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Last post 22 years ago by JBG. 23 replies replies.
DIDN'T WE TALK ABOUT THIS.
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RICKAMAVEN Offline
#1 Posted: Tue, Feb 19 2002, 8:52 AM EST
Joined: 10-01-2000
Posts: 33,248
someone owes me an apology or a cigar: "I WISH LAST YEAR I WOULD HAVE BEEN GIVEN A CHOICE ON THE 600 DOLARS I RECEIVED FROM UNCLE SAM THROUGH THE BUSH TAX CUT PLAN. NOW, ACCORDING TO THE I.R.S. AND H.R.BLOCK, IF YOU GET A REBATE FROM YOUR 2001 TAX RETURNS, THE 600 DOLLARS PREVIOUSLY SENT TO YOU WILL BE DEDUCTED FROM THAT REBATE. IN OTHER WORDS, THE BUSH IRS CALLS THE 600 DOLLARS I RECEIVED LAST YEAR AN ADVANCE ON THE REBATE IN MY 2001 TAX RETURNS. HERE IS WHAT THE IRS HAS ON ITS WEBSITE ABOUT THIS:
http://www.irs.gov/irs/news/0,,i1%3D42%26articleId%3D78976,00.html
calavera Offline
#2 Posted: Tue, Feb 19 2002, 10:50 AM EST
Joined: 01-26-2002
Posts: 1,868
sounds like something only the democrats in the senate could have come up with, but that is a whole different bunch of stooges to talk about.
Charlie Offline
#3 Posted: Tue, Feb 19 2002, 1:19 PM EST
Joined: 06-16-2002
Posts: 39,751
An obvious Democrat land mine that was set by grinning liberal pinko, Sen Daschle! Charlie
jjohnson28 Offline
#4 Posted: Tue, Feb 19 2002, 4:07 PM EST
Joined: 09-12-2000
Posts: 7,914
Sorry Rick,I don't see where it says anything about what you're ranting about.All it talks about is one line on the new tax forms.Show mmmmeeeee!!!
RICKAMAVEN Offline
#5 Posted: Tue, Feb 19 2002, 6:10 PM EST
Joined: 10-01-2000
Posts: 33,248
i will look for the post from way back. i said it was not a rebate, but an advance on the next years taxes, and of course i was correct. bush said it was a rebate, but we all know how he lies. i will find the iscussion because it was before you folks joined the bb. i'm glad you all are here but please try not to use clichés. back later.
ellesson Offline
#6 Posted: Tue, Feb 19 2002, 6:28 PM EST
Joined: 05-13-2001
Posts: 150
Normally I do not reply to Ricks twisted liberal drivel, however, As I understand it he is correct in that the rebate is deducted from your 2001 tax return refund. That is what that extra line is for. It is the only change on the form from last year. I do not know if this was Bushes original intent but it wasnt marketed that way... cj
tailgater Offline
#7 Posted: Tue, Feb 19 2002, 7:41 PM EST
Joined: 06-01-2000
Posts: 26,185
Look no more. Rick, you have a short memory. I already sent you some smokes regarding this issue. But you never answered one of my original questions: If this is truly an advance of the 2001 rebate, then what happens to those who paid taxes for 2000, received the $600 bucks, and didn't work in 2001? Will they have to pay it back? You claimed that they would, and I maintain they won't.
RICKAMAVEN Offline
#8 Posted: Wed, Feb 20 2002, 12:15 AM EST
Joined: 10-01-2000
Posts: 33,248
ellesson: thank you and you are correct it wasn't marketed that way.
gdurfor Offline
#9 Posted: Wed, Feb 20 2002, 7:17 AM EST
Joined: 01-24-2001
Posts: 288
This was the democrats plan to help the "needest"
citizens. Of course if you got a refund/rebate and didn't work last year you don't have to pay it back.
Just like the dems to say the Huge tax cut is causing
budget problems. Most of the tax cut hasn't even taken effect yet it's their gov't hand-outs that are the problem.
By the way I didn't mind getting an advance on my refund.
Glenn
Charlie Offline
#10 Posted: Wed, Feb 20 2002, 8:14 AM EST
Joined: 06-16-2002
Posts: 39,751
Glenn, I agree with you and the Democrats will do anything that they can to cause this "recession" to linger and get near to the elections! All the liberal crmbs are nothing more than sleezy charlatons parading around like they are going to help the working class and the poor! Charlie
decasere_CW Offline
#11 Posted: Wed, Feb 20 2002, 11:24 AM EST
Joined: 07-15-2002
Posts: 178
This makes no sense, after last year we owed money, because my wife was a sub-contractor (painting for her Dad) and we got money off the amount we owed, are they now going to put that money back into that amount. As i said this makes absolutely no sense whatsoever.
RICKAMAVEN Offline
#12 Posted: Wed, Feb 20 2002, 9:59 PM EST
Joined: 10-01-2000
Posts: 33,248
tailgater: "Will they have to pay it back? You claimed that they would, and I maintain they won't." so far i have found out from my accountant's secretary, if you were lucky enough to not have any income last year, you won't have to pay it back. we don't don't know for sure about next year's kick back to this years advance. irs is having meetings.
RICKAMAVEN Offline
#13 Posted: Wed, Feb 20 2002, 10:01 PM EST
Joined: 10-01-2000
Posts: 33,248
decasere: your post confused me. didn't your dad pay her under the table like any good american citizen would?
decasere_CW Offline
#14 Posted: Thu, Feb 21 2002, 3:57 AM EST
Joined: 07-15-2002
Posts: 178
not untill this year, but she stopped so she could have our baby..
xrundog Offline
#15 Posted: Thu, Feb 21 2002, 7:53 PM EST
Joined: 01-17-2002
Posts: 2,212
Say, didn't Enron pay for the refunds with the money gouged from California last summer? And wasn't ****** Cheney meeting with Ken Lay in Nov. to ensure that we the taxpayers would pay it all back? After all, someone has to bail out the sad sacks who had their entire life savings, 401K, mutual funds, S&H greenstamps tied up in Enron stock. It's not Ken's fault and gee, he only has 300 or 400 million laying around anyways. And his kid needs braces or something.It's classic! We have a surpus ergo we must give voters money for the good job they did voting for us. Dang! Now we got us a deficit. Well, it was good enough for Reagan! Read my lips, "No new new taxes"! "We'll just bring back the old ones"!
jjohnson28 Offline
#16 Posted: Thu, Feb 21 2002, 9:46 PM EST
Joined: 09-12-2000
Posts: 7,914
xrundog........Huh?????????
RICKAMAVEN Offline
#17 Posted: Thu, Feb 21 2002, 11:34 PM EST
Joined: 10-01-2000
Posts: 33,248
xrundog: welcome to my world, won't you come on in,
miracles i guess, still happen now and then.
xrundog Offline
#18 Posted: Fri, Feb 22 2002, 8:23 AM EST
Joined: 01-17-2002
Posts: 2,212
JJ28, Ok, I made up some of my previous post. But I'm just connecting the dots, filling in the blanks. ****** Cheney would have you believe it's all Vince foster's fault. If GWB had said outright at the debates,"If elected,I will pay all taxpayers $500"! Would he have gotten less votes or more?
xrundog Offline
#19 Posted: Fri, Feb 22 2002, 12:29 PM EST
Joined: 01-17-2002
Posts: 2,212
I like Jim Reeves too!
engletl Offline
#20 Posted: Fri, Feb 22 2002, 5:45 PM EST
Joined: 12-26-2000
Posts: 26,493
Well Rick how about those of us that didn't recieve the "extra" refund as you put it, yet recieved an additional credit on this years taxes. Due to the number of dependants I have and the way I claim my taxes through the year. I recieved my normal refund, and later received a letter informing me that I was not eligible for the additional refund. Yet when I filled out my taxes this year I was eligible for the additional tax credit. Even though it did not change my liability at all. With or without the added credit I still received the same amount in refund. How does that fit into your scenerio? Todd
RICKAMAVEN Offline
#21 Posted: Fri, Feb 22 2002, 9:12 PM EST
Joined: 10-01-2000
Posts: 33,248
engletl: i called those "rebate checks" advances on this years tax debits. i, of course did not receive one. i am trying to follow your scenario. are you saying for the tax year 2000 you paid your regular tax bill and since you took less dependents through the year more was taken from your pay than should have been, so you got a refund. than irs notified you that you were not eligible for the "rebate?" let's start with that. or email me [email protected]
engletl Offline
#22 Posted: Sat, Feb 23 2002, 11:23 AM EST
Joined: 12-26-2000
Posts: 26,493
Actually last year I was eligible for the E.I.C. and due to that received a sizeable refund. Since I had zero tax liability last year I was ineligible for the additional rebate. This year when I filled I received an additional credit based on my gross earnings for the year 2001. This additional credit did not change my tax liability since I once again fell into the E.I.C. bracket. I was neither penalized or given any additional money from last years added rebate. And yes I do claim fewer dependants through the year to increase the amount I pay in weekly in order to be sure I don't owe money at the end of the year. Todd
RICKAMAVEN Offline
#23 Posted: Sat, Feb 23 2002, 4:37 PM EST
Joined: 10-01-2000
Posts: 33,248
i am going to show your post to my acct. i am self emp but i don't understand the concept of earned income credit. if you payed no income tax at all, you're a better man than i am gunga din.
JBG Offline
#24 Posted: Thu, Feb 28 2002, 6:34 PM EST
Joined: 01-21-2001
Posts: 145
"JJ28, Ok, I made up some of my previous post. But I'm just connecting the dots, filling in the blanks"........WELL ISNT THAT WHAT A GOOD LIBERAL IS SUPPOSE TO DO???????
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