What The Older Folks in Our Lives Should Know About the Tax Rebate

For sharing with your folks, grandma, whoever.

Something I haven’t heard discussed on any of the news pieces regarding The Great Tax Rebate of ’08 is what it means for folks who don’t file taxes: specifically those retired and collecting income from Social Security. Rebates are being sent to those who filed taxes in 2007…so if you’re retired, you’re SOL?

Not so! “Many people who receive Social Security benefits are not required to file a tax return. But they need to this year to get the stimulus payment. Many can use the simpler Form 1040A. ”

In other words, call your momanem and let them know to either call the IRS @ 800-829-1040 or be a peach and go download the form for them (and help them fill it out).

5 Comments so far

  1. Reco (unregistered) on February 27th, 2008 @ 12:18 pm

    So if you don’t pay income taxes, you’re STILL eligible to get this rebate? Allow me to rant a little here. Goverment math is one of the most ridiculous things I have ever attempted to understand.

    …And where is the money coming from anyway? If there was enough money to rebate people in the first place, shouldn’t they have done it even without fear of an impending recession?!

    It’s also funny that they WANT people to get the rebate and immediately spend it to "stimulate" the economy. What about investing it or saving it… It’s the same old math that wants to spend other people’s money on healthcare rather than prevention.

    I see this as part of a much larger issue. I wrote this on a blog awhile ago…

    "Also, it is time to stop excessive taxation. The founders would not have put up with anyone telling them how to spend their hard earned money. Why are we? It is time to take personal responsibility for our finances, so that we can see clearly how to remove the beam of financial irresponsibility from our government once and for all.

    True responsibility lies not in the hands of the federal government to take care of its citizens, but in the hands of WE THE PEOPLE to take care of each other."

    We have given our government the authority to protect our liberties. We did not give our government the authority to take from other’s pockets to give to things the government deems important.

    I’m sick of this thinking that says if someone else doesn’t have something then it’s the government’s responsibility to help that person out. No…it’s OUR responsibility to help them out. If you don’t like something, put your money and time where your mouth is. Don’t expect Uncle Sam to forcefully make everyone else pay for issues through taxation even if they don’t deem it important and it’s not a clear violation of someone’s civil liberties.

    Or maybe I’m just pissed because I’m concerned I won’t get a rebate… Okay, I’ve satisfied my ranting urges.


  2. james (unregistered) on February 27th, 2008 @ 3:27 pm

    hah hah…reco this isn’t a ‘rebate’ – that’s a total misnomer. everyone who filed a return whether they paid taxed or not is getting it (unless of course you made too much.) not much of a rebate. it is just a cash transfer.

    and you know where our government is going to get the money. we borrowed it from china. welcome to the us where the government borrows money from the chineses to give to consumers to buy things made in china, because they don’t have any money after using too many credit cards funded by chinese banks to buy more stuff made in china.

    or maybe i am being paranoid? or maybe i am also pissed because i won’t be getting a rebate.


  3. Fiddlin' (unregistered) on February 27th, 2008 @ 9:56 pm

    I am not getting a rebate, but I’d be opposed either way. Capitalism has the nasty downside of destroying capital. Sorry if you bought a house for more than you can afford, but that that’s between you and whoever ended up with your mortgage. I saw a poll today that said the majority of recipients planned to save their checks from the gubmint. The government would be better off issuing bulldozers to citizens so that they could tear down the oversupply of housing.


  4. Fiddlin' (unregistered) on February 27th, 2008 @ 9:57 pm

    I am not getting a rebate, but I’d be opposed either way. Capitalism has the nasty downside of destroying capital. Sorry if you bought a house for more than you can afford, but that that’s between you and whoever ended up with your mortgage. I saw a poll today that said the majority of recipients planned to save their checks from the gubmint. The government would be better off issuing bulldozers to citizens so that they could tear down the oversupply of housing.


  5. maigh on March 3rd, 2008 @ 9:03 am

    Wow. There’s a whole lot of bitter up in heeeya.



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