This economy Stimulous for dummies... (1 Viewer)

[Saint_Kyle]

Do I get any money if I'm only 16 years old?


I mean, I had a job, and I paid taxes too, right? :dunno:

 

[blackadder]

We don't borrow money from the Chinese. WE borrow from the Federal Reserve System at their discount rate.

As far as I know, the money we will receive in May-Aug (whenever), is not taxable. Seems to me that taxing an economic stimulus payout would be counter-productive. So naturally, taxing it would make sense to the federal government.

We do. We sell T-bills to China and that money makes up the gap between what we tax and spend/consume and save.

http://www.epi.org/content.cfm/Issuebrief203

 

[City Champ]

Bread and Circuses. We are becoming more like ancient Rome everyday. Keep the plebs happy with trinkets and maybe they won't notice what a horrible job their government is doing. I hope people take the money and still vote their sorry ***** out.

+1

 

[cruize]

.........and be sure and vote Republican in the next elections, wink, wink.

 

[NCSaint]

Bread and Circuses. We are becoming more like ancient Rome everyday. Keep the plebs happy with trinkets and maybe they won't notice what a horrible job their government is doing. I hope people take the money and still vote their sorry ***** out.

Post of the year my friend. So true and pathetic at the same time.

I am really for the first time trying to seriously figure out away to hide from them. Problem is I can't figure out away.

http://www.thomasjamesmartin.com/breadcircus.htm