Personal Development for Smart People Forums - View Single Post - $600 gov check - is it part of the million dollar experiment?

{aspiring_to_clarity} · 02-22-2008, 04:11 PM

Information on Stimulus Payments

This explains it pretty well I think (it's from the IRS website).

I do know that it won't be taxed as income, but I guess they are taking it out of taxes paid in? And that's why it's considered a rebate? Because people who have no tax liabilty, but made at least $3000.00 can get a $300 rebate. I really don't understand it at all except that it will be money I wouldn't otherwise have had which I have to pay no additional taxes on. Right?

02-22-2008, 04:11 PM	#7 (permalink)
{aspiring_to_clarity} Family Member Join Date: Dec 2006 Location: Texas, USA Posts: 3,709 ${aspiring_to_clarity} will become famous soon enough$	Information on Stimulus Payments This explains it pretty well I think (it's from the IRS website). I do know that it won't be taxed as income, but I guess they are taking it out of taxes paid in? And that's why it's considered a rebate? Because people who have no tax liabilty, but made at least $3000.00 can get a $300 rebate. I really don't understand it at all except that it will be money I wouldn't otherwise have had which I have to pay no additional taxes on. Right? Last edited by {aspiring_to_clarity}; 02-22-2008 at 04:13 PM.
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