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Not a tax expert here, but

Posted By: (sm) on 2009-04-01
In Reply to: stimulus money - Eileen

my understanding is just that everybody under the capped income amount (75,000, I think) is paying less taxes on the money they earn, so, as an IC, your quarterly payments will be less than they previously would have been on the same amount of earned dollars (if you pay quarterly), whereas as an employee the amount of federal tax per paycheck is reduced and, thus, the paycheck is increased. I believe that those who are on disability also will get more, but do not have firsthand experience with this. I have heard that disability payments are taxed, so it stands to reason (in my mind, anyway) that these payments will also be increased (if they are taxed as they come to you, like with an employee) or the tax paid would be reduced (if taxes are paid quarterly or annually). Hope that makes sense.


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Some expert on TV was just on, saying
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Expert help on their word boart too.
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my foot. How about expert at manipulation, selfishness and greed? It wouldn't surprise me if Oprah slurped all over her just for the attention; she is another media whor$. I hope the IVF clinic is shut down. I heard on the news yesterday that she actually worked at the clinic. The whole story skeeves me!
I'm waiting for a quote from Tom Cruise to surface, being he's the expert on EVERYTHING. nm
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