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 Displaying 1-25 of 65 messages in this thread. |
| Posted By | Discussion Topic: Tax Relief Act of 2001 | ||||
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| Kim | posted on 06-29-2001 @ 9:50 AM |    | |||
| O&A Board Regular Registered: Jan. 01  | At the bottom of this article are the dates that checks are being mailed! Thought everyone might want to take a look to see when you'll be getting yours! IRS sets schedule for tax refunds WASHINGTON (CBS.MW)6/7/01 - The $300 tax refunds mandated by the Tax Relief Act of 2001 will come soonest to those whose Social Security numbers end in low digits, the Internal Revenue Service said Thursday. The refunds, made official when President Bush signed the law Thursday morning, will be distributed based on the last two digits of the Social Security Number. For couples filing jointly, the first number on the return is used. The checks will show up automatically, the agency says, without taxpayers having to request them or submit additional forms. Checks are expected to be mailed as follows: SSN ends in 00-09: Week of July 23 SSN ends in 10-19: Week of July 30 SSN ends in 20-29: Week of Aug. 6 SSN ends in 30-39: Week of Aug. 13 SSN ends in 40-49: Week of Aug. 20 SSN ends in 50-59: Week of Aug. 27 SSN ends in 60-69: Week of Sept. 3 SSN ends in 70-79: Week of Sept. 10 SSN ends in 80-89: Week of Sept. 17 SSN ends in 90-99: Week of Sept. 24  I've adopted That Guy II...so be nice to him! Any problems let me know! :) "Hold fast to dreams, for if dreams die, life is a broken winged bird that cannot fly." | ||||
USA Autoban Head Slap... Swim Move... | posted on 06-29-2001 @ 9:55 AM | | |||
| O&A Board Veteran Registered: Oct. 00 | Does the $300.00 count as income? Septemer? Fuck!  | ||||
| SNAKEBITE | posted on 06-29-2001 @ 9:56 AM | | |||
| Psychopath Registered: Jan. 01 | Kim something is missing from that article: Married couples get $600.00 Single parents get $500.00 BM - I'm sure you would have to claim it next year, but that's what I have an accountant for. Remember don't sweat the petty things and don't pet the sweaty things | ||||
| spitfire421 | posted on 06-29-2001 @ 9:56 AM | | |||
| O&A Board Regular Registered: Dec. 00 | Woo-hoo I get mine in August :) (yes I know the probable purpose of this is to appease the masses - middle class - and for a short while let them forget about this country's real problems i.e. we have a fucking dumbass for a president...But hey, it's free money, well kinda)  | ||||
| skitchr4u G.O.O.F.B.A.H.G.S. Xtreme Skiing Assualt Force | posted on 06-29-2001 @ 9:56 AM | | |||
| O&A Board Regular Registered: Dec. 00 | Thanks Kim, I just wish that it was June instead of July! PS, still love that sigpic! AIM: SkiT4you First Member of the JWO | ||||
| bluetarp | posted on 06-29-2001 @ 10:13 AM | | |||
| O&A Board Regular Registered: Jan. 01 | Good info Kim, August, woooowoooo! And Spitfire, like the dumbass is any worse than our previous dumbass? At least the new one has cute daughters.  Heaaa fishy fishy fishy fishy. And it went, wherever I, did go! | ||||
| njstrawberry | posted on 06-29-2001 @ 10:13 AM | | |||
| O&A Board Regular Registered: Feb. 01 | I was told, it doesn't count as an income. It isn't a supplement you are receiving. Those are your taxes, retroactive, that they have calculated you have over-paid. The big tax break you will feel will be in your paychecks. You should start seeing the amount of taxes withheld by federal to be much less. It's about damn time we start getting back more. Then again, we do tax less that some provinces in Canada. Some of them have a tax percentage of 47%. Can you imagine that coming out of your pay check every week only to have to wait for 6 months to see a doctor? uhhhhg And remember, you had to do your taxes this year in order to receive this. If you haven't done them. Do them asap. Once they are in, you should receive your check. If you don't get the check 90 days from filing then contact the IRS.  This message was edited by njstrawberry on 6-29-01 @ 10:19 AM | ||||
| EAFofNY | posted on 06-29-2001 @ 12:22 PM | | |||
| Psychopath Registered: Sep. 00 | It's an advance on next year's return people. It's money you would already have been receiving. So if you're expecting a $500 return next year? You're only gonna get $200 of it, cause they're advancing $300 of it to you now. It's kind of a political scam thing, but most of us don't care, cause $300 now as opposed to later = more gooder. Still "just lurking" My farts have bass. | ||||
| njstrawberry | posted on 06-29-2001 @ 12:28 PM | | |||
| O&A Board Regular Registered: Feb. 01 | "..this year's first installment of the tax cut, the check will literally be in the mail. Late this summer and into the fall, every single American who pays income taxes will receive a check. Single taxpayers will receive a check of $300. Single parents who are heads of household will receive a check of $500. And married couples will receive a check of $600. That immediate tax relief will provide an important boost at an important time for our economy. And what is more is you can feel comfortable using it because more tax relief is on the way. The checks are the first installment of lasting, long-term reductions in tax rates. As a result, when this tax relief plan is fully implemented, a typical family of four will see their taxes cut by about half. The check you will receive in the mail represents your benefit from the newest lowest rate, which drops from 15 percent to 10 percent. Starting in July and continuing next January, the federal government will begin reducing the amount it withholds from paychecks to reflect the first phase of new and lower tax rates. Ultimately, tax rates will be reduced from the current 28 to 25; from 31 down to 28; from 36 to 33; and from 39.6 to 35 percent. Over the next 10 years, the child credit will double, from last year's $500 per child to $600 per child this year, to $1,000 by the year 2010. The marriage penalty will be dramatically reduced. And the unfair death tax will be completely abolished by the year 2010..." - REMARKS BY THE PRESIDENT "AFTER PASSAGE OF THE TAX PLAN" MAY 26, 2001. This message was edited by njstrawberry on 6-29-01 @ 12:41 PM | ||||
| skitchr4u G.O.O.F.B.A.H.G.S. Xtreme Skiing Assualt Force | posted on 06-29-2001 @ 12:31 PM | | |||
| O&A Board Regular Registered: Dec. 00 | Give the masses a little bone now, so that next year and there really still is no difference they won't care cause they got a check...now the 1% that will feel the difference next year are going to love it, while we still foot the bill for keeping the country going... AIM: SkiT4you First Member of the JWO | ||||
| njstrawberry | posted on 06-29-2001 @ 12:41 PM | | |||
| O&A Board Regular Registered: Feb. 01 | Ummm, I hate to turn this political but I hope you research your info better. The top 5% wage earners in the country pay 90% of the taxes paid yearly in this country and the other 95% of wage earners only pay 10% of the taxes. Does that seem fair to you? Geee let's punish the rich. I hope no one here wins the lottery. Geeeesh, if you cry now over forking over $5,000 on $30,000. What are you going to do when you have to give $450,000 out of your $1,000,000.00 jackpot? This message was edited by njstrawberry on 6-29-01 @ 12:48 PM | ||||
| Whackbag | posted on 07-01-2001 @ 7:49 PM | | |||
| Psychopath Registered: Sep. 00 | Nice job Strawberry, I am always trying to explain that to people. Heres what I don't get. The countries Douche-Bag Darling President Clinton gives the largest tax increase in the history of this country and I often find that many people who voted for Clinton, or Gore (same scumbag adminstration anyway) actually don't believe me when I bring up the 1993 tax hike. Largest Tax increase in American history, and not only were many people not critical of it, but erased it from their memory banks. Bush enacts a tax refund where the average taxpayer will recieve a couple of hundred dollars back. Suspend debate whether its closer to 500 or 200 in the end for the time being. Granted, its not enough to buy a yacht or a new car, but its a few hundred bucks back in your own pocket, bottom line. And people seem to want to find every way to discredit this tax relief effort, while Clinton's increase was swept under the rug and forgotten. I just look at this based on the premise of: 1.00 is better than .50 cents, either way And like Strawberry said, of course the rich are gonna get more back cause they pay more, its pretty simple. | ||||
| Boodadude | posted on 07-01-2001 @ 8:21 PM | | |||
| Psychopath Registered: Mar. 01 | Strawberry I would LOVE to be in the group that pays the 90% Thats a problem that I would love to have! Beats being broke trying to keep up with my 10% LOL | ||||
| adolescentmasturbator | posted on 07-01-2001 @ 8:36 PM | | |||
| O&A Board Regular Registered: Jan. 01 | I would just like to know what programs are being cut for that few hundred dollars. Hmm it just seems like a ploy to get more Bush supporters to me. Next thing you know it will be in a huge envelope saying "From President Bush." lol. As for straw's statement to the rich I say this. First of all it isn't like you worked for the lottery jackpot so the government taking half isn't so bad. Hell you would be still be getting a shitload of free money. And if I were in the top 5% I would definitely be willing to pay EVEN more taxes as to take the pressure of the working classes. And then you bring up countries in Europe with real high taxes. Well I have some family that lives there and they say that healthcare is top notch and they can get it asap and it is all provided by the government. So sure a tax cut is great on the surface but what are they really cutting.  Resident Board Socialist Email me here IM me at stickysituation2 or pinkorag I have brought the 3 i's of SamH and ass-fucker into the International | ||||
| Spork | posted on 07-01-2001 @ 9:12 PM | | |||
| Psychopath Registered: Jun. 01 | It's a little bit disturbing to me when people don't follow closely their politicians in Washington, but complain so much about them. First of all, as for credit and blame on this current tax cut. It's Bush who pushed hard for the overall rate cuts. That is what he and the Republicans in both chambers wanted - big rate cuts. Now they got that, yes, but it's certainly coming on a pretty slow pace and there are a lot of "sunset" clauses in there where some tax breaks actually expire (but these are likely to be renewed by everyone). It was the Democrats who wanted to send out rebate checks. As I understand it, the rebate checks are coming as a result of the lowering of the lowest marginal tax rate from 15% to 10%. So far as I know, that's where that little check is coming from. If the Democrats pushing for the rebate check idea is simply a ploy to get people to like Bush... well doesn't that seem a little odd? Everyone piles on when it's time to give taxpayers their money back, because it's popular around election time. Here's another thing: ANY tax cut is a GOOD tax cut. That's YOUR money, people! I am FUCKING BAFFLED by people who turn their nose up saying things like "that will only by me a bag of cookies" or whatever. Hey, if it's only five dollars, that's five of your dollars back to spend the way you want and not have them wasted on Washington pols who are funneling your money into programs, commissions, and highways for West Virginia that you don't need. If you don't want your $300, your $500 or your $600, e-mail me. I will gladly deposit your check into my account. Now, Adolescentmasturbator, for your couple of points: First of all, NO programs are being cut for this rebate check because it's all SURPLUS money that we collectively overpaid the government. They're "gracious" enough to give it back to us before they spend it on anything wasteful. Second of all, if you become rich (which would seem like such an odd thing for a socialist to do because it's just so "greedy") and you want to pay more taxes - you are jolly well welcome to - it's called CHARITY! Because of "progressive" (or as I call them "punitive") taxation rates, it really is the case that the top 5% of income earners are the ones that everyone else rides on in terms of services - they pay 90% of the taxes. They also happen to be the ones who create the jobs that allow that bottom 95% to have income that is taxed. Third - as far as socialized medicine goes? Take a look at Britain. Take a look at Canada. Socialized medicine SUCKS. As I have said before, I am from Canada and I have seen this first hand. My grandfather waited 6 months for quadruple bypass surgery! Wow, what a socialist utopia! I had a friend who waited 5 months for an MRI on her knee. Another who waited THREE weeks for a suspected BRAIN TUMOR! Not to mention the constant striking by nurses and doctors. The whole system is collapsing because, surprise surprise, socialism just ain't sustainable. Anyhoo, I personally am going to enjoy my $600!  Graduated and Rooned by Rone on 6/16/01 | ||||
| Tequila Fez claims this land in the name of Portugal! Why worry about the train if it never makes it around the tracks?? IrishAlkey wuz here!!! | posted on 07-01-2001 @ 9:18 PM | | |||
| O&A Board Veteran Registered: Jan. 01 | What about married couples with 2 kids. I am last on the list this sucks!!!!!!!!!!11  AOL/AIM - oanda1027fm | ||||
| adolescentmasturbator | posted on 07-01-2001 @ 10:24 PM | | |||
| O&A Board Regular Registered: Jan. 01 | Well I was just making a point that if you take that money and funnel it to programs that will benefit the general population it will be better. Would you rather have 200, 300, or whatever it is or have a better education system, better highways, etc. And there is nothing wrong with becoming rich. The problem is abusing and destroying people for your own personal gain. As for the socialized medicine argument. I have family that live in Denmark. They can get a leg injury and get it checked right away. Sure it doesn't work in some countries but that is the same thing that happens in private industry. Resident Board Socialist Email me here IM me at stickysituation2 or pinkorag I have brought I am currently looking for newbies to bring into the International | ||||
| Spork | posted on 07-01-2001 @ 10:31 PM | | |||
| Psychopath Registered: Jun. 01 | I would much rather have the money in my pocket. It's noble to think that all the tax money that goes to the government is used wisely. And I hate to be the one to break this to you, but it just ain't so. Yes, my federal tax dollars might be helping build highways, but those highways are all in West Virginia thanks to Mr. Byrd from WV who sits on the committee that decides where federal highway funds go. I think that I can do better with my money than I think the government can. It's definitely a philosophical thing to be sure, but I just believe that to be the case. When my money goes to me I spend it in my best interest. When my money goes to Washington politicians spend it in THEIR best interest, not the best interests of the general public. Graduated and Rooned by Rone on 6/16/01 | ||||
| adolescentmasturbator | posted on 07-01-2001 @ 10:37 PM | | |||
| O&A Board Regular Registered: Jan. 01 | Yes I know that Spork. That is why we need to change politicans. Vote in a party besides the same Democratic and Republican bullshit. All they want is your vote. That is why I support the Green Party. Resident Board Socialist Email me here IM me at stickysituation2 or pinkorag I have brought I am currently looking for newbies to bring into the International | ||||
| hornygoatweed23 I've Got A Vagina With Teeth. G.O.O.F.B.A.H.G.S. Dragoon Battalion My friends call me Weed | posted on 07-01-2001 @ 10:39 PM | | |||
| O&A Board Regular Registered: Jan. 01 | I for one am not totally impressed or even thankful that I'm getting a check back. Sure, its always nice to get money back, but the way these tax cuts have been touted makes it seem as if everyone is going to be so much better off. I know there are members of the board who could very well make do with a few extra hundred dollars, but in the long run, its just a drop in the bucket. I would've preferred they funnelled this tax money into some sort of a health-care provision, especially for those people who are paying out the ass through their pockets or paychecks to go to see a doctor for something as small as a nagging cough or something more serious. does that mean I don't want my check? No, its mine, and I'll take it, but once I put it in the bank, any interest it generates becomes taxable income, and I'm sure the check itself is also excpected to be claimed as taxable income. I personally feel this tax-cut campaign by Bush was simply to make his image look better to the American public, especially after that half-assed elcetion. We are all going to get screwed by taxes - maybe not this year, maybe not next, but in the end, it will happen.  Classes for Enhancing your Board Experience and Stamina are now in Session! Email me here or AIM me at Organic999 to enroll. | ||||
| IAmMighty | posted on 07-01-2001 @ 11:07 PM | | |||
| Psychopath Registered: Sep. 00 | 300's better than nothing. Personally last year I left a job, with a BIG severance package. Then started a new job the very next Monday. Getting two(TWO!) checks for months was cool, but come April 15th, I got F**KED for thousands. Oh well.  "Stared at the Mendi Gossamer for too long!" | ||||
| Whackbag | posted on 07-02-2001 @ 2:20 AM | | |||
| Psychopath Registered: Sep. 00 | Lets have a capitalist system when its convinient and be socialist whenever we get sick. | ||||
| DasDoomper | posted on 07-02-2001 @ 6:16 AM | | |||
| Psychopath Registered: Jun. 01 | quote: Well said. I plan to use my money towards something useful - a vacation! I think a lot of people don't understand that this "refund" is the government paying us back for the SURPLUS of money they took from us. If you went into a restaurant, and got overcharged, wouldn't you want your money back? DasDoomper  | ||||
| njstrawberry | posted on 07-02-2001 @ 7:50 AM | | |||
| O&A Board Regular Registered: Feb. 01 | quote: ...and keep in mind that this "largest tax hike" in 1993 took place while both the Office of the President and Congress maintained Democratic control. Republicans were not in the majority at this time. We did not gain control until 1994. Mind you, that was also the first time in nearly 50 years that we gained control of both houses. Why do you think the dems lost so many seats in that election? Some people weren't sleeping when they gave us the tax hike. The problem is, the media was. I must say that up until 1996 I was a democrat and it was through very long debates and research that I realized this great party I believed in was doing squat for us. As for my comment regarding the jackpot it was an example. I know that my latest job has hiked me into a higher bracket. I am paying more taxes and I am only making $5000 more than I used to make. Do I find that to be fair? Absolutely not. The idea of restructuring the tax code as the Bush Administration has done will mean I will be lowered into the tax bracket I used to be in. That's great news for me. Because frankly, I have been paying an extra $3000 in taxes because of a $5000 increase per year. That's more than 50% of my extra earnings!!!! As far as "what programs will be cut"? Your answer is none. This tax break has been comprised of a SURPLUS. That means you and I overpaid the Government and instead of letting Washington DC decide how we should spend money we have overpaid to them we will receive the funds back and will be able to determine for ourselves how we wish to spend our money. Any other restructuring of any Government programs is not due to this but is due to shift in program budgets. It is an annual thing that occurs. Look it up and don't be so quick to believe all the hype and Republicans trying to demonize the world and bring sufferings to the poor hard working tax payer. In 50 years of Democratic control can you ever say you received a tax reimbursement check, a lowering of your tax codes, a 10 year plan to obliterate the inhertitance and gift taxes, a doubling of child credits and dozen more tax incentives? All at the same time? I think not, but aren't they the party that is suppose to help people like you and I? Well then, why haven't they done it in 50 years with several democratic Presidents in office? I recommend that regardless of your party affiliation, you should look into this tax plan that was passed. This tax code restructuring will only benefit you and once again you need to tip your hats off to the Republicans because you wouldn't have a check coming in the mail and lower tax rates without them. Tax Calculator This message was edited by njstrawberry on 7-2-01 @ 8:15 AM | ||||
| njstrawberry | posted on 07-02-2001 @ 8:29 AM | | |||
| O&A Board Regular Registered: Feb. 01 | Regarding the tax break and 2002 Bush Administration budget please check the following link to see how your state is affected: President's Budget Funds America's Priorities | ||||
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Displaying 1-25 of 65 messages in this thread. |