Friday, July 04, 2008

I'm Not Getting It, Now I Get It . . .

I've done a bit of checking and discussing and even a tad of genuine research to arrive at this conclusion. My official opinion concerning this matter came after doing a Google Search and being directed to a webpage ending with "irs.gov"
The Google Search was simple: "Where's My Stimulus Payment"
The answer was illuminating.
This table describes the status of your refund
Social Security Number: ***-**-_ _ _ _
You did not qualify for the Stimulus payment because your qualifying income was not high enough. Qualifying income includes wages and net earnings from self-employment that is includable in taxable income, Social Security benefits, certain Railroad Retirement benefits and Veterans disability compensation, disability pension, and survivors benefits received from the Department of Veterans Affairs.
Helpful Information:The 2008 tax instructions will include a worksheet to help those who did not qualify for a payment or those who received a reduced amount determine if they can obtain a benefit when they file their 2008 tax returns next year.

This explained it beautifully. We are not the only ones in the country that are living off of our own investments and paying minimal taxes for political reasons, but that is cause to be treated with prejudice by the US government. What if we weren't living off of our investments and annuities and just unemployed without qualifying income? I'll admit, I have done some figuring and reduction of income to reduce my tax liability, because I don't believe in a number of things our government invests in. I am also one of those individuals that does not believe in government provision for the people of G~D, so although I pay in, I don't collect any of the government give-aways. I do realize there are some religious people that believe G~D uses the government to provide. Some of them collect and call it "bleeding the beast." Then of course, there are all those that "paid into it" . . . I personally know a number of people that "paid in" when it was 1% withholding and are still collecting when there is a 3% annual COLA. And oh, they are collecting and their kids are now collecting also. I didn't mind getting left out of the loop, but I really was sad to see that so many people that are living on the taxes of their hardworking grandchildren were happy to have the grandchildren's checks reduced so they could get in on one more government give away!
Now as to the real purpose of this stimulus check. It was to recirculate it through the economy. Our government officials are 'smart' enough to know that people who are willing to live on less to take a stand or people that have spent their young working lives, investing for the future are not the ones that are easily bought and do not make up the bulk of consumer purchases. No need for our government to hand someone a check that will only save it! What kind of craziness is that? Our government would rather borrow the money from China, give it to the people, so they can spend it at Wal-Mart, buying items marked "made in China." The money then goes back to China, except the loan for the borrowed spending spree is still due . . . At least our government had the foresight to exclude the savers.
There is treasure to be desired and oil in the dwelling of the wise; but a foolish man spendeth it up. a proverb of Holy Scripture

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