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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
All right. So I just finished my taxes on TurboTax. I zero'd in everything pretty much. They won't allow e-file this way but they do allow you to print and send by mail.
So there's a work-around for anyone that wants to file for 2019. If they're gonna dick me around, I'mma dick them around lol
So there's a work-around for anyone that wants to file for 2019. If they're gonna dick me around, I'mma dick them around lol
I may be wrong but just 2 payments. The first and then another 6 weeks later. I would assume they could extend it, but this is such a shit show, so who knows.
Bruh this whole thing is a mess. I'm supposedly getting 1200 but this shit is a tragedy and they are utterly trash when it comes to this. That only helps people with food. That doesn't help people with all of their other bills especially when a ton of them are going to be out of work and etc. Like, this is so damn stupid.
This is utterly crazy. People need to fucking live.
This is utterly crazy. People need to fucking live.
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Rent and mortgages are what I am worried about for people. Middle class peopel could be paying well over $2K a month on rent or mortgage alonein pretty much any major city.
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People need to stop getting the hopes up/down. Nothing is in stone yet. I wouldn't spend too much time banking on getting it or not yet.
What's the alternative? America falling to ruin and people starving in the streets? I mean they pretty much have to do something big.
it shuts out anyone who may have had some spike of pay and is making 0 now... which could be a lot.
it shuts out most people that live in major metropolitan areas
it severely limits to poor people
This does NOTHING for people who lost their job due to this. If they made 100k last year and are currently making $0 because they have no job and no pay... well... tough shit?
Its an awful plan that carves out things based on arbitrary AGI's that have no basis in reality to who is actually impacted.
My point is if you're going back through your tax returns and asking VERY specific questions about if you'll get it and how much - it's pointless currently. Call you Senators and demand what you want, and wait to see what the details are. None of this is in stone yet, so people saying "Do I qualify if...?" the answer is still "No one knows."
Exactly. We have a strong cushion, but if this just keeps going for months and months, it will eventually hurt us. We're pretty frugal, but we also are young and have debts, due to school and just getting our lives started. We make good money and are still working, but if I get laid off 2 months from now or my wife's hours are reduced we can't just go on forever.
Yep, you've said it best. The length of this thing is going to really one of the most deciding factors because who's to say we still won't be going through this around July-August? It's crucial.
Mnuchin responds to GOP plan
Mnuchin now basically saying the GOP bill doesn't cut it and wants more people to get checks
Mnuchin Sees GOP Bill as Too Small, Wants Broader Cash Payments By Bloomberg
Mnuchin Sees GOP Bill as Too Small, Wants Broader Cash Payments
www.investing.com
Sweet, now another 3 days will pass until we hear another update on this.Mnuchin now basically saying the GOP bill doesn't cut it and wants more people to get checks
Mnuchin Sees GOP Bill as Too Small, Wants Broader Cash Payments By Bloomberg
Mnuchin Sees GOP Bill as Too Small, Wants Broader Cash Paymentswww.investing.com
Funny that Mnuchin seems to understand how fucked they are if they continue to visibly act like Republicans over this.
What a shame they're all a bunch of Republicans.
What a shame they're all a bunch of Republicans.
Mnuchin now basically saying the GOP bill doesn't cut it and wants more people to get checks
Mnuchin Sees GOP Bill as Too Small, Wants Broader Cash Payments By Bloomberg
Mnuchin Sees GOP Bill as Too Small, Wants Broader Cash Paymentswww.investing.com
I feel kinda gross to be rooting for Mnuchin on anything, but he's right.
McConnell has set a deadline of tonight at midnight for the negotiations, setting up a Monday vote.
Fair enough, those are definite misses but it's still not as terrible as I expected it to be (which was the point of my original comment and really speaks to how terrible the GOP really is).
If my mother is retired and living off Social Security, would she be eligible for this Republican $1200 plan?
Especially since tons of these Republicans called a fucking emergency session over Terri Schiavo 20 years ago.
I may be wrong about this, but it probably also doesn't cover people who happened to cash out on long term capital gains last year, or who received a sizable inheritance from a family trust.
So if you tend to live paycheck to paycheck but last year you brought in a one-time 50-70k from your dead mom or grandma's trust? Tough shit, they should have died another year.
It's completely arbitrary.
Not to mention the fact that a DINK couple making $140k (or even with 1 kid) is going to be better off, generally, than a single engineer making $80k (me), yet they get the payment while i don't?
Give it to everyone and figure out who needed it come tax filing time in 2021, 2022, and 2023, after this has all passed.
Wouldn't she at least continue to get her social security?
But I hope a plan passes where all adults get checks so the economy can lifted up higher.
They're hammering out the deal now, writing the bill, bringing it to the floor Sunday for debate and voting on passage Monday.
I'm not pissed if she doesn't get it, but I was just wondering. She is my roommate, and we do share expenses.
Mnuchin and Romney are part of the big business side of the GOP that don't want the economy crashing down.
House members leaving town was such a gigantic fuckup.
Shit so let's say I hypothetically completely forgot to file my taxes last year (I believe I was due about a $300 refund but I didn't have the forms I needed when I went last apirl and never got around to filing them late) and I haven't done them yet this year, am I SOL or do I still have a chance?
I mean, I've PAID my taxes so I should be eligible right? I just haven't got my refund.
I mean, I've PAID my taxes so I should be eligible right? I just haven't got my refund.
So what the hell is going on here? We getting $1k once? $2k monthly? Who gets the money? Unemployed? Everyone? Certain income brackets? When is it happening?
I mean, this is a clusterfuck.
I mean, this is a clusterfuck.
It also fucks over unmarried single-income families (ie head of household filers), but then again so does half the tax code
really, any attempt at income testing will cause gaps and that entire idea should be scrapped. If a few millionaires get some thousand dollar checks, who cares?
Did she file taxes last year or did you claim her as a dependent? Thats how the republican plan is counting people at the moment.
Not a fan of the dude since he's a Supply Side economics wacko, but even he knows that the GOP Senate are a bunch of idiots.
No on the dependent question, but yes on the taxes. I forgot that she does get some pension money from United Airlines and Met Life.