1. What is the Economic Stimulus Act
... a single parent with one child and $50,000 in income, $1200 for joint filers with two children and $60,000 in income, or the $2400 rebate amount mentioned above. In addition, after lobbying by groups supporting senior citizens, social security payments were added to the "eligible" income, so most seniors on fixed incomes who filed a tax return and did not owe tax over ... . Incentives for businesses were also a part of the Economic Stimulus package, giving businesses the ability to deduct expenses at much higher levels than in previous years. The hope: that businesses will buy equipment ...
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- Approx Pages: 2
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- Grade Level: Undergraduate