Tax Rebate Checks

[chippa13 1844]

I'm considering spending mine on those big seats behind home plate for a Sox game in Tampa.

[JR97 2]

Also with this "the government is borrowing money from the Fed" and "interest-free loan to the government" nonsense: 1. $6 trillion in national debt already, I don't think this is doing a whole lot of damage in the grand scheme of things. and 2. Everybody gets the same deal on their returns, income tax is inevitable, so get used to it or move to Saudi Arabia or something.

How is it nonsense?

Fiscally, the damage just adds to the fact that every dollar borrowed from the Fed devaluates every dollar in your pocket. It's called inflation. Inflation isn't really rising prices... it's too much money in circulation resulting in less purchasing power of that money.

In the grand scheme of things the stimulus package is just one more bucket full of water into the great flood of Fed borrowing. But it's the fact the people are being sold a bill of goods that $600 is going to stimulate the economy is just ludicrous. No rebate package has ever done anything for the economy. Look it up. All the while Wall Street is getting bailed out to the tune billions for irresponsible investing practicing with tax payer money. Either rob more social programs or just borrow more from the Fed increasing inflation. That is what is nonsense.

Under the current privatized central banking system, federal income taxes are inevitable. But that doesn't give the gov't free reign for bs spending just to get elected.

[Jarick 5]

Yes, printing more money just reduces the value of money. It's a publicity stunt for a government that has some of the lowest approval ratings (both president and congress). But I'll still take that devalued money and pay down my credit card.

[chippa13 1844]

Also with this "the government is borrowing money from the Fed" and "interest-free loan to the government" nonsense: 1. $6 trillion in national debt already, I don't think this is doing a whole lot of damage in the grand scheme of things. and 2. Everybody gets the same deal on their returns, income tax is inevitable, so get used to it or move to Saudi Arabia or something.

How is it nonsense?

Fiscally, the damage just adds to the fact that every dollar borrowed from the Fed devaluates every dollar in your pocket. It's called inflation. Inflation isn't really rising prices... it's too much money in circulation resulting in less purchasing power of that money.

In the grand scheme of things the stimulus package is just one more bucket full of water into the great flood of Fed borrowing. But it's the fact the people are being sold a bill of goods that $600 is going to stimulate the economy is just ludicrous. No rebate package has ever done anything for the economy. Look it up. All the while Wall Street is getting bailed out to the tune billions for irresponsible investing practicing with tax payer money. Either rob more social programs or just borrow more from the Fed increasing inflation. That is what is nonsense.

Under the current privatized central banking system, federal income taxes are inevitable. But that doesn't give the gov't free reign for bs spending just to get elected.

So, can I spend the $600 or not?

[chef_ducky 0]

Does anyone know what the amount you have to file for taxes in Canada?

[Stampeder 2]

Take your T4 to an accountant and ask. Your parents will likely know anyways.

[RadioGaGa 162]

Does anyone know what the amount you have to file for taxes in Canada?

You can probably get an answer here: http://www.cra-arc.gc.ca/menu-e.html

But, seeing as how taxes are due today, it might be a busy site.