Stimulus Tax Rebate Roller Coaster: From The Penthouse To Th

Way Back Jack · Joined: 22 Feb 2008 Posts: 1

My wife, the Warrior Princess, and I took early retirement in 1997.

BAD NEWS: Warrior Princess, cashed-in a tax-deferred pension
instrument which helped raise our adjusted gross income to $179K for
2007. That's too much income to qualify for a rebate. She should
have waited another year.

GOOD NEWS: Interest income of $44K is not counted; Qualifying income
is $135K. YAY!!!

BAD NEWS: Non-SSA pensions are not counted, so qualifying income
including wages, self-employment, and SSA = $0 and VA disability =
$1,300. Too little for a rebate. Boooooo!

BWAHAHA! Laughed my white ass off in the po' boy shithouse at the
unfolding irony.

Archived from group: alt>native

Alan B. Mac Farlane · Joined: 22 Feb 2008 Posts: 2

in article 47be3605.51676046@news.motzarella.org, Way Back Jack at
NukeIslam@org.org wrote on 2/21/08 6:40 PM:

> BWAHAHA! Laughed my white ass off in the po' boy shithouse at the
> unfolding irony.

ya ... those Bumfoxed Bama people see you happy at their expense !!!

I wanted a better future for them, but they wanted to hitch their wagon to
the Bro Jac Jammy Turd star.

All hail the GOPerps ...

Sad

Paul Thomas, CPA · Joined: 25 Aug 2007 Posts: 3094

"Way Back Jack" wrote
> My wife, the Warrior Princess, and I took early retirement in 1997.
>
> BAD NEWS: Warrior Princess, cashed-in a tax-deferred pension
> instrument which helped raise our adjusted gross income to $179K for
> 2007. That's too much income to qualify for a rebate. She should
> have waited another year.
>
> GOOD NEWS: Interest income of $44K is not counted; Qualifying income
> is $135K. YAY!!!
>
> BAD NEWS: Non-SSA pensions are not counted, so qualifying income
> including wages, self-employment, and SSA = $0 and VA disability =
> $1,300. Too little for a rebate. Boooooo!
>
> BWAHAHA! Laughed my white ass off in the po' boy shithouse at the
> unfolding irony.

All you've told me is that you won't get any pre-bate this summer. You can
take a few steps to qualify and get the additional money tacked onto your
2008 return (more of a refund or that much less due).

--
Paul A. Thomas, CPA
Athens, Georgia

Alan B. Mac Farlane · Joined: 22 Feb 2008 Posts: 2

Wait till you get a load of his Bumfoxed Alabama economic stimulus program
with their corn cob pipes ... the man is a real bubble boy with a diaper
poop wall wiper problem.

in article HCzvj.106908$L%6.50748@bignews3.bellsouth.net, Paul Thomas, CPA
at paulthomascpapc@bellsouth.net wrote on 2/22/08 4:55 AM:

>
> All you've told me is that you won't get any pre-bate this summer. You can
> take a few steps to qualify and get the additional money tacked onto your
> 2008 return (more of a refund or that much less due).
> Paul A. Thomas, CPA
> Athens, Georgia

Dragonlady · Joined: 24 Feb 2008 Posts: 7

"Paul Thomas, CPA" wrote in message $L%6.50748@bignews3.bellsouth.net...
>
> "Way Back Jack" wrote
>> My wife, the Warrior Princess, and I took early retirement in 1997.
>>
>> BAD NEWS: Warrior Princess, cashed-in a tax-deferred pension
>> instrument which helped raise our adjusted gross income to $179K for
>> 2007. That's too much income to qualify for a rebate. She should
>> have waited another year.
>>
>> GOOD NEWS: Interest income of $44K is not counted; Qualifying income
>> is $135K. YAY!!!
>>
>> BAD NEWS: Non-SSA pensions are not counted, so qualifying income
>> including wages, self-employment, and SSA = $0 and VA disability =
>> $1,300. Too little for a rebate. Boooooo!
>>
>> BWAHAHA! Laughed my white ass off in the po' boy shithouse at the
>> unfolding irony.
>
>
>
>
>
>
>
>
> All you've told me is that you won't get any pre-bate this summer. You
> can take a few steps to qualify and get the additional money tacked onto
> your 2008 return (more of a refund or that much less due).

The rebate is based on your *2007* tax return.

user · Joined: 24 Feb 2008 Posts: 1

Dragonlady wrote:
> "Paul Thomas, CPA" wrote in message
> $L%6.50748@bignews3.bellsouth.net...
>>
>> "Way Back Jack" wrote
>>> My wife, the Warrior Princess, and I took early retirement in 1997.
>>>
>>> BAD NEWS: Warrior Princess, cashed-in a tax-deferred pension
>>> instrument which helped raise our adjusted gross income to $179K for
>>> 2007. That's too much income to qualify for a rebate. She should
>>> have waited another year.
>>>
>>> GOOD NEWS: Interest income of $44K is not counted; Qualifying
>>> income is $135K. YAY!!!
>>>
>>> BAD NEWS: Non-SSA pensions are not counted, so qualifying income
>>> including wages, self-employment, and SSA = $0 and VA disability =
>>> $1,300. Too little for a rebate. Boooooo!
>>>
>>> BWAHAHA! Laughed my white ass off in the po' boy shithouse at the
>>> unfolding irony.
>>
>>
>>
>>
>>
>>
>>
>>
>> All you've told me is that you won't get any pre-bate this summer.
>> You can take a few steps to qualify and get the additional money
>> tacked onto your 2008 return (more of a refund or that much less
>> due).
>
> The rebate is based on your *2007* tax return.

and i'm getting back all of mine ,
cause i know what to give for answers

Paul Thomas · Joined: 25 Aug 2007 Posts: 775

"Dragonlady" wrote
> The rebate is based on your *2007* tax return.

But it's an advance on a 2008 credit - so if you don't get the full credit -
based on your 2007 data - you'll get the difference in 2008.

--
Paul A. Thomas, CPA
Athens, Georgia

Way Back Jack · Joined: 24 Feb 2008 Posts: 1

On Sat, 23 Feb 2008 21:49:51 -0500, "Paul Thomas"
wrote:

>
>"Dragonlady" wrote
>> The rebate is based on your *2007* tax return.

>But it's an advance on a 2008 credit - so if you don't get the full credit -
>based on your 2007 data - you'll get the difference in 2008.

>Paul A. Thomas, CPA
>Athens, Georgia

You're responding to an ignorant prairie woman who should spend more
time making quilts, baking fattening pies, and lecturing her grandkids
on the dangers of meth ... rather than delving into tax issues.

Dragonlady · Joined: 24 Feb 2008 Posts: 7

"%" wrote in message $FO1.5597@edtnps82...
> Dragonlady wrote:
>> "Paul Thomas, CPA" wrote in message
>> $L%6.50748@bignews3.bellsouth.net...
>>>
>>> "Way Back Jack" wrote
>>>> My wife, the Warrior Princess, and I took early retirement in 1997.
>>>>
>>>> BAD NEWS: Warrior Princess, cashed-in a tax-deferred pension
>>>> instrument which helped raise our adjusted gross income to $179K for
>>>> 2007. That's too much income to qualify for a rebate. She should
>>>> have waited another year.
>>>>
>>>> GOOD NEWS: Interest income of $44K is not counted; Qualifying
>>>> income is $135K. YAY!!!
>>>>
>>>> BAD NEWS: Non-SSA pensions are not counted, so qualifying income
>>>> including wages, self-employment, and SSA = $0 and VA disability =
>>>> $1,300. Too little for a rebate. Boooooo!
>>>>
>>>> BWAHAHA! Laughed my white ass off in the po' boy shithouse at the
>>>> unfolding irony.
>>>
>>>
>>>
>>>
>>>
>>>
>>>
>>>
>>> All you've told me is that you won't get any pre-bate this summer.
>>> You can take a few steps to qualify and get the additional money
>>> tacked onto your 2008 return (more of a refund or that much less
>>> due).
>>
>> The rebate is based on your *2007* tax return.
>
>
> and i'm getting back all of mine ,
> cause i know what to give for answers
>
You're in Canada. You don't get the rebate.

>

Dragonlady · Joined: 24 Feb 2008 Posts: 7

"Way Back Jack" wrote in message @news.prodigy.net...
> On Sat, 23 Feb 2008 21:49:51 -0500, "Paul Thomas"
> wrote:
>
>>
>>"Dragonlady" wrote
>>> The rebate is based on your *2007* tax return.
>
>>But it's an advance on a 2008 credit - so if you don't get the full
>>credit -
>>based on your 2007 data - you'll get the difference in 2008.
>
>>Paul A. Thomas, CPA
>>Athens, Georgia
>
> You're responding to an ignorant prairie woman who should spend more
> time making quilts, baking fattening pies, and lecturing her grandkids
> on the dangers of meth ... rather than delving into tax issues.

Showing off your ignorance again, Jack?

Dragonlady · Joined: 24 Feb 2008 Posts: 7

"Paul Thomas" wrote in message
news:%O4wj.101421$N67.73994@bignews5.bellsouth.net...
>
> "Dragonlady" wrote
>> The rebate is based on your *2007* tax return.
>
>
>
> But it's an advance on a 2008 credit - so if you don't get the full
> credit - based on your 2007 data - you'll get the difference in 2008.

*sigh*

I'm a tax accountant. If you do not file a tax return for 2007, you will
not get a rebate. That's where they are getting the qualifying names from.
You have to make at least $3,000 of qualifying income, you do *not* have to
pay taxes. Qualifying income includes social security, railroad retirement
and veterans pensions. It does not include pensions from IRA's and other
retirement plans, SSI, dividends, interest or capital gains income. The
rebate ranges from $300 to $600 per person. It is based on your *2007*
income, not 2008. It is a rebate, not an advance refund on next years
taxes.

Paul Thomas · Joined: 25 Aug 2007 Posts: 775

"Dragonlady" wrote
> I'm a tax accountant. If you do not file a tax return for 2007, you will
> not get a rebate.

Not in teh summer of 2008, no.

But there will be a refundable credit on your 2008 return that will account
for the amount of rebate you should have received above and beyond the
amount you actually received.

> That's where they are getting the qualifying names from. You have to make
> at least $3,000 of qualifying income, you do *not* have to pay taxes.
> Qualifying income includes social security, railroad retirement and
> veterans pensions. It does not include pensions from IRA's and other
> retirement plans, SSI, dividends, interest or capital gains income. The
> rebate ranges from $300 to $600 per person. It is based on your *2007*
> income, not 2008. It is a rebate, not an advance refund on next years
> taxes.

Wanna bet.

It's an advance on a 2008 credit.

Way Back Jack · Joined: 25 Feb 2008 Posts: 1

On Sun, 24 Feb 2008 15:46:42 -0600, "Dragonlady"
wrote:

>
>"Paul Thomas" wrote in message
>news:%O4wj.101421$N67.73994@bignews5.bellsouth.net...
>>
>> "Dragonlady" wrote
>>> The rebate is based on your *2007* tax return.
>>
>>
>>
>> But it's an advance on a 2008 credit - so if you don't get the full
>> credit - based on your 2007 data - you'll get the difference in 2008.
>
>*sigh*
>
>I'm a tax accountant. If you do not file a tax return for 2007, you will
>not get a rebate. That's where they are getting the qualifying names from.
>You have to make at least $3,000 of qualifying income, you do *not* have to
>pay taxes. Qualifying income includes social security, railroad retirement
>and veterans pensions. It does not include pensions from IRA's and other
>retirement plans, SSI, dividends, interest or capital gains income. The
>rebate ranges from $300 to $600 per person. It is based on your *2007*
>income, not 2008. It is a rebate, not an advance refund on next years
>taxes.

These guys are CPAs talking about concepts that transcend your HR
Block training.

Stick to your quilts.

Dragonlady · Joined: 24 Feb 2008 Posts: 7

"Paul Thomas" wrote in message $rc2.50137@bignews1.bellsouth.net...
>
> "Dragonlady" wrote
>> I'm a tax accountant. If you do not file a tax return for 2007, you will
>> not get a rebate.
>
>
> Not in teh summer of 2008, no.
>
> But there will be a refundable credit on your 2008 return that will
> account for the amount of rebate you should have received above and beyond
> the amount you actually received.
>
>
>
>> That's where they are getting the qualifying names from. You have to make
>> at least $3,000 of qualifying income, you do *not* have to pay taxes.
>> Qualifying income includes social security, railroad retirement and
>> veterans pensions. It does not include pensions from IRA's and other
>> retirement plans, SSI, dividends, interest or capital gains income. The
>> rebate ranges from $300 to $600 per person. It is based on your *2007*
>> income, not 2008. It is a rebate, not an advance refund on next years
>> taxes.
>
>
> Wanna bet.
>
> It's an advance on a 2008 credit.

That is NOT what the e-mails I received from the state, which administers
the rebate checks, say. Where are you getting your information from?

Dragonlady · Joined: 24 Feb 2008 Posts: 7

"Way Back Jack" wrote in message @news.motzarella.org...
> On Sun, 24 Feb 2008 15:46:42 -0600, "Dragonlady"
> wrote:
>
>>
>>"Paul Thomas" wrote in message
>>news:%O4wj.101421$N67.73994@bignews5.bellsouth.net...
>>>
>>> "Dragonlady" wrote
>>>> The rebate is based on your *2007* tax return.
>>>
>>>
>>>
>>> But it's an advance on a 2008 credit - so if you don't get the full
>>> credit - based on your 2007 data - you'll get the difference in 2008.
>>
>>*sigh*
>>
>>I'm a tax accountant. If you do not file a tax return for 2007, you will
>>not get a rebate. That's where they are getting the qualifying names
>>from.
>>You have to make at least $3,000 of qualifying income, you do *not* have
>>to
>>pay taxes. Qualifying income includes social security, railroad
>>retirement
>>and veterans pensions. It does not include pensions from IRA's and other
>>retirement plans, SSI, dividends, interest or capital gains income. The
>>rebate ranges from $300 to $600 per person. It is based on your *2007*
>>income, not 2008. It is a rebate, not an advance refund on next years
>>taxes.
>
> These guys are CPAs talking about concepts that transcend your HR
> Block training.
>
> Stick to your quilts.
>
I don't quilt, Jack. Nice to see you displaying your ignorance again.

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