Saturday, October 31, 2009

President Bushs' New Tax Law?

Is it true that Bush signed some sort of bill that will now give people like $1,600 back on taxes (not a tax credit, actual money) if they made less than like $80,000 in the year? I heard it was to try and help boost the economy.. just wondering if it was true.



President Bushs%26#039; New Tax Law?

There is a proposal, not a law along those lines but I think it maxed at $800, not $1600. Right now, it%26#039;s just a lot of talk......nothing is remotely close to being signed into law.



President Bushs%26#039; New Tax Law?

i did here that was true and i think its $800 if your single and $1600 if your married. I do believe that they are working on getting it to Bushes desk and then he has to pass it.



President Bushs%26#039; New Tax Law?

First of all, this is a PROPOSAL, not a done deal. Nobody gets anything unless Congress passes a rebate, and if they do, there%26#039;s no guarantee that it will match what the president talked about in his speech.



As proposed though, it is a REBATE on taxes - so only people who pay taxes would get it. The proposal was to eliminate charging tax on the 10% bracket, the lowest bracket.



President Bushs%26#039; New Tax Law?

Not yet.

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