Coolbreezing 0 Posted March 22, 2008 Share #1 Posted March 22, 2008 We noticed that president Bush offered a stimulus credit to help boost the economy. The idea is that by spending that money you are helping the economy, which is merely the truth. Just because we spent more does not mean the economy is doing well ....it is where we got that stimulus money to spend in the market that matters. As citizens, it is our right to know whose going to pay for it. The reason why citizens are skeptic about this stimulus money is because their don't know where it's coming from. Some say it is a money that is lend at now interest but you will have to pay it back from the 2008 tax return. Others are saying that its free money you will not have to pay it back. And some one else said that it's 10% off our tax bracket plus your status. I tend to agree with that person. because if you think about it, the money ranges from $300.00, $600.00 and the max $1200.00. If you married with one kid you'll get an extra $300.00, if you single you don't get that $300.00. but none the less, the 10% will range from $300.00 - $1200.00 depending on your tax bracket. Your tax bracket is the percentage that the IRS takes off your income. The more you makes the higher your tax bracket. So in essence what the IRS did was lowering your tax bracket. So for example if last year your tax bracket was at 30% they can lower it 20% which mean they tax you less this year. That is why it's free money ...because you already pay for it when they lower your tax bracket. This to me makes more sense because I refuse to think that the IRS will gives us free money. I hope that help you understand where that free money coming from. Link to comment Share on other sites More sharing options...
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