Originally posted by Hoosier_Patriot:
Originally posted by Imagrunt:
[b]EVERY Federal Tax Filer for 2007 received a check, so before you tell everyone that your parents paid too much in taxes, make sure to confirm that they actually filed taxes for 2007.
"According to law, the economic stimulus payment amount that you would otherwise be entitled to receive is reduced by 5% of the amount that your Tax Year 2007 Adjusted Gross Income exceeds $150,000. You would have been eligible for an economic stimulus payment of $900, but your AGI exceeds $150,000 by enough to reduce that amount to zero."
The AGI I used was $200,000. At $150,000 AGI, $900 would have been received in a stimulus check.
No offense intended, Sir.
If Colt is correct about his parents not receiving a stimulus check, it is because of their high income level. [/b]Turns out we gave them too much money... we payed so much in, we weren't allowed it back out.
