Monday, April 07, 2008
Government Cheese
Dave's comment suggesting I subsidize the Snake Eyes sword with government cheese got me all excited.  $600 would keep me neck deep in strippers and booze for like . . . a whole week or something, even after I buy the sword.

Unfortunately, I will probably only get enough to immerse myself for a few days.  The breakdown goes something like this:

Examples of how the Economic Stimulus Act of 2008 may affect taxpayers who are single and either childless or do not have children who qualify for the child tax credit:

1) Individual with wages of $4,000, no federal income tax liability.
Individual rebate is $300

2) Individual with no wages, veterans’ payments of $2,000, social security benefits of $2,000, no federal income tax liability.
Individual rebate is $300

3) Individual with no wages, no social security benefits, veterans’ payments of $4,000, no federal income tax liability.
Individual rebate is $300

4) Individual with no wages, no social security benefits, no veterans’ benefits, AGI is $10,000, federal income tax liability is $125.
Individual rebate is $300

5) Individual with AGI is $12,000, federal income tax liability is $325.
Individual rebate is $325

6) Individual with AGI is $35,000, federal income tax liability in excess of $600.
Individual rebate is $600

7) Individual with AGI is $80,000, federal income tax liability in excess of $600.
Individual rebate is $600
Phase out reduction is ($250)
TOTAL is $350

I'm not totally sure what all that government mumbo-jumbo means, but the odds seem to favor a $300 rebate for us single folk.

That's still $200 more than I need for the sword.  Thanks W!  My local liquor store and strip club thank you as well.

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