NY Tims: Many Filers Confused by Stimulus Tax Credit

NY Times ^ | April 9, 2010 | By DAVID KOCIENIEWSKI

[Tolerance Sucks Rocks]

Wait until the Bush tax cuts expire on December 31 2010

Don't forget the elimination of the 10 percent bracket. I have a mortgage, and I have to provide for my mom. My choo-choo just might go off the damn rails when those cuts end.

And they're ending due to a budgetary rule promoted by that senile ex-Klansman from West Virginia.

[El Laton Caliente]

Thanks! The return is going to further pay down principle on the new place. I hope to have it paid off in 8½ years or less. Even at 5.25% I'm looking at saving nearly $100K in interest that way.

I ran the numbers and for the first two years or so I save about $1 in interest for each $1 I pay in additional principle.

[jveritas]

You are correct.

[Sensei Ern]

I might mention easy peasy just to see that. :) What if I say “Lemon squeezy” as well? Will that launch you like a bottle rocket?

[Tolerance Sucks Rocks]

Blood will DEFINITELY shoot outta my eyeballs if you say “lemon squeezy” OR “Japaneezy.”

(Can’t you tell that I’m a Glenn Beck fan?)

[3D-JOY]

Finally getting to read this...laughing at your descriptions!

I did them a while ago and it is not a concern for me.

I think the jumping through hoops is a very accurate description. Everyday they get to keep your money is generating extra money in “float investments” for the government.

I can never see why people want money back. Make it come out as close as you can and pay the balance on the 15th after the close of business. You gain several more days interest since they do not process it on a daily basis at the end when they receive so much mail. Why would you want to loan the government money? Save it and keep the interest yourself.

[Tolerance Sucks Rocks]

I’m sure they just invest the extra money in treasuries; probably doesn’t even keep up with inflation.