Comments on: Is the economic stimulus package a loan?

By: Stimulate Rebate Spend? Save? | rocket finance

Stimulate Rebate Spend? Save? | rocket finance — Tue, 27 May 2008 14:50:21 +0000

[...] Glbl guy asks for advice on how to spend his check. I wonder if he will tell us his decision after it arrives? Glbl guy also has a useful article that emphasizes the fact that you will not have to repay the stimulus check, it is not a loan. [...]

By: When Will You Get Your Early Economic Stimulus Rebate Check?

When Will You Get Your Early Economic Stimulus Rebate Check? — Wed, 30 Apr 2008 09:05:26 +0000

[...] If you are confused about whether this rebate is actually a loan then this post should clear things up. [...]

By: glblguy

glblguy — Wed, 23 Apr 2008 00:37:37 +0000

Kristen, no it won’t impact your return for next year. You’ll will get the incentive independent of your next years return.

In your case, you’ll receive $900 this year, and then your normal refund of $1000.00 next year.

By: Kristen

Kristen — Tue, 22 Apr 2008 20:07:25 +0000

While I understand that it is not technically a loan, from what I understand from reading the information above, it’s deducting it from whatever my refund would have been next year. For example, if I am supposed to get $1000 back next year, but I receive $900 from the economic stimulus plan, then I would only receive $100 back. Is this correct?

By: timmay

timmay — Sat, 12 Apr 2008 03:55:39 +0000

Dan, i am sorry but i strongly disagree with you. (with all due respect) Do you really think the government is trying to keep us safe. They care less about our safety, they only care about themselves and their money. They have us so wrapped up in the mainstream media, Americans have no idea what is happening right in front of our very eyes. It is so crazy how ignorant Americans really are. I just recently spent 6 months in the UK. I was watching the nightly news and they played a clip of George Bush speaking in his puppet like tone of voice. I gotta tell ya, i was completely embarrassed listening to him. I had to leave the room.( i know i am completely off the subject of this page) Awareness is key. Americans must be prepared for what we have in store and what the government has planned, for it is not the safety of American citizens.
If you are curious as to what i am talking about, do the research, i have one phrase ‘North American Union’ (ever heard of the European union?)

By: Saturday Roundup-Getting Organized Edition |

Saturday Roundup-Getting Organized Edition | — Sun, 30 Mar 2008 05:19:43 +0000

[...] Is the Economic Stimulus Package a Loan? at Gather Little by Little [...]

By: incentive federal interest loan stimulus - Web - WebCrawler

incentive federal interest loan stimulus - Web - WebCrawler — Wed, 26 Mar 2008 11:21:12 +0000

[...] today! Sponsored by: http://www.FindStuff.com [Found on Ads by Ask.com, Enhance Interactive] Is the economic stimulus package a loan The economic stimulus package is a tax rebate that more than 130 million ….. Using secured [...]

By: TFB

TFB — Wed, 19 Mar 2008 14:20:11 +0000

The “don’t have to pay it back” part refers to the fact that if you received more than you are entitled to, you don’t have to pay back the difference. In my examples, person A paid back the loan on the 2008 tax return. Person A receives $1,000 tax refund instead of $1,600 which person B receives. Granted it’s not smaller than what it would be without the tax rebate law, but it is smaller than what it otherwise would be if he/she didn’t receive the rebate.

By: Deamiter

Deamiter — Wed, 19 Mar 2008 12:23:12 +0000

We don’t have to pay it back? When the government is running hundreds of billions of dollars in the red and they give taxpayers $150 billion, now they’re even further in the red.

Who do you think will end up paying for government deficits? Our government pays interest on all this money they’re borrowing (largely through treasury bonds) so we’ll end up paying it back with interest either through increased taxes or reduced services (probably both). If it walks like a loan and quacks like a loan…

By: glblguy

glblguy — Wed, 19 Mar 2008 09:56:47 +0000

@TFB – How is it a loan if you don’t have to pay it back? They are just giving you the money early.