Thursday, February 14, 2008

ECONOMY-- 19-- How Bush's stimulation payments work

QUOTE
The bill works by reducing the tax code's 10 percent bracket on the first $6,000 of taxable income to zero for 2008. That 10 percent of the first $6,000, $600, will come back to you as a check in advance, probably sometime in May. That check will basically be a "prebate" on a temporary tax cut that will be enacted next year. So, since the new zero percent tax on the first $6,000 of your income will have already been taken care of, when you go to file your taxes in 2008, everything will seem normal and you will be eligible for the same refund amount as always. The rest of your income will be taxed as usual." (6)
UNQUOTE
Source- [+]

My comment--

Larouche ridicules the stimulation-- as do many others. The world's financial/monetary system is coming down. It's not about subprime mortgages. It's far worse-- and there's no bottom. There are solutions-- but they're based on the ideas of FDR-- if these are not put into place, it's very possible that the US and the world will spiral down-- and the "sustainability" of 6.5 billion people will collapse-- because without paying attention to the physical economy, 90% will die. This is real. This is not a test-- it's not conspiracy theory.

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