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Coronavirus bill (formerly GOP relief bill)
19 March 2020, 09:38 PM
jon-nycCoronavirus bill (formerly GOP relief bill)
GOP bill on immediate checks:
-- $1,200 per person ($2,400 if filing jointly)
-- $500 per kid
-- Begins to phase out above $75K
-- Phases out completely above $99K
-- Much smaller benefit, of $600, for millions w/o federal tax liability
So say you’re a single mom waitress with EITC so your tax liability is zero, only half the benefit for you!
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If you think looting is bad wait until I tell you about civil forfeiture.
19 March 2020, 10:11 PM
Piano*DadI've heard mention of GOP desires to push sizable corporate tax cuts. I would oppose that.
Not sure the benefit should phase out at 99K. That's too low. Many people with incomes in the 100s have low savings and decent sized debts (student loans, car loans, mortgages) that won't wait until their paychecks return.
19 March 2020, 10:48 PM
markjWhy are our "representatives" so freaking out of touch with reality?
What the fvck makes anyone think that $80k is a lot of money in today's world?
19 March 2020, 10:48 PM
jon-nycWhat irks me is the benefit cut at the low end.
What’s the opposite of means testing?
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If you think looting is bad wait until I tell you about civil forfeiture.
19 March 2020, 10:49 PM
jon-nycquote:
Originally posted by markj:
Why are our "representatives" so freaking out of touch with reality?
What the fvck makes anyone think that $80k is a lot of money in today's world?
Especially given most cases will be in denser areas where things are more expensive
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If you think looting is bad wait until I tell you about civil forfeiture.
19 March 2020, 10:50 PM
markjSeriously.
19 March 2020, 10:52 PM
LLquote:
Originally posted by jon-nyc:
GOP bill on immediate checks:
-- $1,200 per person ($2,400 if filing jointly)
-- $500 per kid
-- Begins to phase out above $75K
-- Phases out completely above $99K
-- Much smaller benefit, of $600, for millions w/o federal tax liability
So say you’re a single mom waitress with EITC so your tax liability is zero, only half the benefit for you!
So say you live on SS and have no job? Still gets a check? Discussion tonight with friend. I said no, she said yes. ???
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The earth laughs in flowers
19 March 2020, 11:10 PM
jon-nycProbably still get a check because SS is partially taxable.
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If you think looting is bad wait until I tell you about civil forfeiture.
20 March 2020, 08:34 AM
Axtremusquote:
Originally posted by jon-nyc:
What irks me is the benefit cut at the low end.
+1
20 March 2020, 12:56 PM
Jack FrostAre the phas out numbers per person?
Jf
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Be calm, be brave, it'll be okay.
20 March 2020, 01:53 PM
markjI assume it will be taxable or deducted from any refund next year, or added to anything owed.
20 March 2020, 03:02 PM
wtgI don't think so mark. It's a straight payment, unlike the Bush era tax credit.
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We are all visitors to this time, this place. We are just passing through. Our purpose here is to observe, to learn, to grow, to love… and then we return home. - Australian Aboriginal proverb
Bazootiehead-in-training
20 March 2020, 03:18 PM
AxtremusDiscuss what's good, bad, scary, or missing in COVID-19 bailout/stimulus plan.
20 March 2020, 04:10 PM
CindysphinxTotal joke. Insulting to most people.
Say you are a single parent with one kid in day care. You're laid off. You have rent, food, and day care as major expenses. You cannot give up your slot in day care because you can't work without it, once work resumes. Your monthly rent is $1200, your food is $500, your day care is $2000, your utilities are $300.
You get $1700 from the government?
You might want to use it to buy a tent and some sleeping bags, 'cause you're about to be homeless.
20 March 2020, 05:09 PM
NinaIt's a pretty blunt object, with little use other than to help the GOP say they did something. I agree with Cindy, and it's the same old carp they did post 9-11. Remember those $300 checks we were supposed to use to go out and "stimulate the economy"?
I was so annoyed I gave mine to Planned Parenthood.