IRS to start economic stimulus payments May 2
Mon Mar 17, 2008 1:05pm EDT
WASHINGTON (Reuters) - The Internal Revenue Service said on Monday it would begin sending out the first of more than 130 million economic stimulus payments on May 2 and expects to complete the first round of payments by early July.
The IRS said the payments -- tax rebates of about $600 for most middle-income individuals and $1,200 for middle-income couples -- will be sent out in the order of the last two digits of the taxpayer's Social Security number. Taxpayers must file a 2007 tax return in order to receive a payment.
Let's see now.
The average Joe Schmoe gets $600.
The hedge funds, banks, lending institutions, financiers, etc., will no doubt get bailed out to the tune of billion$ or even trillion$ for their pie-in-the-sky shenanigans. Plus the CEO's of same keep their outrageous salaries,bonuses and options.
Sounds fair enough . . . .
(Cross-posted from Moving to Vancouver)