$400 tax credit - Mothering Forums

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#1 of 50 Old 07-31-2003, 10:08 AM - Thread Starter
 
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Any of you doing anything interesting with the tax credit? I'm still upset that the government is sending out checks to everyone whether they need it or not when crucial programs are being cut. Part of me says - donate it. Part of me says don't cash it. Part of me says spend it.
Of course, everyone wants $400. But, not everyone NEEDS it to get by. Just curious. My husband said that if I was so against it I should have protested the budget proposals long ago. I live in Texas though - a lot of good that would have done me!
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#2 of 50 Old 07-31-2003, 10:12 AM
 
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Actually, we really needed it to pay bills.
If we didn't have money troubles, I'd have probably donated it.
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#3 of 50 Old 07-31-2003, 10:25 AM
 
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I am saving it and spending it. back to school clothes, supplies and tags for the car.

I look at it as being able to keep more of what i earned. the government isnt giving me anything. just more of the thousands they take out in federal income tax and social security. For instance, last month, they took $2750.00 out of my husbands check on the 30th. thats sick, just too much. hell, i could stay home on the amount they take out of his check (lets not get started on how much they take from my check).
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#4 of 50 Old 07-31-2003, 10:32 AM - Thread Starter
 
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I suppose giving money back to all the people isn't as bad as using all the money for weapons. My problem is they should be trying to help the people who need it most first. There need to be taxes - to help those most in need and for vital programs ... . Thing is this government is more interested in giving back to the rich and those in power than anything else.
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#5 of 50 Old 07-31-2003, 10:35 AM
 
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Just remember it is an advance on the credit you claim next year.......you can't claim the full $1000 now.

Mine is going to sit in the bank until tax time. I'm certainly not going to spend it all, like Shrub wants, in order to jump consumer sales around back to school. All they want to to make it appear the economy is recovering when, in fact, it has yet to reach bottom..............


Smoke and mirrors administration.




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#6 of 50 Old 07-31-2003, 10:40 AM
 
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Sigh. edited for extreme dorkiness.
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#7 of 50 Old 07-31-2003, 10:53 AM
 
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Everyone will need it to cover all the prgrams that are being cut or pushed down to the state and local level.
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#8 of 50 Old 07-31-2003, 10:58 AM
 
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The admin would love for me to spend the entire check in one fell swoop.

I have 3 going to school this year, I'll be buying notebooks and such too. I'm just not going to spend *that* money. ie, I'm not going to go hog wild and blow the wad because it is *free* money.
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#9 of 50 Old 07-31-2003, 11:01 AM
 
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I now know what and who Shrub is. Gosh, how do you all put up with me?.....ok, dont answer that!

I'm not going hog wild either. saving the rest, probably for christmas shopping!:
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#10 of 50 Old 07-31-2003, 11:08 AM
 
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*



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#11 of 50 Old 07-31-2003, 11:28 AM
 
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We got our $1,200 about a week ago! Part of it is going for the new washing machine that we need desperately and the rest will end up in savings.
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#12 of 50 Old 07-31-2003, 12:17 PM
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It's going in savings.
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#13 of 50 Old 07-31-2003, 12:52 PM
 
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I'm going to make a donation to the ACLU, the Dean campaign and NARAL.
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#14 of 50 Old 07-31-2003, 12:52 PM
 
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Well, I'm pissed about the refund too. I'd rather see the programs funded. I would have donated the money to charity, but alas I'm not getting a check since I still owed taxes from last year I'm paying off.
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#15 of 50 Old 07-31-2003, 12:55 PM
 
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#16 of 50 Old 07-31-2003, 12:58 PM
 
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We will probably buy something for our house (like a washer or fridge) if we ever find one we can afford, otherwise it will go into savings.

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#17 of 50 Old 07-31-2003, 01:03 PM
 
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We're still waiting for ours. We really need it, dp might be getting laid off and we're a few months behind on rent. Could there be any reason we havn't received ours; we did our taxes.
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#18 of 50 Old 07-31-2003, 01:33 PM
 
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mahdokht,
Why are healthcare companies excluding you?
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#19 of 50 Old 07-31-2003, 01:46 PM
 
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I'd just like to point out that this refund along with the other tax cuts that Bush has made has resulted in NEW massive federal debt so we will all be paying interest on this money and it's going to cost us in the long run.

Let's all jump for joy on that.

And that sucks about the health care thing. I agree so much for his "family values".
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#20 of 50 Old 07-31-2003, 02:08 PM
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Quote:
Originally posted by mahdokht
Since healthcare companies are permitted to exclude me from coverage as a pregnant woman and I don't qualify for state medical coverage, I have no options. That money is going for the birth of my baby.
T

WTF?? If your husband has health insurance through his work, and if his employer offers dependent coverage through that insurance, then you should have absolutely no problem whatsoever obtaining coverage (though, er, almost certainly not for a homebirth).

Edited to add: And if that IS in fact the case, yet the insurer is still refusing to put you on the insurance (or to cover the pregnancy, presuming you were previously covered by your husband's ins at his most recent job), then I know a good attorney who can take your case.
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#21 of 50 Old 07-31-2003, 02:40 PM
 
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You're right Marlena. When i was pregnant with my last baby, my husband switched jobs. No problems getting coverage, no "wait time", etc. I believe that health insurance companies can no longer refuse coverage because of pre-existing conditions pregnancy included.
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#22 of 50 Old 07-31-2003, 03:36 PM
 
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since he'll have to pay it back someday. Either that or I'll finance a simple Canadian vacation.

Wow sweetbaby, I wish my dh made that kind of $$. my dh grosses the amount your dh pays in taxes, and I'm an at home mom?

Darla, thanks for the welcomes!
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#23 of 50 Old 07-31-2003, 04:58 PM
 
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Haven't gotten it, but when it comes, will be sent immediately to DH's aunt, to pay her back for the loan she gave us to cover bills some time ago. Like electric bills, food bills, and subway Metrocards.

Sometimes paycheck2paycheck doesn't cut it, IYKWIM.



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#24 of 50 Old 07-31-2003, 05:24 PM
 
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Quote:
Wow sweetbaby, I wish my dh made that kind of $$. my dh grosses the amount your dh pays in taxes, and I'm an at home mom?
and your point is?
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#25 of 50 Old 07-31-2003, 05:39 PM
 
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I don't approve of Bush's tax cuts, but gosh darn it, we needed the money! We just got our check (for $1600) and I put it straight in the savings account, but most likely much of it will be withdrawn to pay for renovations done to our house. I did hire a really cool contractor who specializes in making houses more environmentally friendly, *and* who donates his time to travel to Haiti and build things like schools. I guess that's better than spending it at Wal-Mart.
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#26 of 50 Old 07-31-2003, 06:14 PM
 
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we havent gotten any check either...I wonder when? does anyone know anything about this refund, I think someone told me that only those who make more money (over $30,000 I think) will get it? If so that sucks..but whatcha gunna do.

I dont want Bush's blood money anyway...(and I'll keep saying that till I make myself believe it lol)
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#27 of 50 Old 07-31-2003, 06:14 PM
 
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#28 of 50 Old 07-31-2003, 06:31 PM
 
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I get it now. How unfortunate. And you cant get medicaid because you make too much $$?

Looks like you fall right between the cracks. Sorry.
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#29 of 50 Old 07-31-2003, 06:44 PM
 
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I heard that the checks are mailed out according to your ss#: lower numbers get their checks first. You get a letter from the IRS first, telling you that your check is coming.

As far as lower income people getting the checks, I think they do get something, but not a full $400 per child. A friend of mine has 2 children and their income is very low. Her check was for $150 rather than for $800.
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#30 of 50 Old 07-31-2003, 06:54 PM
 
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Quote:
Originally posted by sweetbaby3
and your point is?
My point is, wealth is a relative thing.
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