Vigilante212

I thought it was just considered income that when it came time to do taxes you just got taxed on it? Im going to look into it. It would suck to only get $300 back next year on my taxes blah.

black mamba

From the IRS itself: The stimulus payment will not reduce or increase your refund when you file your 2008 return. I was wrong about what I said earlier...................this is free money per se.[8D]

MTboy

Have to love free money.... Well my wife got me the Wheely King for v-day. Should be here between 20th and the 22nd. I plan on making it into a crawler.

Vigilante212

So I was correct its just taxable income like unemployment.

black mamba

It won't be taxed.

black mamba

http://www.irs.gov/newsroom/article/...179181,00.html

Vigilante212

ah I see. thats good.

kd7oir

Money from the government is NEVER free, SOMEBODY always pays. Where do you think it'll come from.
TAXES

Vigilante212

its called the US deficit weve already been taxed on it

kd7oir

The deficit is money that we don't have yet. In other words it has yet to be payed, like a lone. They will have to raise taxes to balance the deficit in the long run.