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LizzyBee

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Posts posted by LizzyBee

  1. All 3 of mine were active and I loved laying on my back watching my belly make waves. But #3 was definitely the most active. Even my sonographers commented on how she was the most active baby they'd ever seen. During one sonogram, when the sonographer put the sensor thingy on my belly, she tried to kick it away.

     

    She's 6 now, and our favorite description of her is: She doesn't walk yet. She runs, climbs, hops, skips, prances, flitters, jumps; but she doesn't walk.

     

    Elizabeth

  2. If the rebate were just an advance payment of the refund that you would otherwise receive in spring 2009 when you file your 2008 tax return:

     

    1) How would the IRS determine how much refund you should expect to get halfway through the year?

    2) What about people who make estimated payments rather than have tax withheld from a salary? What would be the point of sending them a rebate?

    3) When people get the rebate, most of them are going to spend it (and that's what the government wants them to do). Then next spring the IRS is supposed to collect it back? Ain't gonna happen!!!! Our government does some stupid things, but they aren't going to issue a refund to 117 million people then try to collect it back less than a year later.

    4) Congress is debating the form of the tax cut underlying the rebate. If the rebate was simply an advance payment and not a temporary tax cut, there would be no need for this discussion.

  3. Just as in 2001, there may be a few people who receive the rebate and shouldn't or vice versa. In 2001, the limitations placed on the advance payment insured that very few people received it if they weren't entitled to it, and I'm pretty sure I'm remembering correctly that those people were not required to repay the advance payment. OTOH, there were people who were entitled to the advance payment but didn't receive it, and they were able to receive it as an addition to their refund when they filed their 2001 tax return. But for the overwhelming majority of taxpayers, the advance payment had a net zero effect, and it will be the same way this year.

     

    This is driving me bonkers, because I'm trying so hard to be clear, but every time I re-read my messages I realize that what I wrote could be taken more than one way.

     

    In the above paragraph, last sentence: The intent (and result, for most people) will be a net zero effect when you file your 2008 tax return. Your refund or balance due should not be more or less than it otherwise would have been. The rebate itself will create an increase of cash in your pocket, not a net zero effect. Even though the rebate will likely be shown as an advance payment on your 2008 tax return, it will be offset by a decrease of your 2008 tax liability. No-one knows yet exactly what form the decrease will take: a reduction of the tax rate, a credit, a combination of both, or just a separate line on the tax return. But the point of the stimulus package is to put more money in your pocket overall; it's not something that you're going to get in June and then repay next spring when you file your tax return.

     

    Okay, I feel like I've said the same thing 47 different ways in the past 2 days and I'm still not sure I'm being clear. :o But I hope this helps.

  4. So, LizzieBee, (and I am glad to see you, by the way!), do you think this will reduce our 2008 return, or cause us to owe in 2008?

     

    Neither. The rebate will have no effect one way or the other on your refund (or not) in spring 2009. The return will have some mechanism (in the form of some tax cut, credit, or both combined) for reducing your 2008 tax liability, and that reduction will be offset by the advance payment which will most likely be paid in June. It will be a net zero effect for most people.

     

    Just as in 2001, there may be a few people who receive the rebate and shouldn't or vice versa. In 2001, the limitations placed on the advance payment insured that very few people received it if they weren't entitled to it, and I'm pretty sure I'm remembering correctly that those people were not required to repay the advance payment. OTOH, there were people who were entitled to the advance payment but didn't receive it, and they were able to receive it as an addition to their refund when they filed their 2001 tax return. But for the overwhelming majority of taxpayers, the advance payment had a net zero effect, and it will be the same way this year.

     

    I hope that helps. Of course, no-one knows all the particulars, since the final bill hasn't even been passed yet. I'm actually not holding my breath to receive any payment, although it does seem as though nearly all the powers-that-be are on board with it.

  5. I don't even know why I kept them. But then I stumbled on the perfect way to wash and season them, and nothing sticks anymore.

     

    First, I refuse to cook in anything that isn't washed in soap. So I wash them in hot soapy water, then dry them on a hot burner. While they are still warm but not real hot, I add a little oil and use a paper towel to coat the entire bottom and sides of the pan. I've started using my cast iron pans a lot, and this method has never failed.

  6. In one post, I called the rebate a tax cut because I was trying to explain that the payment will not be simply an advance payment of the tax refund you might otherwise receive in spring 2009. Later, in the post you quoted, I was trying to say that it's not a tax cut in the traditional sense; therefore, the terminology I used bothered me, because I didn't want to be misunderstood. It's a one-time only payment, and there will be people who receive the rebate who don't pay any taxes.

     

    In an earlier post, I said that I imagine there will be a way to claim the refund on your 2008 tax return if for some reason you don't qualify to have the check mailed to you in June. So yes, it will affect your 2008 tax return. But a lot of people are concerned that their 2008 tax liability will be the same as it otherwise would have been, but by receiving a "rebate" in June, their refund in spring 2009 will be reduced or they might even owe money. I was trying to explain that it won't work that way. I hadn't yet heard the mechanics of how the tax cut or credit related to the rebate would work (your post is the first I've read regarding that issue), but I know with 100% certainty that the payments will be related to some sort of tax cut or credit. That was the issue I was addressing. I'm also 99.99% certain the tax cut or credit will be temporary, which is why, in my mind, it's not a tax cut in the traditional sense.

     

    Clear as mud?

  7. Yes, the 2001 rebate was an advance payment, but it was related to the new child tax credit. So while it did reduce the refunds people received in the spring of 2002, it did not reduce them below what they would have gotten had the new tax credit not been passed that year.

     

    If this new rebate is passed, it will be a tax cut. It will not reduce your tax refund below what you currently expect it to be. There's no way in heck the government would give all that money out if it weren't a tax cut, because not everyone even gets a refund. And millions of people pay estimated taxes rather than having income tax withheld from a salary.

     

    I agree that the rebate is not the best way to improve our country's financial health in the long run. I'd much rather the federal government cut spending and stop getting involoved in matters beyond its constitutional authority. But OTOH, I won't mind having an extra $2,100 that I wasn't expecting this summer.

     

    The terminology I used in my earlier post is bothering me. Just as others have pointed out that this rebate isn't exactly a rebate, it isn't exactly a tax cut either. But my point was that you won't be penalized on your 2008 tax return, and that point still stands.

  8. My brother runs a plumbing/heating company and if customers had the extra $ to pay their overdue bills my brother might not have to weekly consider laying off workers just to make ends meet. I'm sure his company is not alone.

     

    Exactly! Even if you use the rebate to pay bills rather than buying new stuff, it will help the economy, although perhaps not exactly the way the government intends.

  9. Yep. Here's an article about that.

     

    Yes, the 2001 rebate was an advance payment, but it was related to the new child tax credit. So while it did reduce the refunds people received in the spring of 2002, it did not reduce them below what they would have gotten had the new tax credit not been passed that year.

     

    If this new rebate is passed, it will be a tax cut. It will not reduce your tax refund below what you currently expect it to be. There's no way in heck the government would give all that money out if it weren't a tax cut, because not everyone even gets a refund. And millions of people pay estimated taxes rather than having income tax withheld from a salary.

     

    I agree that the rebate is not the best way to improve our country's financial health in the long run. I'd much rather the federal government cut spending and stop getting involoved in matters beyond its constitutional authority. But OTOH, I won't mind having an extra $2,100 that I wasn't expecting this summer.

  10. Isn't this simply an advance on next year's tax return? Or am I mistaken?

     

    No, this is in addition to what you would normally get back when you file your tax return.

     

    The last rebate was an advance payment of the child credit, which was new that year. Anyone who didn't get the rebate (but should have), was able to claim it on their tax return for that year. I imagine they'll do something similar this year, so in that sense, you could say it's an advance on next year's tax return.

  11. I grew up in Accident, MD (in Garrett County, near Deep Creek Lake). I still love going home because it's so quiet and peaceful. My mom doesn't have internet access and my cell phone doesn't get a signal. There's nothing to do but relax!

     

    I lived in Baltimore for 1 year and then in the burbs for 11 years - Timonium and Parkville.

  12. My very favorite Latin curriculum is Latin at Home by JennifersLost, fka Jennifer GWOTW. It explains the grammar being taught, all the necessary drill and repetition is built into the program, it doesn't move too fast or too slow. I keep hoping that if I brag on her program enough, she will finish the remaining volumes. :) But I suppose with all the new Latin curricula out there, it might be tough to continue profitably.

     

    My middle dd is using Latin Primer with the DVDs. It works well for her because she's a very visual learner and the DVD component really helps her to enjoy and remember the lessons. The program moves slowly enough that she is not overwhelmed (she is easily frustrated).

     

    I like Prima Latina for a very easy introduction for a younger student.

     

    My oldest dd enjoys Ecce Romani, but I think it would work much better if she had a teacher who knows Latin. It moves fast. Since it's reading based, she has to be careful to write and study the grammar as it's taught. Otherwise, she'll progress a few lessons and then hit a wall.

     

    The one program we used and hated was Latina Christiana. It's basically a "memorize this chant and don't worry about what it means" kind of curriculum. You would think the concepts would be explained in the TM, but they're not.

     

    I have not found any modern Latin programs that teach English grammar well enough to use Latin as a substitute for English grammar (imo). However, there are several out-of-copyright textbooks available free on the internet that teach English grammar explicitly and well alongside the Latin. My favorite is Latin for Beginners. I used it for awhile with my oldest dd, but she didn't not like the fact that the book has no color. Her interest level is high with Ecce Romani, so that's what she using currently.

     

    HTH

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