what's this i hear about the government giving everyone $600?
which people are suppose to get the $600 and how does the whole thing work
- Anonymous1 decade agoFavorite Answer
Checks should be cut in May.
From what I understand, it's based on 2007 tax returns. AGI must be at least $3K, and after $75K ($150K for couples) the amount of rebate starts dropping.
Singles to get $600, couples to get $1200, plus $300 per dependent 17 or younger.
Disabled veterans and some senior citizens also to receive checks, but I'm not sure on those formulae.
- Anonymous1 decade ago
It is a rebate on taxes paid in the 2007 fiscal year. It is going to those who paid taxes last year. Between $300 and $600 for single people and double that for married couples. A short term economic boost. Won't fix it, but every little bit of my own money I get to keep is a good thing.
- 1 decade ago
I think it's for perople that are in poverty really badly.