The Empire Strikes Back
https://www.cnn.com/2020/12/29/politics/mcconnell-poison-pill-attached-to-bill/index.html
https://www.cnn.com/2020/12/29/politics/mcconnell-poison-pill-attached-to-bill/index.html
Plans for your second socialist check?
Got mine. Far short of $2000 per person.
Direct deposit or via that scammy looking debit card from moneynetwork.com (That's how I got the last one 3 months later than everyone else)
Direct deposit. I heard it was coming, but I wasn't expecting it because last time it took months…
Are they basing it on 2018 taxes or 2019 earnings? The first stimulus check was 2019 if you had already filed it, 2018 if not. I assume it's all 2019 now, or are they just using the same criteria they did before?
Also, it drops $50 for every $1000 above 75K/150K. But with a starting point of $600 instead of $1200, the cutoff points for getting nothing would be $81K/$162K.
Edit: It drops $50 for every $1000 above $75K for single people. So the starting point is $600. So down to $0 if you're over $81K. But the starting point is $1200 if you[re a couple. So you don't hit $0 until $174K adjusted gross. Higher if you have kids.
Also, it drops $50 for every $1000 above 75K/150K. But with a starting point of $600 instead of $1200, the cutoff points for getting nothing would be $81K/$162K.
Edit: It drops $50 for every $1000 above $75K for single people. So the starting point is $600. So down to $0 if you're over $81K. But the starting point is $1200 if you[re a couple. So you don't hit $0 until $174K adjusted gross. Higher if you have kids.
Also, it doesn't drop in $50 increments, but at a rate of $50 per $1,000 or 5% for every dollar over your threshold. A couple with no kids and a 2019 AGI of $150,001 would get a payment of $1,199.95.
McGanahan wrote:
Also, it doesn't drop in $50 increments, but at a rate of $50 per $1,000 or 5% for every dollar over your threshold. A couple with no kids and a 2019 AGI of $150,001 would get a payment of $1,199.95.
Yes, this is true.
It’s just stupid..there should be a way to better direct $ to those that need it… this isn’t it
The first stimulus was even worse… really a transfer of hundreds of billions to those that don’t need it
We shouldn’t have gotten a dime
No we are not wealthy or close but we are not hurting.. we actually had a better year than 2019
The first stimulus was even worse… really a transfer of hundreds of billions to those that don’t need it
We shouldn’t have gotten a dime
No we are not wealthy or close but we are not hurting.. we actually had a better year than 2019
Just wrote:
It’s just stupid..there should be a way to better direct $ to those that need it… this isn’t it
The first stimulus was even worse… really a transfer of hundreds of billions to those that don’t need it
We shouldn’t have gotten a dime
No we are not wealthy or close but we are not hurting.. we actually had a better year than 2019
https://www.cnbc.com/2020/12/23/how-to-donate-your-600-stimulus-check.html
well played space!
My donating or not has little impact -close to zero- on the hundreds of billions the US government is misdirecting to people that don’t need it…
But am sure I will donate extra to my favorite organization actually helping people
https://risedc.org/programs
But am sure I will donate extra to my favorite organization actually helping people
https://risedc.org/programs
Emergency wrote:
well played space!
Another person that doesn’t need his stimulus check but hey free money
Except it’s not really free…your government is borrowing the $ in your name to give you that check you don’t need
When the $ tanks you will be paying more for imports and if you ever hope to take your family to Europe you will end up paying more…maybe your taxes will have to go up…not to mention inflation… you may believe official statistics that inflation is about inexistent but you will find out at the grocery store you are getting less for your buck..you may wonder why - or maybe it won’t occur to you- but you will spend more for the same groceries
Maybe you think government’s role is to give free money to people that live in million dollar homes in Arlington.. you would be wrong
Just wrote:
Maybe you think government’s role is to give free money to people that live in million dollar homes in Arlington.. you would be wrong
I don't think that's the role, but the percentage of people who get this and live in Million dollar homes….I'd say is small
maybe 5%
Show me some stats
I would gather that close to 90% of those checks go straight back into the economy, support small and big business, stoping foreclosures and the like
Yes not perfect, but I think more equitable than all of the benefits that some companies owned my multimillionaires got and spent on planes and yahchts
How about you get yourself your stats?
I am comfortable saying these checks are largely a misuse of printing presses…
It’s full of people that have no business getting them
My sister in Philly
My sister in Houston
You
Me
Etc etc
They should target the money to those that need it
Why is this even controversial?
I am comfortable saying these checks are largely a misuse of printing presses…
It’s full of people that have no business getting them
My sister in Philly
My sister in Houston
You
Me
Etc etc
They should target the money to those that need it
Why is this even controversial?
Who are these people living in “million dollar homes” with a total family income of under $150k?
Julian, wrote:
Who are these people living in “million dollar homes” with a total family income of under $150k?
Correct.
Julian, wrote:
Who are these people living in “million dollar homes” with a total family income of under $150k?
I had the same thought.
People who have/had financial help from Mommy and Daddy, or people who bought their million dollar house well before it was a million dollar house.
McGanahan wrote:Julian, wrote:
Who are these people living in “million dollar homes” with a total family income of under $150k?
Correct.
Well they are not buying Million dollar homes, but they could have conceivably bought in the 90s and now their home is worth a million
Regardless helping people who have kept their jobs just fine and have a household income of $150K seems stupid
The help should be targeted to those who have lost their jobs and have much lower household incomes
It’s just a really inefficient way of throwing money around
Just wrote:This is correct although I think the upper band threshold isn’t super far off. Maybe like 60/120k.
It’s just a really inefficient way of throwing money around