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Where does the money from the $160 Billion tax rebate come from??

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Saboburns Donating Member (690 posts) Send PM | Profile | Ignore Sat Jan-26-08 02:28 PM
Original message
Where does the money from the $160 Billion tax rebate come from??
Is it a one time tax cut on the 2008 10% bracket??

Or another tax advance ala 2002??

Thanks in advance.
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FreakinDJ Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jan-26-08 02:31 PM
Response to Original message
1. More Debt
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Fresh_Start Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jan-26-08 02:32 PM
Response to Original message
2. I believe its moving from one of your pockets to another of your pockets
Edited on Sat Jan-26-08 02:32 PM by NYCALIZ
you need to pay income tax on it next year
and its adding to your share of the national debt
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TomClash Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jan-26-08 02:39 PM
Response to Original message
3. China and other holders of Treasuries nt
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papau Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jan-26-08 02:39 PM
Response to Original message
4. Adding money to the economy means it can not be paid for - it must be debt
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Adsos Letter Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jan-26-08 02:47 PM
Response to Original message
5. It's coming from the man behind the green curtain....
...and you aren't supposed to look back there, btw...
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LiberalEsto Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jan-26-08 02:55 PM
Response to Original message
6. The Tooth Fairy nt
That's a lotta molars
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pingzing58 Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jan-26-08 03:17 PM
Response to Original message
7. NPR analysts said it's borrowing against future tax payers. The money will have to be repaid.
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