What are you spending your "Stimulus" money on? - Snowmobile Forum: Your #1 Snowmobile Forum

beavernutts · 05-03-2008, 10:43 AM

I received a $2100 deposit yesterday and have no real big plans yet.Whats everyone doing with theres?

**RJ Gleason** · 05-03-2008, 12:05 PM

Gunna save it.

Octane · 05-03-2008, 01:42 PM

Part of it is paying to reroof half of my house and the rest is all going in the bank.

TCOLLINS · 05-03-2008, 06:48 PM

Quote:

Originally Posted by beavernutts

I received a $2100 deposit yesterday and have no real big plans yet.Whats everyone doing with theres?

I take it you are married with 3 kids? I haven't received mine yet but hope to receive the same.

beavernutts · 05-03-2008, 07:15 PM

Yes sir^^3 boys 8 year old twins and a 4 year old.

dh700 · 05-03-2008, 08:13 PM

new hyfax,wheels,risers,and dual carbides for my new used sled.anything left ill save for gas this winter

jagermiester · 05-03-2008, 09:23 PM

Putting mine in the bank so I have it when they want it back next year. For those of you using it, please try to use it on American made products if possible. Not going to stimulate anything but China if not...thanks

**smallengineguy** · 05-04-2008, 07:25 AM

Paying bills, what else?

IndianRvrShiver · 05-04-2008, 10:59 AM

Quote:

Originally Posted by jagermiester

Putting mine in the bank so I have it when they want it back next year. For those of you using it, please try to use it on American made products if possible. Not going to stimulate anything but China if not...thanks

Great advice!!!

I think mine is already spent.....property taxes, etc!

TCOLLINS · 05-04-2008, 11:39 AM

Sweet. Can't wait to get mine. It'll be $2,100 as well. It will go to a vacation or bills. For whatever it'll go quick unfortionately.

ptrapper65 · 05-04-2008, 12:14 PM

Vacation in the outer banks, NC. One question.... Is this going to be considered as income when you file next year??? If so, the $2,100 is really only $1,200.

beavernutts · 05-04-2008, 01:02 PM

The bulk of mine will be going to bills and groceries but I did manage to get $120 of it for a new Tamarack front cargo box for the grizzly

Tamarack ATV Accessories - Quality ATV Boxes and Bags

SnowRida · 05-05-2008, 04:44 AM

Quote:

Originally Posted by ptrapper65

Is this going to be considered as income when you file next year??? If so, the $2,100 is really only $1,200.

YES.

wtwe2step · 05-05-2008, 07:09 AM

lasher49 · 05-05-2008, 07:22 AM

Quote:

Originally Posted by ptrapper65

Vacation in the outer banks, NC. One question.... Is this going to be considered as income when you file next year??? If so, the $2,100 is really only $1,200.

Same thing I will be going to the Outer Banks in July.

ptrapper where on the OBX are you going and when???

cvanmarter · 05-05-2008, 01:20 PM

Quote:

Originally Posted by ptrapper65

Is this going to be considered as income when you file next year??? If so, the $2,100 is really only $1,200.

From IRS Web Site
Economic Stimulus Payment FAQs: Other Questions

Q. Is my stimulus payment taxable?

A. No. You will not owe tax on your payment when you file your 2008 federal income tax return. But you should keep a copy of the IRS letter you receive later this year listing the amount of your payment.

Ad's Cat · 05-05-2008, 01:24 PM

So if i'm guessing correctly, it is money given out by your federal government to "stimulate" the economy. Nice!

cvanmarter · 05-05-2008, 01:40 PM

Saving mine!!! This hole idea is a joke. I mean honestly where is the government getting this extra money really, To all of the sudden send every family in the US a check for at least $600 we're talking Billions and Billions of dollars here. Doesn't anybody feel like they have been robbed. Our government has been complaining about budget cuts and underfunded special needs programs etc. And steadily raising taxes for years so where the hell is all this money coming from?
I think our new Governer of New York said it best about a school tax rebate program we have here (Star Rebate). He is planning to do away with the program. His analogy, If I was to take $200 from you every year and then give you $5 back should you be happy?

ptrapper65 · 05-05-2008, 04:02 PM

Quote:

Originally Posted by lasher49

Same thing I will be going to the Outer Banks in July.

ptrapper where on the OBX are you going and when???

I'm going July 20 to 26 in Nags Head. A place right on the ocean. 3 families are splitting it. It's going to be GREAT. This is the 3rd time I've been there. The first 2 I stayed in a hotel and I loved it so much I decided to do the house rental. How about you? When are you going?

ptrapper65 · 05-05-2008, 04:03 PM

Quote:

Originally Posted by cvanmarter

From IRS Web Site
Economic Stimulus Payment FAQs: Other Questions

Q. Is my stimulus payment taxable?

A. No. You will not owe tax on your payment when you file your 2008 federal income tax return. But you should keep a copy of the IRS letter you receive later this year listing the amount of your payment.

Thanks Cvanmarter. You just saved me $900.