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Two Questions about the Economic Stimulus Payments email this discussion to a friend?

myLot reputation of 98/100. katiedoubleu (2953)   ranked 136 out of 37,951 in life1 year ago

After waiting a LOOOONG time and watching others receive payments, our SSN number finally came up for a July 11 payment. thumbup We got the letter yesterday saying to watch for it "by" the 11th.

So question one... was your payment right on the date they gave, or early? Late? If so, how late?

Second question is did you actually use it to stimulate the economy and buy goods and services with it?

For my friends outside the USA, has your country ever done a stimulus program like this?

 
 
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DonnaLawson (2800) response was accepted on 7/11/2008.
denotes best response.
tags:  money, taxes, irs, stimulus checks, stimulus payments
 
1. myLot reputation of 89/100. desertdarlene (5842)   ranked 763 out of 37,951 in life   1 year ago

I actually got a letter after the date I was supposed to receive my money. It was weird, too. Then, not only did my money not come on that date, it came almost a month later. I mostly had to watch my status on the IRS.gov site. It said my payment was delayed, perhaps because I filed an amendment. I finally got the money more than a month after I was supposed to get it according to their schedule. So, I have it and I'm happy. I have heard some people say that they had theirs withheld for back taxes that they say they didn't even know about, though, but it's rare.


myLot reputation of 90/100. lloydanthony111 (1178)   ranked 793 out of 37,951 in life  1 year ago

Hello desertdarlene.

I am one of those whose stimulus check was withheld for back taxes.

No where in all their information did they say that would happen.

With so many people owing back taxes, it's no wonder why the economy haven't been stimulated.

Lloyd


myLot reputation of 98/100. katiedoubleu (2953)   ranked 136 out of 37,951 in life  1 year ago

I'm very glad that you received your money even if it was so late! I'm hoping I will have it before the weekend so that I don't need to check into why it's late.

I'm always a little shaky about filing online but I've done that a number of years now and everything's been fine, luckily, so I hope this is, too.


myLot reputation of 89/100. desertdarlene (5842)   ranked 763 out of 37,951 in life  1 year ago

If you check on the IRS website, it will tell you if it's definitely coming. About a week before they actually deposited it, I got a notice saying to look for it.

Lloydanthony11, it is a little strange that people would owe taxes and not know it. Most of the people I know who have had this happened had their taxes done by a third party. I don't know if that makes the case for doing your taxes yourself or not, but it makes me wonder. I know it mentions in the website something it somewhere.


myLot reputation of 98/100. katiedoubleu (2953)   ranked 136 out of 37,951 in life  1 year ago

Hi Lloyd... do you mean that you didn't know you owed taxes in the past? Oh, and you might want to answer this in a new response so you'll get credit for a reponse counted. happy


myLot reputation of 90/100. lloydanthony111 (1178)   ranked 793 out of 37,951 in life  1 year ago

What happened was that I made a withdrawl from my 401K. It was not reported when I did my taxes. We caught the error and I was given time to pay the taxes on the funds I took out of my 401K.

Before I even finished paying it back, the IRS payed it back for me by using my stimulus check.

It's really no big deal. It had to be paid back one way or another.

Lloyd

Will Stimulus Work? Or Lead To Another Crash? New Book By Hunter Lewis www.WhereKeynesWentWrong.com
 
2. myLot reputation of 65/100. BCMike (3316)   ranked 3,508 out of 37,951 in life   1 year ago

Not that big. We in BC Canada just got a $100 per person Climate Action Dividend. That was the money or provincial government dished up to make up for the multiple millions that are going to be tacked onto everything we buy in BC because of Premier Gordon Campbell's "CARBON TAX" on energy. It is a tax on fuel.
You can however watch. Because this tax will be coming to a government near you in the guise of a "GREEN INITIATIVE". It is a money grab by governments that are wasteful and lusting for your money.
It is part of my platform, that if my party is elected to govern in BC, that I will KILL this tax instantly and permanently.
And, after empowering the people of BC so that they will have final authority over ANYTHING a politician does, it will likely never be instituted again, even after we as a governing party are long long gone. Just as it should be.
www.electmikesummers.com

Thanks for your support.
Mike


myLot reputation of 98/100. katiedoubleu (2953)   ranked 136 out of 37,951 in life  1 year ago

A tax on fuel... well if THAT'S not adding insult to injury with it already so high!

Sounds as if BC needs a guy like you at the helm, Mike! When's the election?


myLot reputation of 89/100. desertdarlene (5842)   ranked 763 out of 37,951 in life  1 year ago

We already have ton of environmental taxes on our gas here in California. That's one reason why our gas prices are a bit high. So, it wouldn't be anything new here.


myLot reputation of 65/100. BCMike (3316)   ranked 3,508 out of 37,951 in life  1 year ago

Election is May next year. I'm working as hard as a poor boy can. (That's a guiltless money begging line as you can getwhistle)

Darlene, we got taxes now BEFORE this carbon tax went on. Now we have a NEW tax on an already taxed item. This is TAX ON TAX by the same government.

I'm all for a flat tax.

You know the EZ2DO tax form?

How mucha monee you make a dis year? Tella U whata we gonna do fo' U? We take just 10%. No Ques-chuns axed froma U.
U sen' in da money, we won' send you Vido the collector.


myLot reputation of 97/100. DonnaLawson (2800)   ranked 5,698 out of 37,951 in life  1 year ago

Can I vote for you, or would you consider coming to the states, we need someone else other than what we have to choose from.. I may have to move to Canada just to vote for someone whom I can believe in.. Good luck to you, hope you go all the way..


myLot reputation of 65/100. BCMike (3316)   ranked 3,508 out of 37,951 in life  1 year ago

whistleOh my.... Is that my hand out???blush

How does Barak do it?

Stimulus Plan, Create Your Own Earn As Much As You Want, Anywhere You Want. Own A Portable Biz www.Empowering-YOU.com
 
3. myLot reputation of 97/100. DonnaLawson (2800)   ranked 5,698 out of 37,951 in life   1 year ago

We did get ours on time and boy, did it ever come in handy.. We didn't do much to stimulate the economy, but we did pay off our van that we were close to having paid off and we bought a weeks supply of groceries.. It wasn't much but I did my part for the country.. It will take more than this little drop in the bucket to stimulate our economy, despite what our old "prez" says or thinks..


myLot reputation of 98/100. katiedoubleu (2953)   ranked 136 out of 37,951 in life  1 year ago

Hey Donna... good morning! It's encouraging to hear that you got your payment in time. happy

Seems to me that paying off the van was stimulation because it helped the entity that received the payment, and extra groceries surely put money into the enonomy... good to hear.

I think a bunch of little drops in a bucket will fill the bucket eventually. (and yes, I'm a pollyanna):-)

Signed KatiePolly lol


myLot reputation of 97/100. DonnaLawson (2800)   ranked 5,698 out of 37,951 in life  1 year ago

Katie, if that is being a Pollyanna, then my mom was also.. She passed away about 17 months ago and I do miss her so much but I can still hear her saying, "Every little bit helps, said the old woman as she peed in the ocean".. I always got a big kick out of her when she said that, I have always heard that "every little bit helps" but never in this fashion.. Have a great day.


myLot reputation of 98/100. katiedoubleu (2953)   ranked 136 out of 37,951 in life  1 year ago

lol Your mother had a fun sense of humor.

Well, I was expecting the check today but I guess they were just sent out today so I'm a little bummed considering I was going to cash it in the morning and get some groceries.

Oh well, next weekend.

Hehehe Can't get that ocean visual out of my mind now... TMI. hehe


myLot reputation of 97/100. DonnaLawson (2800)   ranked 5,698 out of 37,951 in life  1 year ago

She lived through the depression, so she knew how much every little bit helped.. Have a great day.

Economic Stimulus Plan Info on tax incentives, individual assistance, industry programs. trackthestimulus.com
 
4. myLot reputation of 65/100. ebhjboo (108)   ranked 12,473 out of 37,951 in life   1 year ago

We got ours right on schedule in May. It came in handy for paying the bills since my husband had been out of work for 6 months because of the bad economy, especially in this part of the country. I guess our contribution of buying goods came in the form of groceries and making sure that our mortgage was paid on time.


myLot reputation of 98/100. katiedoubleu (2953)   ranked 136 out of 37,951 in life  1 year ago

Ah yes, it sounds as if the timing was perfect for you! And yep, groceries are definitely "goods." happy Glad to hear it was on time, too... I'm still expecting ours on Friday.

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5. myLot reputation of 90/100. Residual (849)   ranked 2,735 out of 37,951 in life   1 year ago

glad to hear you are receiving yours so late. I did direct deposit so I got the letter after It was deposited into my account and didn't realise it was there.

Some people still haven't gotten there's yet and the irs made some errors on some.
I wonder what they are going to do about that?

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6. myLot reputation of 65/100. anniepa (9158)   ranked 1,645 out of 37,951 in life   1 year ago

I got mine back in May, so now it's but a distant memory...lol! We had ours deposited into our bank account and it was there the exact date they said it would be. Actually, we got our letter after we'd already gotten the money. Ours went to pay our bill for heating oil. I've heard some reports that the stimulus had done some good but that's obviously only a very temporary "fix". When you think about it, these checks are very tiny drops in what must be a huge bucket!
Annie

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