Comments on: Economic Stimulus – What’s in it for me? http://totalcandor.com/blog/2009/02/economic-stimulus-whats-in-it-for-me/ A Conversation About Income, Wealth, and the Steps in Between Thu, 18 Mar 2010 01:33:32 -0700 http://wordpress.org/?v=2.8.5 hourly 1 By: Michael http://totalcandor.com/blog/2009/02/economic-stimulus-whats-in-it-for-me/comment-page-1/#comment-136378 Michael Fri, 08 May 2009 15:21:00 +0000 http://totalcandor.com/blog/?p=439#comment-136378 @Janice: Yes and no. Theoretically, the reduced withholdings will have no impact to the amount you owe (or have refunded) next year because your overall tax liability will be reduced by the same amount. That said, if you were to manually override (by refiling Form W4) your withholdings, you could always increase or decrease your eventual refund by increasing or decreasing your withholdings. Most people should do nothing at this time as the dollars involved aren't big enough. @Janice: Yes and no. Theoretically, the reduced withholdings will have no impact to the amount you owe (or have refunded) next year because your overall tax liability will be reduced by the same amount. That said, if you were to manually override (by refiling Form W4) your withholdings, you could always increase or decrease your eventual refund by increasing or decreasing your withholdings. Most people should do nothing at this time as the dollars involved aren’t big enough.

]]> By: Janice Durant http://totalcandor.com/blog/2009/02/economic-stimulus-whats-in-it-for-me/comment-page-1/#comment-136273 Janice Durant Thu, 07 May 2009 21:44:26 +0000 http://totalcandor.com/blog/?p=439#comment-136273 If I receive more in my pay check does this mean I will not get back as big of a income tax refund I do not want to owe a tax on 4/15 If I receive more in my pay check does this mean I will not get back as big of a income tax refund I do not want to owe a tax on 4/15

]]> By: Sue http://totalcandor.com/blog/2009/02/economic-stimulus-whats-in-it-for-me/comment-page-1/#comment-135252 Sue Sat, 02 May 2009 22:46:00 +0000 http://totalcandor.com/blog/?p=439#comment-135252 13 bucks a week times 52 weeks is 676 bucks; I can do something with that... that's a month of rent for someone about to be evicted... We get a government retirement check and that was about 30.00 a month on top of it time 12 months 360 bucks. Combined with the 676 we were SUPPOSED to get (we were told we're not getting it by my husband's company as he doesn't qualify... but he does!), that's 1036.00 Doesn't seem like chump change when you look at it from that point of view. If I put that into a savings account, I could have a few more dollars. and in 10 years, it'd be doubled possibly. If you are poor or middle class, ever dollar does help. 13 bucks is a tank of gas a week for a non gas hog car driven moderately. 13 bucks is that extra pack of diapers you need when you run out at pay day. If everyone took that 13.00 a week and gave it to one foodbank in their community, my guess is they would be able to feed all the hungry. If everyone saved their money and donated in lump sums, my guess is they could spare millions who just needed that one more month to catch up on their mortgages. For me, i am not poor. However, my family is and still 676 dollars is covering most of the tax on that new car Obama wants me to buy. That money plus the other incentives from the dealer me to me I CAN afford finally to get a new car! It's all how you look at it. 13 bucks a week times 52 weeks is 676 bucks; I can do something with that… that’s a month of rent for someone about to be evicted…

We get a government retirement check and that was about 30.00 a month on top of it time 12 months 360 bucks. Combined with the 676 we were SUPPOSED to get (we were told we’re not getting it by my husband’s company as he doesn’t qualify… but he does!), that’s 1036.00 Doesn’t seem like chump change when you look at it from that point of view. If I put that into a savings account, I could have a few more dollars. and in 10 years, it’d be doubled possibly.

If you are poor or middle class, ever dollar does help. 13 bucks is a tank of gas a week for a non gas hog car driven moderately. 13 bucks is that extra pack of diapers you need when you run out at pay day.

If everyone took that 13.00 a week and gave it to one foodbank in their community, my guess is they would be able to feed all the hungry. If everyone saved their money and donated in lump sums, my guess is they could spare millions who just needed that one more month to catch up on their mortgages.

For me, i am not poor. However, my family is and still 676 dollars is covering most of the tax on that new car Obama wants me to buy. That money plus the other incentives from the dealer me to me I CAN afford finally to get a new car!

It’s all how you look at it.

]]> By: Michael http://totalcandor.com/blog/2009/02/economic-stimulus-whats-in-it-for-me/comment-page-1/#comment-114022 Michael Wed, 25 Feb 2009 19:41:39 +0000 http://totalcandor.com/blog/?p=439#comment-114022 @Colby: Time will tell but I'm as skeptical as you appear to be. Let's hope we're wrong. @Colby: Time will tell but I’m as skeptical as you appear to be. Let’s hope we’re wrong.

]]> By: Colby http://totalcandor.com/blog/2009/02/economic-stimulus-whats-in-it-for-me/comment-page-1/#comment-114017 Colby Wed, 25 Feb 2009 19:33:26 +0000 http://totalcandor.com/blog/?p=439#comment-114017 Dude that was awesome. Is 13 bucks really going to help others? With the cost of living jumping 5.4% and with thousands of people, who still have a job, will not receive a raise. I question where this will go. I know the govt. is basically giving us another $600 check but over a 1 year in time. How much benefit is it going to give people? From the sounds of it, I am one of the few that took that 600 bucks the first time and actually spent it on a vacation. But this time around, I more hesitent on stuffing it under the matress. Dude that was awesome. Is 13 bucks really going to help others? With the cost of living jumping 5.4% and with thousands of people, who still have a job, will not receive a raise. I question where this will go. I know the govt. is basically giving us another $600 check but over a 1 year in time. How much benefit is it going to give people? From the sounds of it, I am one of the few that took that 600 bucks the first time and actually spent it on a vacation. But this time around, I more hesitent on stuffing it under the matress.

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