Stimulus Package: What You Doing...
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What will I do? There are many things I would like to do. I have a .22 pistol I would like to pay off the grips I am having made for, as well as to get a good leather holster for the same.
I would also like to get a new pistol or shotgun.
Chances are though, that the wife and I will be using it to pay of some bills as we recently tapped ourselves out because of an unforeseen necessity for repairing a transmission.
What ever I do, I still hope to pay off my grips and take my nephew to the range as he keeps hounding me to take him so he can fire this nice Buffalo Scout .22 made by Taurus.
hopefully most of us will be able to use what we receive to our best necessity. Perhaps even to stock up on ammunition as the cost for this is getting to be exorbitant, especially as the demand for lead, gold, brass, silver and other precious metals has been skyrocketing as China makes its way into the modern era.
I would also like to get a new pistol or shotgun.
Chances are though, that the wife and I will be using it to pay of some bills as we recently tapped ourselves out because of an unforeseen necessity for repairing a transmission.
What ever I do, I still hope to pay off my grips and take my nephew to the range as he keeps hounding me to take him so he can fire this nice Buffalo Scout .22 made by Taurus.
hopefully most of us will be able to use what we receive to our best necessity. Perhaps even to stock up on ammunition as the cost for this is getting to be exorbitant, especially as the demand for lead, gold, brass, silver and other precious metals has been skyrocketing as China makes its way into the modern era.
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1,191 Posts
Bills.
I got a raise this year, didn't add any more bills and yet still my checks are tighter than last year.
I got a raise this year, didn't add any more bills and yet still my checks are tighter than last year.
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Actually, it's your own money they are LENDING to you before you make it. The thing most people don't understand is the we will all have to pay this money back eventually (sooner than later if the dems get into office).PW said:
Me, I'm going to put most of it away in savings (unpatriotic???), though I do have my eye on a new hunting rifle.
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I don't think I will be getting one but if I do, I will be pleasantly surprised. I plan on replacing my .22 caliber pistol then the rest for bills.
ian
ian
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Thanks for clarifying that apollosmith. The government is getting way too much credit for what amounts to an advance.apollosmith said:
For right now, ours is going into savings since our tax refund was already too high. I had to change my deductions this year to reduce the amount deducted from my paycheck.
I am seriously considering putting some the money into reloading components and food storage. Right now both items are rising much faster than the return on my savings account. I wish I had stored up fuel a couple years ago, it would have earned over 20% a year. :crying:
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In the short run, we'll put our rebate against some debt. In the long run, we'll be spending it.
Our circumstances remind me of a story about two farmers. Seems they were digging a post hole for a fence between their farms, and they unburied an old sack containing 10 million dollars. After awhile, no one claimed it, so they were able to divide it between themselves.
One farmer asks the other "What are you gonna do with your money?"
Says the second, "I'm gonna take a trip around the world and then live in luxury for the rest of my life. What are you gonna do with your share?"
"Oh," says the first, "I guess I'll just keep farming until it's all gone."
Our circumstances remind me of a story about two farmers. Seems they were digging a post hole for a fence between their farms, and they unburied an old sack containing 10 million dollars. After awhile, no one claimed it, so they were able to divide it between themselves.
One farmer asks the other "What are you gonna do with your money?"
Says the second, "I'm gonna take a trip around the world and then live in luxury for the rest of my life. What are you gonna do with your share?"
"Oh," says the first, "I guess I'll just keep farming until it's all gone."
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My wife and I have already spent it on a Correct Grade Springfield Armory M1 Garand from the CMP, along with 1300 rounds of surplus .30-06.
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Apollosmith, you are not correct. This is an advance on a one-time tax credit which will be given to you on your 2008 tax return. The net result is zero.
YOU DO NOT HAVE TO PAY THIS BACK. -- It is not like the 2002 tax refund advance.
(Of course what this means is that this is a giant giveaway of borrowed money. Who are we borrowing it from? In the short-term, the Chinese and our other creditors, in the long run, we're borrowing it from our children.)
:roll:
YOU DO NOT HAVE TO PAY THIS BACK. -- It is not like the 2002 tax refund advance.
(Of course what this means is that this is a giant giveaway of borrowed money. Who are we borrowing it from? In the short-term, the Chinese and our other creditors, in the long run, we're borrowing it from our children.)
:roll:
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Here is how it works:Rugerlover said:
You get (between $300-$1200, but lets just say $1000)
On your 2008 taxes if you were going to owe $300 to the government then you would still just owe $300. If you were going to get a Refund of $1500 you would only get $500. If you will get a refund of $800 you will get back nothing.
Big brother will subtract your "Stimulus Package" from any 2008 tax Refunds you receive. No refund=no repay.
So, for most people, It is best to try an Zero out your taxes this year (nothing owed, nothing refunded) because any refund up to your Stimulus Package amount will not be received anyways so you might as well keep that extra money throughout the year.
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In other words, it would be better to owe a little on next year's return than to be getting any refund at all.
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Well, we have to pay it back somehow. It might be in next year's taxes (this is VERY unlikely with a new administration coming in) or it might be over several and perhaps many years. But, we will certainly have to pay it back eventually.Rugerlover said:
And if you think about it, it's really always best to owe money on your taxes. Any time you get a tax refund, you are just getting your own money back that you have been lending interest free to the government. Refund checks are nice, but if you have the discipline to invest that money over the course of a year instead, you're much better off.
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I have a bunch of employees that LOVE to get refund checks. I explain to them that they are simply lending their money to the government interest free and at the end of the year the government gives it back to them. They tell me that is fine. SO then I tell them, well why don't you set your exemptions correct and maybe even so you owe a little bit at the end of the year, but what we will do is I will take the extra money that you are getting in your check now, the money they normally give to the government by overpaying their taxes. We will take that money and put it in MY personal bank account. Then at the end of the year, I will give it back to them and they can pretend like that is their tax refund. So far noone has taken me up on that proposal. In fact they are usually opposed to that idea. I then ask them what the difference is between me and the government. They do that with the government, but they won't do it with me? Whats up with that? I have even offered to give them a small amount of interest on the money making it an even better deal than the government.... still no takers.
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