URGENT news regarding that so-called rebate!!!!
Posted February 9th, 2008 by Stephanie4RP
output
It's a total sham, people!! It's not a rebate--it's a CASH ADVANCE!!!-----------------
From: kywildcat ~ RON PAUL '08
Date: Feb 9, 2008 11:38 AM
RE: US Targets Own Citizens In Massive Tax Rebate Fraud
THX TO: Ms. Z
Date: Feb 9, 2008 11:16 AM
From:
Windy [questions everything] anarchy.net
FibromyAngel
Scruffy: Enemy Combatant, Number One Insurgent
Firefighter against the New World Order
US Government Targets Its Own Citizens In Massive Tax Rebate Fraud
In what one Russian Economist has stated is ‘the most massive fraud in human history’, the United States has targeted its own war weary citizens for financial destruction with the passage of new law that the American people, being told by their propaganda media organs, believe will give them tax rebate checks up to $1,200.00.
Dr. Tatyana Koryagina, of Russias Ministry of Economic Development, and who accurately predicted the September 11, 2001 attacks upon America, states that this new US Law, titled “Recovery Rebates and Economic Stimulus for the American People Act of 2008”, and to be signed into law by President Bush, does not, in fact, give any money at all to the American people, but instead is a loan on taxes for money earned by US citizens during 2008.
Dr. Koryagina states that the deception by the US War Leaders against their own people is contained in the very words used in this new law, and which says: “SEC. 6428. 2008 RECOVERY REBATES FOR INDIVIDUALS...(a) In General- In the case of an eligible individual, there shall be allowed as a credit against the tax imposed by subtitle A for the first taxable year beginning in 2008 an amount equal to the lesser of--..(1) net income tax liability, or..(2) $600 ($1,200 in the case of a joint return).”
The significance, Dr. Koryagina points out in understanding the exact wording of this new law, lies in the section name that states ‘rebate’ (a return of part of the original payment for some service or merchandise; partial refund), but in the actual wording of the law states that these monies are a ‘credit’ (an entry of payment or value received on an account) against imposed taxes for 2008.
Dr. Koryagina’s report to the Kremlin further points out that this new law is, in fact, a deceptively engineered ploy by the United States to pump billions of dollars into their failing banking system as nearly half of Americans (currently staggering under a record $2.5 trillion in personal debt), in a new poll conducted by International Council of Shopping Centers and UBS Securities, have stated they will use these checks to pay off creditors.
An American economist, Peter Morici from the University of Maryland, has also noted the odd ‘coincidence’ that the amount of monies under this new law equal the massive losses incurred by US banks from their loan debacles, and as he states:
“It’s a good thing [US stimulus package] , but it’s not enough to head off recession. We’re talking about $150 billion, so this roughly offsets what the banks have lost” in soured housing investments."
The greatest affect of this new law upon the American people, states Dr. Koryagina in her report, will be felt in 2009 when these ‘rebates’, given to them in 2008, will become due against their taxes, and which will push vast numbers of them into financial freefall.
In just one of the many examples Dr. Koryagina has complied in her report: an American married couple with 3 children would receive $1,200.00 for the man and wife with an additional $300.00 for each child, bringing the total to $2,100.00. But, with the average US Tax Refund amount being just over $2,500.00 per family, this exampled family would see no tax refund at all in
2009.
view the bill at govtrack!! Scroll down to SEC. 6428
We need this to get out!! I've sent it to Lou Dobbs, who knows if that'll do any good....
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That figures
.
not good
that definitely is another way of looking at it.
2008 Tax Refund Advance
The rebate will be an advance of your tax refund. You are giving yourself your own money early. After all. If this country is 9 trillion in debt then how can the government give you any money? They can't! They are giving you money that you have yet to make and pax taxes on....then get a refund on those taxes. You are getting an early advance of your own refund.
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http://www.ronpaul2008.co...
Ron Paul rEVOLution. We realize our country has corruption never before seen in any civilization. The magnitude of which is almost unimaginable.
The Most Massive Fraud in US History
Will actually be Social Security. Turns out it's a Ponzi scheme.
I've never really thought
I've never really thought about it like that, but I think you're right.
Makes no sense to me.
This stuff makes no sense to me. Do we get the money "free and clear" or do we have to pay tax on it?
Keep it brief, make it understandable for all of us to read.
Granted, I only have a public school education (whatever that is) but I have no idea what's being talked about in the above article- there are just too many words and it's too damn confusing.
Uncle Sam
is giving you a loan that will come due next April 09.
Bump...
email this to everyone you know
Nothing New
Let's remember back in 2002 a similar rebate was provided.
I always calculate my federal taxes so that at the end of year, I owe nothing and get nothing back (my father taught me never "loan" the government your money for a year interest free). The rebate in 2002 really fouled me up, because I forgot about it and owed that tax rebate to the IRS in 2003.
Won't get fooled again !!!
Most Americans will spend it, forget it and have to account for it in 2009.
tax rebates
tax rebate must be repaid according to money central msn money link below
http://articles.moneycent...
can anyone explain this?
can anyone in here explain this? I read further down to section 103 this becomes difficult for me to understand. It looks like a scam , will someone clear this look carefully at the dates and this.............can anyone in here explain this?............................................................................................SEC. 103. SPECIAL ALLOWANCE FOR CERTAIN PROPERTY ACQUIRED DURING 2008.
(a) In General- Subsection (k) of section 168 of the Internal Revenue Code of 1986 (relating to special allowance for certain property acquired after September 10, 2001, and before January 1, 2005) is amended--
(1) by striking `September 10, 2001' each place it appears and inserting `December 31, 2007',
(2) by striking `September 11, 2001' each place it appears and inserting `January 1, 2008',
(3) by striking `January 1, 2005' each place it appears and inserting `January 1, 2009', and
(4) by striking `January 1, 2006' each place it appears and inserting `January 1, 2010'.
(b) 50 Percent Allowance- Subparagraph (A) of section 168(k)(1) of such Code is amended by striking `30 percent' and inserting `50 percent'.
(c) Conforming Amendments-
(1) Subclause (I) of section 168(k)(2)(B)(i) of such Code is amended by striking `and (iii)' and inserting `(iii), and (iv)'.
(2) Subclause (IV) of section 168(k)(2)(B)(i) of such Code is amended by striking `clauses (ii) and (iii)' and inserting `clause (iii)'.
(3) Clause (i) of section 168(k)(2)(C) of such Code is amended by striking `and (iii)' and inserting `, (iii), and (iv)'.
(4) Clause (i) of section 168(k)(2)(F) of such Code is amended by striking `$4,600' and inserting `$8,000'.
(5)(A) Subsection (k) of section 168 of such Code is amended by striking paragraph (4).
(B) Clause (iii) of section 168(k)(2)(D) of such Code is amended by striking the last sentence.
(6) Paragraph (4) of section 168(l) of such Code is amended by redesignating subparagraphs (A), (B), and (C) as subparagraphs (B), (C), and (D) and inserting before subparagraph (B) (as so redesignated) the following new subparagraph:
`(A) BONUS DEPRECIATION PROPERTY UNDER SUBSECTION (k)- Such term shall not include any property to which section 168(k) applies.'.
(7) Paragraph (5) of section 168(l) of such Code is amended--
(A) by striking `September 10, 2001' in subparagraph (A) and inserting `December 31, 2007', and
(B) by striking `January 1, 2005' in subparagraph (B) and inserting `January 1, 2009'.
(8) Subparagraph (D) of section 1400L(b)(2) of such Code is amended by striking `January 1, 2005' and inserting `January 1, 2010'.
(9) Paragraph (3) of section 1400N(d) of such Code is amended--
(A) by striking `September 10, 2001' in subparagraph (A) and inserting `December 31, 2007', and
(B) by striking `January 1, 2005' in subparagraph (B) and inserting `January 1, 2009'.
(10) Paragraph (6) of section 1400N(d) of such Code is amended by adding at the end the following new subparagraph:
`(E) EXCEPTION FOR BONUS DEPRECIATION PROPERTY UNDER SECTION 168(k)- The term `specified Gulf Opportunity Zone extension property' shall not include any property to which section 168(k) applies.'.
(11) The heading for subsection (k) of section 168 of such Code is amended--
(A) by striking `September 10, 2001' and inserting `December 31, 2007', and
(B) by striking `January 1, 2005' and inserting `January 1, 2009'.
(12) The heading for clause (ii) of section 168(k)(2)(B) of such Code is amended by striking `PRE-JANUARY 1, 2005' and inserting `PRE-JANUARY 1, 2009'.
(d) Effective Date- The amendments made by this section shall apply to property placed in service after December 31, 2007, in taxable years ending after such date
site is shut down
i just tried the link again now it is shut down
Tax Day Revolt!
this is our next move.
I don't about the article but. . .
If our country is taking out loans to pay our bills ($800 Billion per year), won't they just have to take out a bigger loan if they give people some money back? They are giving us, in essence, a loan that we will be taxed on and eventually have to pay back with interest. It's really the oddest thing I've ever seen. Even odder are all the people cheering it on as if it's the best thing ever.
Be realistic
they will have collected most of the money before the checks arrive
I'm not sure what you're saying
As long as we are taking out loans from other countries, we don't have any money to give away. That money was needed to pay for something.
If they had the money and no debt, and gave it back that would be great!
yep...
but really, it's more like a "refund anticipation loan"....for NEXT YEAR!!
What a crock...but we should let everyone know that, according to the roll call:
McCain voted AYE
3 no votes and two of them were:
Obama- NO VOTE
Clinton-NO VOTE
(Think they knew this would be a campaign killer??)
Our beloved Dr.Paul voted NAY when the house had this garbage.
Other articles
There is another post on Daily Paul from another source. It appears that people are just now reading the bill.
Well. what did we expect??
More dirty deals of corse!!
I like the nice little plastic card it comes on!!!!
We're goin down folks !! Oh well, afterall, that was the plan from the beginning...............
It makes sense...
But I just don't trust the Russians. They still would like to see us suffer an economic collapse just as we watched them endure.
Either way that is an interesting perspective.
I don't trust the Russians either...
that's why I vetted it myself through GovtTrack, and included the link...
This is so sick....
Russians know the truth better than Americans these days
We will see openness(glasnost) and restructing(perestroika) here too.
This revolution is the very begining of massive change to come.
Hell, the world knows better about it then most Americans lol
I did'nt like the rebate in the first place.
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People worldwide support Dr. Paul too :-)
http://www.pollingmatrix....
Good Grief
Bump
I think if we get a check we
I think if we get a check we should send it back.