Late on Friday, December 18, 2015, President Obama quietly signed a new 233-page federal consumer rebate program giving every taxpaying American the Right to Collect a Cash Rebate on Nearly Every Single Purchase Made in 2016.
There was little fanfare.
After all, it was the weekend before Christmas, and most of the White House reporters had already gone home for the holidays.
But buried deep inside the act, in Section 106, is a hidden bombshell… one that I believe deserves your immediate attention.
Again, it contains a federal consumer rebate program that Gives Every Taxpaying American the Right to Collect a “Cash Rebate” on Nearly EVERY Single Purchase Made in 2016.
This is not a joke.
We’re talking about an opportunity to collect a “cash rebate” on virtually anything you pay for during this year.
The government is willing to send you cold hard cash for all of it.
According to Ways and Means Committee Chairman Kevin Brady, the purpose of this new consumer rebate program is to “grow our economy and help American taxpayers keep more of their hard-earned dollars.”
It will certainly do that.
In an interview with The New York Times, one U.S. senator said of the new federal consumer rebate program legislation, “we have been trying forever to get something good for the middle class… and this is a jackpot.”
Bloomberg estimates it could put as much as $42.4 BILLION back in the pockets of the 119 million eligible taxpaying Americans.
Others predict it could be even more.
According to an article on Fox Business News, there is “no limit” to the size of your “cash rebate.”
If you have a huge spending year in 2016 (even on credit), in rare cases you could conceivably claim upward of $100,000.
For most people, the cash rebate will be smaller.
Some will collect maybe $1,230… while others bring in up to $12,900.
But the fact is… you have money sitting on the table here, ready to be picked up and pocketed.
The Wall Street Journal says the federal consumer rebate program is like a “gift for Christmas.”
But it gets better…
A statement on IRS.gov confirms “you don’t need receipts” to collect your cash rebate.
Though… the more spending you can prove, the bigger the check you’ll get.
One prominent New York attorney who’s put this legislation under a microscope notes that many types of records, such as credit card statements, could help you enhance the size of your payout.
You just have to step up and claim your share.
And that’s why I’m speaking to you today…
Most Americans have no idea this federal consumer rebate program exists.
And no wonder…
The bill was signed at the end of the year… in the middle of the holidays… on a Friday night… after the press had gone home.
As Forbes points out in a recent article, the law only gave Americans about 15 days to digest this historic money transfer before 2016 began.
So how do you get your piece of the federal consumer rebate program pie?
All you have to do is keep track of your big purchases in 2016 using the steps I’ll show you.
And at year’s end, you’ll see it added into the tax refund you receive.
Think of this like the Bush tax refund back in 2004.
When everyone got checks in the mail for $300 to $600?
Except this time it’s BIGGER.
Whatever your situation…
No matter your income level or spending habits…
Whether you’re a schoolteacher or a hedge fund manager…
Whether you keep track of every penny spent or you’ve never heard of a budget…
The fact remains:
As The New York Times reports, this new law adds up to “a little something for nearly everyone.”
Well, almost everyone.
This may come as a shock to you, especially in a world where the government seems determined to hand out cash to any freeloader on the street.
But this federal consumer rebate program only goes to the people who truly deserve it…
The Wall Street Journal reports that this federal consumer rebate program is “available to all taxpayers,” but no one else.
“It ensures families across the country will keep more of their hard-earned dollars,” says Dave Reichert, a representative out of Washington state who voted for the measure.
And for once, we think they got it right.
After all, as a taxpayer, you’ve pumped money into the system for years.
You’ve paid every type of tax there is… income tax, excise tax, hotel tax, gasoline tax, sales tax, property tax, entertainment tax…
You name it, and they’ve taxed you on it.
Isn’t it about time you got a little bit of that back?
That’s what I want to help you with today.
If you follow our instructions, there’s a good chance you could end up collecting anywhere from $1,230 to $12,900 in cash rebates (depending on how much you spend in 2016).
In exceptionally rare cases, you could end up collecting a HUGE payday approaching $100,000.
But you need to start taking steps now to ensure you MAXIMIZE the amount you receive.
If you wait until the end of the year, you might have to take the minimum payment.
Let me show you what steps to take…
My name, by the way, is George Rayburn. I’m the Director of Business Operations at The Oxford Club, a financial fellowship of wealth seekers 94,000 Members strong.
Our organization is made up of financial gurus, doctors, lawyers, accountants, business owners and multimillionaire investors.
We seek out anybody we feel has the knowledge and the talent to help our Members increase their wealth.
And we’ve partnered with a friend to help us understand the historic opportunity I’m talking about today.
His name is Jack Cohen.
He’s a certified public accountant with a private practice helping Americans maximize the amount of hard-earned cash they keep from the government.
But it wasn’t always that way…
Jack started his career as a top IRS agent.
Yes, he was that guy that you hate.
He audited people. Demanded years of receipts. Cited obscure tax laws.
During his time there, he honed his skills based on the many audits he was involved with.
There are more than 74,000 pages in the IRS tax code… how can any non-professional know about all the rare loopholes and special programs hidden inside?
As David J., who teaches tax regulation at Syracuse University College of Law, says:
The American tax system is “a mess that’s completely unfair and that few Americans understand.”
That’s an understatement.
Americans have little knowledge of what’s in the tax code.
As Jack realized, knowledge is power when it comes to the IRS code.
So many taxpayers are just downright confused…
They have no clue what they’re doing…
That’s why Jack switched careers.
Now he’s working on the other side of the table, against the IRS, to help regular citizens get back the money they rightfully deserve.
You see… like the $42.4 billion federal consumer rebate program we’re talking about today… there are literally hundreds of special sections in the tax code you can use to put thousands of dollars back in your pocket.
Jack has helped his clients get back far more money by showing them parts of the tax code they didn’t realize existed.
And that’s what I want to help you with today…
I want to share with you some of the types of secrets Jack has used over the years to get more money back from the government… starting with the new $42.4 billion federal consumer rebate program passed by Congress.
Because this program is indeed a “jackpot,” as one U.S. senator called it.
It’s an opportunity to get a cash rebate on virtually everything you purchase in 2016.
But it’s imperative you begin preparing now to get as big a rebate as possible, or you could lose out forever.
So with that in mind, let’s hit on a few of the important details.
In the next few minutes, I’m going to show you how to get as BIG of a cash rebate on your spending as is legally possible.
But there are a few things you need to know before we continue.
First… there is no income limit on who can collect.
This is a program for all taxpayers… rich or poor.
Whether you made $20,000 last year… or $1 million… as long as you made purchases, you are eligible.
Second… this is a cash rebate, not a 100% refund of your purchases.
I hope this doesn’t disappoint you, but I’m not saying you’ll get a full refund of all the money you spent over the past year.
That would be truly crazy.
Rather, this is a “cash rebate.”
You’ll get a little bit of cash back for almost every purchase you made.
And when you add everything up, it can come to a hefty sum.
Third… big-ticket items are important.
The more big purchases you make in 2016 – whether you pay for a wedding, furnish a new home, go on a big vacation or pay college tuition – the more money you stand to get.
“Basically, you’re looking for spending that’s disproportionate to your income,” says one senior tax analyst from the tax and accounting business of Thomson Reuters.
All told, we’re looking at $42.4 billion over a decade that’s going to be distributed here through the federal consumer rebate program.
That’s 28 times the recent Powerball jackpot that had everyone in a tizzy.
If you lined up $100 bills across the continental United States, you’d go coast to coast nearly 15 times before reaching $42.4 billion.
It’s a LOT of money.
The Tax Foundation described it as an “early Christmas present” for taxpayers in 2016.
So how do you collect your share?
And how much can you expect to get?
There are three ways to do it.
Let me quickly run through each of them.
OPTION #1: No Receipts!
If you’re like most Americans, you probably don’t save the receipts from every lunch… every trip to the mall… and every quick stop at the grocery store.
When you file for your cash rebate, the government says you DO NOT need receipts to collect… though your payout will likely be smallest if you don’t have receipts.
All you do is enter your location of residence and estimated income on an IRS website… and it’ll tell you how much you will get.
It really is that simple.
In fact, one of our writers was a bit of a doubting Thomas.
He wanted to see if it would actually work for him.
But sure enough, it took him about one minute.
He answered seven questions.
And his total estimated cash rebate for 2015 spending came out to $1,815.
Some people will get more.
Some people will get less.
He didn’t have any outrageous purchases in 2015, so his could be a bit lower than others.
Perhaps in 2016 he’ll get more.
But that’s easy money he can received… just for answering a few questions online.
And if you did make some big purchases… your cash rebate could be much larger.
Option #2: You Only Keep Big-Ticket Receipts
Most Americans don’t keep every receipt.
But… as Bob S. of Reuters notes, “you’re more likely to keep receipts for [big items] for insurance purposes or because they were mind- boggling.”
And if you do… that’s good news.
It means you can cash out on both your non-receipt items and your one-time large purchases.
You start by calculating your rebate on normal spending just by answering those seven questions on the website…
Then, as Kiplinger’s reports, you can add in your cash rebate what you “paid on cars, boats, aircraft and other big-ticket items.”
This could push your own personal cash rebate into the $5,000… $8,000… even $12,900 range.
And then there’s the big one… the third option.
Option #3: The “No Limit” Option
This one is pretty simple, really.
If you keep receipts, there is “no limit” to how high your cash rebate can go.
If you spend that money… especially on huge purchases… it can go sky-high.
Let’s say you go crazy on spending this year.
You buy a new house and furnish it… you pick up a new fishing boat and a new SUV…
Perhaps you spend tens of thousands of dollars on college expenses… and take multiple cruises throughout the year.
If you have proof you did it, there’s a very good chance YOU CAN GET A HUGE SUM OF MONEY.
And as I mentioned earlier, many times credit card bills will serve as proof.
An article in Bankrate presented a pretty detailed analysis on all of this.
And they note that many types of records such as credit card statements, could help you get the most accurate payout.
Put all of this stuff together… and for some people the rebate could go up to the $100,000 level.
It’s entirely possible.
BUT, and again, this is very important, if you don’t start preparing now to maximize the amount you get, you could end up missing out forever.
Now before we move on, I want to make one thing clear.
There are a lot of handouts going on out there in the world.
One recent Forbes article pegged the percentage of Americans receiving government handouts at 52%.
That’s over half.
Jack Cohen, the former IRS agent who’s helped us with this, has seen the government waste billions of dollars on useless programs.
We’ve heard about the government giving some University of California, Santa Cruz researchers $856,000 to see if they could teach mountain lions to walk on treadmills.
In 2014, the government shelled out $80 million to try to develop its very own “Iron Man” suit.
The government’s paid $10,000 to produce a children’s musical titled Zombie in Love… and $307,524 to teach sea monkeys how to do synchronized swimming.
There are few things in life you can count on.
But one of them is the federal government wasting your money.
So I can understand why a lot of Americans don’t want to take a federal government handout.
You want to work for your money.
And I can understand if you don’t think you should get money for nothing.
But the program I’m talking about today is different, and here’s why…
This $42.4 billion federal consumer rebate program is going directly back into the hands of taxpaying Americans like you.
I have no doubt that you’ll spend the money more wisely than the federal government will.
And that’s why we’re trying to tell as many people as possible about this new federal consumer rebate program.
I believe it’s time the people who work hard and pay into the system got a little something back.
And truth be told, this isn’t a small amount of money we’re talking about.
Depending on where you live, how much money you make and how much you’ve spent over the past year… your payout for 2016 could be anywhere from $1,230 up to perhaps $12,900 or more.
Everyone’s individual situation is different, and while every taxpaying American is eligible… there may still be people who find it’s actually more beneficial for them to do things how they’ve always done them.
But if you don’t have a huge spending year in 2016, don’t feel like you missed the boat.
Because, as The Wall Street Journal reports, after years of flip-flopping, the federal government has made this program “permanent” under law.
That means over the years ahead… we’re talking about the potential to collect tens of thousands of dollars in added cash each and every year.
Now, in order to be certain you get the maximum amount of money from 2016 spending, you’re going to need to make start preparing now. And we’ll give you instructions telling you what to do.
BUT, for each year going forward, you can continue collecting your cash rebate for that year.
All you have to do is learn the process to collect your cash rebate under the federal consumer rebate program now… keep track of your big purchases… and this could add thousands to your personal income.