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If Uncle Sam Gave you $800 - Page 3

Poll Results: What would you do with $800 from the government

 
  • 0% (0)
    Refuse it
  • 44% (153)
    Pay to credit cards/car/consumer debt
  • 3% (11)
    Pay to medical bills
  • 16% (58)
    Pay to Emergency Fund
  • 8% (29)
    Pay to catch up bills (gas, electric, etc) that are behind
  • 8% (28)
    Buy something we need
  • 5% (20)
    Buy Something we want
  • 2% (8)
    Pay to student loans
  • 11% (40)
    Other
347 Total Votes  
post #41 of 136
I voted pay off consumer debt. If it's paid off by the time we get the economic stimulus money (which is a possibility), I'd put the money in savings.
post #42 of 136

I voted other...

First I would take my kids and we would go grocery shopping and fill up our fridge,freezer and stock our pantry..And there wouldn't be one box of mac and cheese or ramen noodles in the mix.

Then I would buy my kids one really cool inexsensive toy that they have been wanting..

Then I would buy a couple of gift cards for next years HH thread to give back what was given to us this year..

And if anything was left(I am sure there would be as I am the thrifty queen)I would put it in the emergency fund(probably for the next electric bill).


It would definitly be nice to get a surprise check in the mail like that.
post #43 of 136
I'd use it to get the house ready to put on the market. We need to get this place sold!
post #44 of 136
Quote:
Originally Posted by normajean View Post
it would be targeted toward only "lower income" which from what I've seen is being defined as under $80,000
holy wow...lower income is defined as under $80K a year????? then i don't think a single soul i know IRL is above "lower income" ::

i just wanted to take note that nobody yet has voted "refuse it"
post #45 of 136
Quote:
Originally Posted by Krystal323 View Post
holy wow...lower income is defined as under $80K a year????? then i don't think a single soul i know IRL is above "lower income" ::

i
Yeah, that doesn't seem right. Middle income maybe.
post #46 of 136
Quote:
Originally Posted by b&c'smama View Post
I HATE that the government is doing this! It's like giving a bandaid to someone who needs open heart surgery. We (the average American, that is) are in way too much debt, already buy way too much (which is why we're in debt). Our entire economy is based on consumption. What does our govt want to do?... encourage us to buy more... I think its insane!

I will take the money... but I will put it in kids college funds. I refuse to spend even one dime of it on more consumer crap because that is exactly what
Bush wants me to do!
: ITA with you. I would put it into DS's savings account.
post #47 of 136
I put Efund, even though it would fill our efund with a little extra, so the extra would pay off 1 debt also!!
post #48 of 136
Quote:
Originally Posted by Piglet68 View Post

btw, don't you guys find it sad that the whole point of that "bonus" is to get people spending more money, when the average consumer is already spending more than they have? this thread is home to the few who would use that money responsibly, and that would actually defeat the government's plan for that money (which is to get you to buy stuff).
I agree, very strange incentive!
post #49 of 136
I chose other...it would go to savings or in with other investments
post #50 of 136
Oooh... I hope this happens. I would pay down consumer debt!

$1600 would be nice.

When?
post #51 of 136
Looks like it would probably be August...

The article I read said that 40% of families would get a reduced amount or none at all and the majority of those are families of 4 making between $25k-40k. The theory being that these are the families who are paying the least income tax and already recieving refunds - so the less tax you pay the less you get back, and the more you pay the more you get back - more for the rich. They said the dems would like to see it across the board, and they gave a couple options on how it could be done so that happened. Anyway, we didn't get it when he did it last time and we won't this time either unless they do it differently We paid $0 in tax.
post #52 of 136
Quote:
Originally Posted by GooeyRN View Post
I would argue to save it, dh would argue to buy more ammo. He is stocking up before a democrat gets into office and starts banning stuff. (yup, were rednecks)
laughup

Are our Dh related??
post #53 of 136
Buy something we want. We are getting a large tax refund this year and have already divided that money up into paying off medical bills from DH's recent operation, emergency fund and a the rest to a home improvement loan. If we end up getting the 1600 I would like to buy furniture although I am sure DH would like to buy a giant tv or something of that nature. Maybe we'd get a swingset for the backyard? It's fun to think about (even though I agree the whole thing seems ridiculous to me- I'd rather see the money go to boost the programs that are being cut so much they are barly able to stay afloat)
post #54 of 136
Quote:
Originally Posted by aliah79 View Post
Looks like it would probably be August...

The article I read said that 40% of families would get a reduced amount or none at all and the majority of those are families of 4 making between $25k-40k. The theory being that these are the families who are paying the least income tax and already recieving refunds - so the less tax you pay the less you get back, and the more you pay the more you get back - more for the rich. They said the dems would like to see it across the board, and they gave a couple options on how it could be done so that happened. Anyway, we didn't get it when he did it last time and we won't this time either unless they do it differently We paid $0 in tax.

Oh, of course. This is another great plan under the almighty GWB.
post #55 of 136
Thread Starter 
Quote:
Originally Posted by aliah79 View Post
Looks like it would probably be August...

The article I read said that 40% of families would get a reduced amount or none at all and the majority of those are families of 4 making between $25k-40k. The theory being that these are the families who are paying the least income tax and already recieving refunds - so the less tax you pay the less you get back, and the more you pay the more you get back - more for the rich. They said the dems would like to see it across the board, and they gave a couple options on how it could be done so that happened. Anyway, we didn't get it when he did it last time and we won't this time either unless they do it differently We paid $0 in tax.
Since its a tax rebate, it only makes sense that if you don't pay taxes you wouldn't get one. We didn't have to pay any taxes for the first 5 years we were married, and it was wonderful. We usually got back more than we had paid because of credits like EIC. Free money from the government every year.

Now we have a pretty hefty tax bill and see very few breaks, this would be great. Additionally, I have read a few articles saying that this rebate would likely be capped around $80,000. If you make more than that, you wouldn't get anything. So its not more for the rich, but more for the middle class who are the most likely to spend it on stuff and actually boost the economy.
post #56 of 136
97.6% of taxes are paid by the top 50% of income earners.
86.0% of taxes are paid by the top 25% of income earners.
39.0% of taxes are paid by the top 1% of income earners.

It's not as if "the rich" are not paying taxes.
post #57 of 136
Quote:
Originally Posted by GooeyRN View Post
I would argue to save it, dh would argue to buy more ammo. He is stocking up before a democrat gets into office and starts banning stuff. (yup, were rednecks)

ROFL!

That's what my husband said. Actually it was, "That's my gun right there."

We're still hashing that one out. (I *am* one of those crazy democrats!)
post #58 of 136
I don't see why people who make $80,000 are not considered middle class. What makes a family of 10 that makes $80,000 any richer than a married couple with no children that makes $20,000?
post #59 of 136
definitely savings
post #60 of 136
As nice as it would be to just save it or do something fun with it, we are so deep in debt it would best be applied to some personal credit card relief!
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