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noone
ParticipantMy question is, is this 150K in Adjusted Gross Income or W-2/1099 reporting? Is it based on what you earned in 2006 as reported on your taxes filed in 2007?”
Yes it is AGI.
If they do it the same way they did it last time (2001 I think it was), yes they’ll send out checks based on how you filed in 2006. Then on your 2008 return, you would make any adjustments. It is really a tax credit for 2008. They want to send out checks to give people that psychological feeling that they are getting free money.
ParticipantMy question is, is this 150K in Adjusted Gross Income or W-2/1099 reporting? Is it based on what you earned in 2006 as reported on your taxes filed in 2007?”
Yes it is AGI.
If they do it the same way they did it last time (2001 I think it was), yes they’ll send out checks based on how you filed in 2006. Then on your 2008 return, you would make any adjustments. It is really a tax credit for 2008. They want to send out checks to give people that psychological feeling that they are getting free money.
ParticipantMy question is, is this 150K in Adjusted Gross Income or W-2/1099 reporting? Is it based on what you earned in 2006 as reported on your taxes filed in 2007?”
Yes it is AGI.
If they do it the same way they did it last time (2001 I think it was), yes they’ll send out checks based on how you filed in 2006. Then on your 2008 return, you would make any adjustments. It is really a tax credit for 2008. They want to send out checks to give people that psychological feeling that they are getting free money.
ParticipantMy question is, is this 150K in Adjusted Gross Income or W-2/1099 reporting? Is it based on what you earned in 2006 as reported on your taxes filed in 2007?”
Yes it is AGI.
If they do it the same way they did it last time (2001 I think it was), yes they’ll send out checks based on how you filed in 2006. Then on your 2008 return, you would make any adjustments. It is really a tax credit for 2008. They want to send out checks to give people that psychological feeling that they are getting free money.
ParticipantMy question is, is this 150K in Adjusted Gross Income or W-2/1099 reporting? Is it based on what you earned in 2006 as reported on your taxes filed in 2007?”
Yes it is AGI.
If they do it the same way they did it last time (2001 I think it was), yes they’ll send out checks based on how you filed in 2006. Then on your 2008 return, you would make any adjustments. It is really a tax credit for 2008. They want to send out checks to give people that psychological feeling that they are getting free money.
ParticipantYes this rebate plan is a bad idea, but the tone of this thread is really sad.
Waah, poor people are so lucky! They get all the breaks!
Waah, why should they get anything, they didn’t put in!
I hope you don’t live like this in real life. Are you those people who haggle over the check when you go out to lunch? “Now don’t tip too much, 10% is plenty. And I only had water to drink, so I’m paying $2 less than everyone else. And make sure I get my 13 cents change back.”
ParticipantYes this rebate plan is a bad idea, but the tone of this thread is really sad.
Waah, poor people are so lucky! They get all the breaks!
Waah, why should they get anything, they didn’t put in!
I hope you don’t live like this in real life. Are you those people who haggle over the check when you go out to lunch? “Now don’t tip too much, 10% is plenty. And I only had water to drink, so I’m paying $2 less than everyone else. And make sure I get my 13 cents change back.”
ParticipantYes this rebate plan is a bad idea, but the tone of this thread is really sad.
Waah, poor people are so lucky! They get all the breaks!
Waah, why should they get anything, they didn’t put in!
I hope you don’t live like this in real life. Are you those people who haggle over the check when you go out to lunch? “Now don’t tip too much, 10% is plenty. And I only had water to drink, so I’m paying $2 less than everyone else. And make sure I get my 13 cents change back.”
ParticipantYes this rebate plan is a bad idea, but the tone of this thread is really sad.
Waah, poor people are so lucky! They get all the breaks!
Waah, why should they get anything, they didn’t put in!
I hope you don’t live like this in real life. Are you those people who haggle over the check when you go out to lunch? “Now don’t tip too much, 10% is plenty. And I only had water to drink, so I’m paying $2 less than everyone else. And make sure I get my 13 cents change back.”
ParticipantYes this rebate plan is a bad idea, but the tone of this thread is really sad.
Waah, poor people are so lucky! They get all the breaks!
Waah, why should they get anything, they didn’t put in!
I hope you don’t live like this in real life. Are you those people who haggle over the check when you go out to lunch? “Now don’t tip too much, 10% is plenty. And I only had water to drink, so I’m paying $2 less than everyone else. And make sure I get my 13 cents change back.”
November 20, 2007 at 9:27 AM in reply to: Paging RayByrnes and Bugs or any other CC experts! #101647ParticipantMost car dealers will take a credit card. Your plan can work, but you need to stay on top of it! One late payment can make the whole thing backfire. Credit card companies love to pile on interest charges and late fees. Also make sure you’ve got things covered in case one of the balance transfers doesn’t go through, or takes longer than you anticipated.
I know myself well enough to know that this would not work for me. At least once every year or two, I tend to forget about one payment or another and end up paying something late. I’m better off paying cash, or finding the lowest interest rate I can. Credit unions usually have pretty good auto loan rates.
November 20, 2007 at 9:27 AM in reply to: Paging RayByrnes and Bugs or any other CC experts! #101733ParticipantMost car dealers will take a credit card. Your plan can work, but you need to stay on top of it! One late payment can make the whole thing backfire. Credit card companies love to pile on interest charges and late fees. Also make sure you’ve got things covered in case one of the balance transfers doesn’t go through, or takes longer than you anticipated.
I know myself well enough to know that this would not work for me. At least once every year or two, I tend to forget about one payment or another and end up paying something late. I’m better off paying cash, or finding the lowest interest rate I can. Credit unions usually have pretty good auto loan rates.
November 20, 2007 at 9:27 AM in reply to: Paging RayByrnes and Bugs or any other CC experts! #101745ParticipantMost car dealers will take a credit card. Your plan can work, but you need to stay on top of it! One late payment can make the whole thing backfire. Credit card companies love to pile on interest charges and late fees. Also make sure you’ve got things covered in case one of the balance transfers doesn’t go through, or takes longer than you anticipated.
I know myself well enough to know that this would not work for me. At least once every year or two, I tend to forget about one payment or another and end up paying something late. I’m better off paying cash, or finding the lowest interest rate I can. Credit unions usually have pretty good auto loan rates.
November 20, 2007 at 9:27 AM in reply to: Paging RayByrnes and Bugs or any other CC experts! #101764ParticipantMost car dealers will take a credit card. Your plan can work, but you need to stay on top of it! One late payment can make the whole thing backfire. Credit card companies love to pile on interest charges and late fees. Also make sure you’ve got things covered in case one of the balance transfers doesn’t go through, or takes longer than you anticipated.
I know myself well enough to know that this would not work for me. At least once every year or two, I tend to forget about one payment or another and end up paying something late. I’m better off paying cash, or finding the lowest interest rate I can. Credit unions usually have pretty good auto loan rates.
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