How americans in different financial situations wuld fare under the rebate lan proposed by House leaders and the White House.

  • An individual with $2500 in earned income in 2007: Disqualified because income fell below $3000 threshold. No Rebate.
  • Married couple with no children, with adjusted gross income of $100,000 in 2007: Would qualify for the full $1200 for couples. A $1200 rebate.
  • A worker with one child, who earned $9000 and owed no taxed in 2007: Would qualify for the $300 rebate available to individuals who pay no taxed but earned at least $3000, plus an additinal $300 for the child. A $600 rebate.
  • A couple with income of $160,000 in 2007 with two children: Would qualify for a partial rebate, reduced by $50 for every $1000 in income above the $150,000 threshold. An $1800 rebate - $1200 for the couple plus $300 per child - would go down by $500 for this family. A $1300 rebate.
  • A couple with income of $200,000 and four children: Disqualified becuase their income exceeded $174,000, the phase-out limit. No rebate.
  • An individual with adjusted gross income of $23,000 and no dependents would get a rebate of $600.
  • A couple with adjusted gross income of $184,000 and two children would get a $100 rebate.

I hope that this clears up any confusion of how the rebate will affect you and your family.