Saturday, February 20, 2010

Anyone sent a letter to the white house yet for a delivery date on your new house and car?

Pay my mortgage and change my oil...I'll be happy!Anyone sent a letter to the white house yet for a delivery date on your new house and car?
In case you haven't had a chance to read the 1000+ page stimulus bill that was passed on Friday, Ron Lieber at the New York Times has highlighted some of the provisions that will directly affect the average American.





You must pay for your house and car, but you will get a break, if you are stimulated to buy:





Here's our summary of what Lieber has put together, supplemented with more details from the Associated Press:





* Tax credit of up to $400 for individuals, $800 for couples for 2009 and 2010. Figure your individual credit by taking 6.2% of your earned income. Note that your employer can adjust your withholdings so that the credit is returned to you over the year instead of all at once. The Associated Press says most people will see this in the form of a $13 bump in weekly paychecks starting in June, and dropping to about $7.70 a week for the duration of 2010.


* The $1000 child tax credit will be extended to more families, and if you're a poor family with three or more kids, you'll get an expanded Earned Income Tax Credit.


* No tax on the first $2400 of unemployment you receive in 2009.


* The government will subsidize up to 65% of your premium for Cobra coverage if you lost your job after Sep 1st, 2008. If you declined Cobra, you'll have 60 days to reconsider.


* $87 billion is going to help states administer Medicaid, which the AP notes ';could slow or reverse some of the steps states have taken to cut the program.';


* If you get food stamps, you'll get more.


* If you're drawing unemployment, expect to see $25 more per check, and the duration of the benefits has been extended.


* If you receive Social Security payments, you'll see a one-time extra payment of $250.


* If you buy a new car, light truck, recreational vehicle or motorcycle in 2009, you'll be able to deduct the state and local taxes you paid on it.


* If you add energy-efficient doodads to your home this year, you can get a tax credit to cover 30% of the costs, up to $1500.


* Pell Grants will increase slightly.


* The ';Higher Education Tax Credit'; will refund ';up to $2,500 of the cost of college tuition and other related expenses in 2009 and 2010. You'll need to spend at least $4,000 in a single year to get the full credit.';


* You can use withdrawals from a 529 college savings plan to cover computers and related technology and services for the first time in 2009 and 2010.


* First time home buyers who buy between January 1-December 1 2009 will receive a refundable tax credit of up to $8000, figured by taking 10% of the purchase price of your home. The credit doesn't have to be repaid, but you do have to keep the home for at least 3 years.


* The amount of pre-tax income you can set aside through your employer for public transit will increase to $230 a month (equivalent to what you can set aside if you drive).


* The Alternative Minimum Tax has been set aside for another year.


* $3.7 billion will go to local police programs, mostly for hiring new officers.


Many of these tax credits fade out if you make over $75,000 annually, or $150,000 as a couple.Anyone sent a letter to the white house yet for a delivery date on your new house and car?
Nope, I'm not eligible since I don't get Welfare, Food Stamps, I don't have a Toxic Mortgage or Massive frivolous debt. I don't live in Government Housing, I have a job and I'm immune to sickle cell anemia. If I was an endangered mouse species in Nancy Pelosi's back yard I would get cash - but since I'm not - I'll have to overcome my problems to get the ';goodies';
A. Woman at Obama town hall says she's homeless





B. Someone else, not Obama, buys her a house





C. Republicans post questions like this one, because they're so smart and know what's going on in the world
No, the guy that was going to do that, He said it on the second debate, John McCain lost the election.
I got an email from the White House today. It said you were naughty this year, no new house or car for you.
Sometimes the lameness of these questions surprises me. For as long as I've been playing here you would think I'd be over it.
No one told me you had to send a letter to gat all the freee stuff lik tat


Tat sonds lik heard wrk will uall do 4 me
Not yet. I didn't get one for my house, KITCHEN, or car. The White House is slacking off! Hahahah!
No, but that is a fabulous idea!
Sorry, just bought a new VW a few months ago.
I wrote one, I told them I just wanted a new Horse. Is that too much to ask?





No answer yet, of course.
Yes. I already received mine. They said they were holding off on delivery to uneducated racist redneck liars.

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