Where is the outrage?

[Rt.66]

Must be nice!

The TurboTax forum had something on it about last year’s stimulus checks being deducted from refunds. Is that true?

[Coronita]

Hey, there’s one other option. If you don’t like being taxed, you can always move to a country that doesn’t have income taxes on the middle class (China comes to mind).

Or you can buy citibank/bac/gs/jpm/flavor of the month bank stock. At least you’d be paying yourself back.

Kinda like when gas prices were high, it was pretty funny buying petro companies like ChevronTexaco, ExxonMobil.

🙂

[Coronita]

Hey, there’s one other option. If you don’t like being taxed, you can always move to a country that doesn’t have income taxes on the middle class (China comes to mind).

Or you can buy citibank/bac/gs/jpm/flavor of the month bank stock. At least you’d be paying yourself back.

Kinda like when gas prices were high, it was pretty funny buying petro companies like ChevronTexaco, ExxonMobil.

🙂

[Coronita]

Hey, there’s one other option. If you don’t like being taxed, you can always move to a country that doesn’t have income taxes on the middle class (China comes to mind).

Or you can buy citibank/bac/gs/jpm/flavor of the month bank stock. At least you’d be paying yourself back.

Kinda like when gas prices were high, it was pretty funny buying petro companies like ChevronTexaco, ExxonMobil.

🙂

[Coronita]

Hey, there’s one other option. If you don’t like being taxed, you can always move to a country that doesn’t have income taxes on the middle class (China comes to mind).

Or you can buy citibank/bac/gs/jpm/flavor of the month bank stock. At least you’d be paying yourself back.

Kinda like when gas prices were high, it was pretty funny buying petro companies like ChevronTexaco, ExxonMobil.

🙂

[Coronita]

Hey, there’s one other option. If you don’t like being taxed, you can always move to a country that doesn’t have income taxes on the middle class (China comes to mind).

Or you can buy citibank/bac/gs/jpm/flavor of the month bank stock. At least you’d be paying yourself back.

Kinda like when gas prices were high, it was pretty funny buying petro companies like ChevronTexaco, ExxonMobil.

🙂

[Coronita]

[quote=Scarlet]Must be nice!

The TurboTax forum had something on it about last year’s stimulus checks being deducted from refunds. Is that true?[/quote]

Shouldn’t be. Stimulus checks shouldn’t be taxable…I don’t know actually for sure.

*edit*

Here:
http://www.factcheck.org/askfactcheck/is_the_economic_stimulus_payment_taxable.html

[Coronita]

[quote=Scarlet]Must be nice!

The TurboTax forum had something on it about last year’s stimulus checks being deducted from refunds. Is that true?[/quote]

Shouldn’t be. Stimulus checks shouldn’t be taxable…I don’t know actually for sure.

*edit*

Here:
http://www.factcheck.org/askfactcheck/is_the_economic_stimulus_payment_taxable.html

[Coronita]

[quote=Scarlet]Must be nice!

The TurboTax forum had something on it about last year’s stimulus checks being deducted from refunds. Is that true?[/quote]

Shouldn’t be. Stimulus checks shouldn’t be taxable…I don’t know actually for sure.

*edit*

Here:
http://www.factcheck.org/askfactcheck/is_the_economic_stimulus_payment_taxable.html

[Coronita]

[quote=Scarlet]Must be nice!

The TurboTax forum had something on it about last year’s stimulus checks being deducted from refunds. Is that true?[/quote]

Shouldn’t be. Stimulus checks shouldn’t be taxable…I don’t know actually for sure.

*edit*

Here:
http://www.factcheck.org/askfactcheck/is_the_economic_stimulus_payment_taxable.html

[Coronita]

[quote=Scarlet]Must be nice!

The TurboTax forum had something on it about last year’s stimulus checks being deducted from refunds. Is that true?[/quote]

Shouldn’t be. Stimulus checks shouldn’t be taxable…I don’t know actually for sure.

*edit*

Here:
http://www.factcheck.org/askfactcheck/is_the_economic_stimulus_payment_taxable.html

[Anonymous]

Yes, getting a stimulus check would lower this year’s refund because you got part of your refund early. The stimulus worked by lowering your 2008 tax bill by $600. In the expectation that your bill would be $600 lower than what you’re expecting they cut you a $600 check. They based this off of the 2007 tax bill.

Think of it this way, without the stimulus you would have received a $600 refund. With the stimulus you have a $1200 refund reduced to $600 because you already received $600 of your 2008 refund money last year. However, TurboTax needs to account for people who did not receive a stimulus check in 2007, but their 2008 taxes show that they should have. Their 2008 taxes were reduced by $600. The nice part is if you qualified based on 2007 taxes, but didn’t based on 2008 taxes you don’t need to return the $600.

[Anonymous]

Yes, getting a stimulus check would lower this year’s refund because you got part of your refund early. The stimulus worked by lowering your 2008 tax bill by $600. In the expectation that your bill would be $600 lower than what you’re expecting they cut you a $600 check. They based this off of the 2007 tax bill.

Think of it this way, without the stimulus you would have received a $600 refund. With the stimulus you have a $1200 refund reduced to $600 because you already received $600 of your 2008 refund money last year. However, TurboTax needs to account for people who did not receive a stimulus check in 2007, but their 2008 taxes show that they should have. Their 2008 taxes were reduced by $600. The nice part is if you qualified based on 2007 taxes, but didn’t based on 2008 taxes you don’t need to return the $600.

[Anonymous]

Yes, getting a stimulus check would lower this year’s refund because you got part of your refund early. The stimulus worked by lowering your 2008 tax bill by $600. In the expectation that your bill would be $600 lower than what you’re expecting they cut you a $600 check. They based this off of the 2007 tax bill.

Think of it this way, without the stimulus you would have received a $600 refund. With the stimulus you have a $1200 refund reduced to $600 because you already received $600 of your 2008 refund money last year. However, TurboTax needs to account for people who did not receive a stimulus check in 2007, but their 2008 taxes show that they should have. Their 2008 taxes were reduced by $600. The nice part is if you qualified based on 2007 taxes, but didn’t based on 2008 taxes you don’t need to return the $600.

[Anonymous]

Yes, getting a stimulus check would lower this year’s refund because you got part of your refund early. The stimulus worked by lowering your 2008 tax bill by $600. In the expectation that your bill would be $600 lower than what you’re expecting they cut you a $600 check. They based this off of the 2007 tax bill.

Think of it this way, without the stimulus you would have received a $600 refund. With the stimulus you have a $1200 refund reduced to $600 because you already received $600 of your 2008 refund money last year. However, TurboTax needs to account for people who did not receive a stimulus check in 2007, but their 2008 taxes show that they should have. Their 2008 taxes were reduced by $600. The nice part is if you qualified based on 2007 taxes, but didn’t based on 2008 taxes you don’t need to return the $600.

[Author]

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