Berkeley CSUA MOTD:Entry 49563
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2025/05/28 [General] UID:1000 Activity:popular
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2008/3/25-28 [Reference/Tax, Finance/Investment] UID:49563 Activity:low
3/25    How much are you guys expecting from GWBush's tax rebates?
        \_ $0.  Combined income of my wife and me is probably over the limit.
           \_ So you're the wealthy?
        \_ $600, a whole lot of money for a poor grad student..
        \_ $1200 tax deduction, which, since we already overpaid through
           withholding, means a $1200 bonus to our refund.
        \_ $0.  My income is too high.
        \_ How do you figure this out based on your income?
           \_ More than $75K if single or $150K if married and you're
              probably getting nothing. I imagine most s/w engineers are
              getting nothing, like me.
              \_ 75K taxable income.  (Post 401k, post all deductions.)
                 And it doesn't go away at 75k, although it does go down
                 pretty fast.  If you have a house you probably will get
                 a refund.
                 \_ You mean if you have a MORTGAGE with a lot of interests
                    to deduct?
                    \_ Yes I did.  See you knew exactly what I meant.
                       \_ ...the fact that it is wrong notwithstanding
                 \_ No, it's based on adjusted gross income. No mortgage
                    (or other itemized) deductions.
                    \_ None of you have actually explained how I would
                       calculate it.
                       \_ Learn to use google.
        \_ Nothing. We make too much.