General Question

futurelaker88's avatar

When do we get the $300 from bush?

Asked by futurelaker88 (1600points) March 17th, 2008 from iPhone
Observing members: 0 Composing members: 0

12 Answers

oneye1's avatar

its $600 and checks go out in may buy things made in the USA

squirbel's avatar

File your taxes – it is the only way. It will be sent to you afterwards.

Singles
If you earned less than $3,000 – unfortunately you’d get nothing.
If you earned more than $3,000 but paid no taxes, you’d get $300.
If you earned more than $3,000 and paid taxes, you get $600.
If you have children, add $300 per.
Determine Phaseout Reduction:
The phaseout levels begin at $75k and end at $87k, at a reduction of 5% per $1,000 over the lower limit. If you earn above $87k, you’re over and thus get nothing regardless of the math.

Couples
If you earned less than $3,000 – unfortunately you’d get nothing.
If you earned more than $3,000 but paid no taxes, you’d get $600.
If you earned more than $3,000 and paid taxes, you get $1,200.
If you have children, add $300 per.
Determine Phaseout Reduction:
The phaseout levels begin at $150k and end at $174, at a reduction of 5% per $1,000 over the lower limit. If you earned above $174k, you’re over and thus get nothing regardless of the math.

http://www.bargaineering.com/articles/2008-tax-rebate-stimulus-package-explained.html

rawpixels's avatar

If you made over $70k, which I did, I believe you get $0

blunckhouse's avatar

Holy crap, rawpixels, you make over $70k? Like in a whole year? DANG.

cwilbur's avatar

It’s not $300 from Bush; it’s $300 added to the federal deficit.

squirbel's avatar

Should be from Bush. (Evil grin.)

Randy's avatar

I cant wait! With my $600, I’ll be buying my macbook! YAY!

oneye1's avatar

ya its a stimulus package for china

aaronblohowiak's avatar

it is a loan against next years’ rebate.

trainerboy's avatar

It is not coming from Bush any more than Hillary can give us health care. It is going to come out of next years refunds so it is an advance on money the government confiscates from you this year.

glial's avatar

Already posted…oops

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