Posted on 10/24/2009 8:36:18 AM PDT by george76
Dead people and illegals get the tax credit BECAUSE they vote for dems. (think about it...)
Is this a tax credit or a rebate? I’m not clear on the details of the first-time-homebuyer credit, but Cavuto makes it sound like all you have to do is fill out some paperwork after you buy your house, and soon after, the check is in the mail. IOW, a rebate.”
I always heard “tax credit” , which would mean that until the 2009 1040 gets filed, there could be no money applied to whatever taxes you owe-—
OR: If you only owed say, $4000 in Federal taxes, which you had dutifully paid quarterly if you were self-employed ,and you were legally entitled to the $8000 credit, that would trigger a $4000 tax refund to you!!
Again: I have heard of no limit on the number of “$8000 tax credits”, so there could be millions of ones- even liegitimate ones- which would mean that tax income to the US Treasury for 2009 income of citizens would be woefully reduced.
NO money to pay off the debt this administration has gleefully racked up.
Your explanation is superior to mine. Thanks.
Don’t worry - the IRS will doublecheck this program against the voter rolls.
“...the fraud was so rampant, so widespread, so un-checked, and so under-reported that ...”
.
And will go so unpunished.
ANOTHER failure of the 0ba-Mao administration.
wow. bumper stickers and t-shirts available yet?
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