Obama's $8000 first time homebuyer tax credit.

Discussion in 'Economy' started by elvis, Jun 14, 2009.

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  1. Jun 14, 2009 #1
    elvis
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    elvis Rookie Supporting Member

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    Does it mean 8000 off your taxes or 8000 times your tax rate?
     
  2. Jun 14, 2009 #2
    Neubarth
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    Neubarth At the Ballpark July 30th

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    There has to be a better way to help the economy.
     
  3. Jun 14, 2009 #3
    elvis
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    elvis Rookie Supporting Member

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    Anybody have a real answer to my question?
     
  4. Jun 14, 2009 #4
    alan1
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    alan1 USMB Mod Staff Member Supporting Member

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    It's $8000 off your taxes, but you have to pay it back.
     
  5. Jun 14, 2009 #5
    elvis
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    elvis Rookie Supporting Member

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    I thought that was Bush's plan. I thought Obama's was a real credit.
     
  6. Jun 14, 2009 #6
    alan1
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    alan1 USMB Mod Staff Member Supporting Member

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    It might be.
    I don't qualify so I haven't looked that deep into it.
     
  7. Jun 14, 2009 #7
    random3434
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    random3434 Senior Member

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    • Thank You! Thank You! x 1
  8. Jun 14, 2009 #8
    alan1
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    alan1 USMB Mod Staff Member Supporting Member

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  9. Jun 14, 2009 #9
    random3434
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    random3434 Senior Member

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  10. Jun 14, 2009 #10
    alan1
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    alan1 USMB Mod Staff Member Supporting Member

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    Liquor isn't medication.
     
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