Not the money distribution.
It was his plan to kill everyone that came out for the money that made him look bad.
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Trump seeking $850B in emergency stimulus ($500B in payroll tax cut, $250B for small business loans, $58B for airlines) UP: Possibly sending checks
- Thread starter GK86
- Start date
Not the money distribution.
It was his plan to kill everyone that came out for the money that made him look bad.
that's the plan according to a reporter that I was watching on CNBC
So $2400 for my and my wife? Wont complain, we will add it to our home downpayment fund.
GOP plan
It feels like people my age/in a similar situation might get lost in the fold, but I'll remain optimistic for now.
$1200 unless you have dependents. It's based off of your 2018 tax filings.
Hopefully the dems put forth a better bill in the house. I feel like they have the leverage as trump wants something passed as he'll do anything to salvage what's left of the economy right now.
Im assuming you mean your salary was 60k first half of the year and 85k the second half of the year... So you'd probably be under 75k for 2019.
2018 fillings were over 100k compared to under 50k in 2019. We aren't getting anything.
What if you have a disabled adult living with you who has never worked? Are they considered an adult or a child?
75k per individual, 150k if you filed jointly. That's just the phase out limit. They take $5 for every $100 over the phase out limit up to 99k and 198k respectively.
Am I reading this right? I'm a veteran who's been going to school exclusively for the last year and a half, living off of my GI compensation. According to this, I might be looking at $600?
It really shouldn't be based off anything because what if you were on track for say 75 but now you could be out of work for weeks to months. Thatll drop your real bracket down. Chris Hayes said send the checks then collect depending on the 2020 income. Like if you make 100k you'll own the 1200
From the looks of it, they'd be neither an adult or child unless they were a dependent on your 2018 tax filings. If so, you'd get an $500 for that disabled adult. If you made more than $75,000, you'd get way less.
edit: my mistake. Looks like they'd get $600 from the looks of it.
Who are we going to borrow the money from for stimulus? Usually it's China but they're in the thick of it with us.
Might have been nice to have had higher taxes the last several years...
Might have been nice to have had higher taxes the last several years...
That bill is complete bullshit. Basing on 2018 Tax returns? Really? What if someone lost his job and got a lower paying job since then?
Then you have a situation like mine, where I filled jointly with my wife back then and she didn't have a job. I will benefit greatly because our joint income back then falls beneath the 150k threshold.
This is stupid writing stupid.
Then you have a situation like mine, where I filled jointly with my wife back then and she didn't have a job. I will benefit greatly because our joint income back then falls beneath the 150k threshold.
This is stupid writing stupid.
Giving money to everyone now and collecting based on a future 2020 return only makes sense if you actually have good intentions writing the bill and genuinely want to help families and the economy. It's being done the current way because it's just being used for optics and political points.
We'll borrow from ourselves like we do most of our debt.
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Who Owns the US National Debt?
The majority of the U.S. national debt is owned by Social Security, the Federal Reserve, and foreign investors. Learn how that impacts the economy and you.
And yeah, could've used higher taxes for most of the last 40 years. Thanks St. Reagan! Thanks trickle down!
Look at section 6428, on page 35 of the bill.
Is this just a tax credit applied to next year's return? That's what seems to be described there. I don't know though, these things are written obtusely on purpose.
Is this just a tax credit applied to next year's return? That's what seems to be described there. I don't know though, these things are written obtusely on purpose.
This part of the bill makes no sense to me. Why would veterans and people who make almost nothing be in less need of money than people making $75k?
Yeah that's bullshit, people with young kids are gonna need this now more then ever
As expected, this bill pretty much sucks.
I read it 3 times and cannot tell what exactly they mean, as it's written very obtusely as you state. But I'd have to assume even they are not insane enough to have it just be a tax credit applied to next year's return. It has to be a check sent out.
I read it 3 times and cannot tell what exactly they mean, as it's written very obtusely as you state. But I'd have to assume even they are not insane enough to have it just be a tax credit applied to next year's return. It has to be a check sent out.
I'd do the opposite. If this is what the Senate (Republicans) have drafted now and it doesn't do anything for you, call your senator and let them know to do better.