Step one:
Page 781 of the bill provides $25 million to the Democratic-controlled House of Representatives to cover "salary and expenses."
This is called a payoff. Pure and simple.
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Step one:
Page 781 of the bill provides $25 million to the Democratic-controlled House of Representatives to cover "salary and expenses."
This is called a payoff. Pure and simple.
My understanding was that for every $100 you make over $75k, they take $5 off your “Uncle Gubment’s Virus Fun Time Wacky Bucks TM” check.
I've been saying this from the beginning, you want to stimulate the economy through money back to the taxpayers? Whatever amount you were going to send, remove that much from my income taxes. I get the money, people who don't contribute don't.
Edit- I also realize this is different than usual due to trying to help those who are losing jobs, however I still don't believe it's a good move in the long run. Time will tell.
I may be wrong, but I thought part of this package was going lower or eliminate the payroll tax from our work checks for a while.
Does anyone here know if this is indeed part of the bill?
No, it isn't. At least not from the employee side.
Wait i remember them saying there would be a freeze on income tax this year?
Thats what they're doing. If you receive a check, you get a tax credit on your tax return for that amount which means you're not paying any taxes on it.
My understanding of the stim is that it's addressing the cashflow problem. Income tax relief would only help months down the line and require too much "IRS math".
The economy is currently like a manual engine that has its fuel line temporarily blocked. Without a constant fuel feed, the engine stalls and startup will be a bitch.
The best solution to squirt some gas directly into the intake to keep it running for the time it takes to dislodge the blockage.
The income tax solution would be like adding fuel to the tank instead of directly to the engine.
If they want to stimulate the economy, tell the bankers to fuxk off for 4 month. No charging on any loans for 3 months. No interest no late fees no bills
Found the Bernout
LOL
Gimmie, Gimmie, Gimmie, Gimmie, Gimmie, Gimmie, Gimmie, Gimmie, Gimmie, Gimmie, Gimmie, Gimmie, Gimmie, Gimmie, Gimmie, Gimmie, Gimmie, Gimmie, Gimmie, Gimmie, Gimmie, Gimmie, Gimmie, Gimmie,
Big diff. Trump will eliminate the debt during his second term. Bernie would double it to buy 3 more houses.
china needs to pay
False equivalency.
The government took unilateral action which directly caused individual Americans to lose thousands of dollars each. Now the government is using half its annual budget to give that money back to the people who lost it.
They're doing this to prevent massive unemployment surges and a tidal wave of new people getting onto long-term government programs. This thousand-or-so fun-time-wacky-bucks NOW will save us an order of magnitude more as compared to letting things fall where they fall.
For reasons I don't understand, you're conflating a focused and permanent policy of wealth redistribution with a one-time emergency disaster-relief payout.
Stop it.
One way or another, it will stop. I'm hoping it stops with us getting our income back. No I'm not talking about the retarded fucking stimulus. I'm talking about backing taxes down from 50+% to where they should be 2-3%. Also getting all these millions of faggots off welfare. 40+ million motherfuckers on foodstamps alone. ~80% of the budget is social shit that the gov shouldn't be involved with.
Yep, It's $100k and over that gets nothing.
Which is fan fucking tastic. I work at a hospital with COVID+ patients and make to much for these gimmedats and don't even get hazard pay.
Thank you for your service.
Yep. Many medical professions will make more than this limit. On top of that, we're the ones still working everyday and putting our asses on the line, unlike the rest who sit home all day and then post clever things on twitter to make themselves out as heroes.
Well that’s gotta be some form of racism
Isn’t it 150k for joint/married people?
Well, that's a bummer... Another penalty for working hard, getting married, having kids, doing nothing for years to pay off my student loans early, and now making money. I wish there were those magical tax breaks for higher income earners that everyone talks about...
I think it's based on individual pay, not split income. I could be wrong but it looked to me to be based on the individual tax payer 2018 income. So If each person makes $75k then they both get the full amount. If one makes $200k and the other makes zero, then I think the person on $0 gets the payment. Doesn't seem right, but I haven't seen anything about split income.
Yes. At least the first version they agreed on.
If you're making over 100K, what is a measly $1200 bucks going to do for you anyway? I don't get it.
Some people live in areas (big cities, NY, SanFran, probably the only 2) where the cost of living is stupid (I don't see it being more than $100k/ year can handle) and also millions of people just learned the importance of terms like "savings account" & "living beyond your means" & "credit cards are for emergencies".
It's a 2T scam that's going to fuck EVERYONE, including those getting a "payout".
Yep. I find myself not wanting it, just going to have to pay it back later.
Saw that too. Do you know if the same limit and/or ramp down applies to child credit?
Figures
LMAOOOOOOOOOOOOOOO