Use this to calculate how much of a rebate you stand to get from Uncle Sam
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Submitted by jkieta on Thu, 2008-01-24 17:48. |
Many of you have heard that President Bush and Congress are working on an economic "stimulus" plan to get Americans spending.
The plan, which still is a work in progress, centers around giving qualifying taxpayers a check that it is hoped would quickly be spent -- thereby stimulating the economy.
The Kansas City Star, a sister McClatchy newspaper, has created an online calculator of sorts to determine how much money you may get back. Follow this link:
http://www.kansascity.com/132/story/459367.html
Fill in the details and -- bingo -- you have the best available estimate on how much your check may amount to.
It's worth noting that there may be changes to the formula as the plan makes its way through Congress. The Star pledges to tweak the calculator as any changes are made. Since nothing's a done deal, don't take that amount to the bank!
I agree with you ...
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Submitted by jkieta on Fri, 2008-01-25 23:59.
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I'm not sure this stimulus package is going to stimulate anything. But I'm no macro economist. Let's hope the Beltway braintrust has this one correct.
Syndicate
a problem
Mr. Kieta, I am curious to hear what you think about this stimulus package. How I personally see it is, if and when I do receive this check it will most likely go right into one of my savings accounts and not right back into the economy. I tend not to splurge when I get a little extra cash, so if other people have a similar frame of mind is this REALLY helping the U.S. economy? Also, one VERY important thing that comes to mind for me is that the U.S. is going to be increasing its debt by $150 billion! To me it seems like a VERY short term solution that will have many pit falls in the long run. I am very curious to see what everyone else thinks.