Whether your outlook of the economy is positive or negative, tax
rebates are indeed a "quick fix." For some of us, that may be
all that we need. For others, the problems go far
deeper.
The federal government, in a move to stimulate the sluggish
economy, agreed to release over $160 billion in tax rebates to U.S.
citizens over the next several months. But will this stimulus
package really help jumpstart the economy?
If you are a working couple, you can expect to receive up to $1,200
plus an additional $300 for each child. If you are single,
and qualify, you can expect a rebate check totaling
$300-$600. The government is hoping you'll spend your rebate
on consumer goods, which could stimulate jobs and business
investment - much like the holiday shopping season boosts retail
sales. Optimistic estimates are that increased spending could
create half a million jobs in the second half of this year.
Some economists, however, project a bleaker picture. The
rebate checks may end up in savings accounts, which would have
little effect on the economy. And since it can take up
to 6 to 18 months before economic results are seen, the stimulus
package may not have any positive effect until the end of
2009.
Before you can get a tax rebate, you'll have to file your
taxes. Learn how to do it right from our tax experts:
http://www.videojug.com/tag/understanding-tax
http://www.videojug.com/tag/money-and-wealth
http://www.videojug.com/tag/manage-your-money
http://www.videojug.com/tag/taxes
http://www.videojug.com/interview/tax-defined
