03-24-2008, 08:15 AM
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#6 of 67 
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Member
Location: Poughkeepsie, N.Y.
Join Date: Feb 2002
Local Time: 02:06 AM
Local Date: 10-11-2008
Posts: 1,210
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Re: Regarding the "tax stimulus" refund....
http://www.bargaineering.com/articles/2008-tax-rebate-stimulus-package-explained.html
Quote:
Singles
Determine Eligibility:
If you earned less than $3,000 - unfortunately you’d get nothing.
If you earned more than $3,000 but paid no taxes, you’d get $300.
If you earned more than $3,000 and paid taxes, you get $600.
If you have children, add $300 per.
Determine Phaseout Reduction:
The phaseout levels begin at $75k and end at $87k, at a reduction of 5% per $1,000 over the lower limit. If you earn above $87k, you’re over and thus get nothing regardless of the math.
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