Author Topic: Plans for your socialist check?  (Read 202 times)

Julian, Adroit TASTEMAKER

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Re: Plans for your socialist check?
« Reply #15 on: March 25, 2020, 11:46:11 am »
Space is going to be outraged

Just missed the household cutoff for getting one, but as long as we both get to keep our jobs, not at all outraged.
Yeah, agreed. I'm in healthcare with zero chance of this impacting anything other than an annual bonus so I can't get bent over this at all. I don't really need it.
LVMH

Space Freely

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Re: Plans for your socialist check?
« Reply #16 on: March 25, 2020, 11:59:57 am »
This seems kind of unfair to the go-getters who made more money in 2019 and who already filed their taxes:

The phase-out for top earners will be done using 2019 tax returns or 2018 returns if the taxpayer in question hasnít filed their 2019 taxes yet.


Note: I haven't filed my taxes, so this is not me whining.

Space Freely

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Re: Plans for your socialist check?
« Reply #17 on: March 25, 2020, 12:04:14 pm »
Oh, I just realized our adjusted gross income may be below the cutoff. Will have to check.

But anyway, why are they sending Americans cash? Shouldn't it be tied to job loss? Is the point that they just want us to spend more money to try to keep the economy afloat?

Re: Plans for your socialist check?
« Reply #18 on: March 25, 2020, 12:12:09 pm »
Is the point that they just want us to spend more money to try to keep the economy afloat?
yes
LAMF

Julian, Adroit TASTEMAKER

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Re: Plans for your socialist check?
« Reply #19 on: March 25, 2020, 12:15:23 pm »
Oh, I just realized our adjusted gross income may be below the cutoff. Will have to check.
Oh, that's interesting especially if they'll use my 2018 figure instead of 2019 if my tax guy hasn't sent it off yet.

I do think this should be a bit more tied to local economies. $200k in Richmond is a significantly different amount of money than $200k in DC which is a significantly different amount of money than $200k in Vansmack Country.
LVMH

hutch

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Re: Plans for your socialist check?
« Reply #20 on: March 25, 2020, 12:16:41 pm »
Also so people donít start burning and looting

Space Freely

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Re: Plans for your socialist check?
« Reply #21 on: March 25, 2020, 12:33:09 pm »
Space is going to be outraged

Just missed the household cutoff for getting one, but as long as we both get to keep our jobs, not at all outraged.



Correction: Will be getting some stimulus money, so won't be looting and burning.

Not sure that I'll be spending it all though. My daughter can no longer nag my wife into taking her on Saturday shopping sprees, and I'm likely to drink down my beer supply rather than go shopping for more.

Re: Plans for your socialist check?
« Reply #22 on: March 26, 2020, 08:01:45 am »
Now we have details...
Direct payments: Americans will receive a one-time direct deposit of up to $1,200, and married couples will get $2,400, plus an additional $500 per child. The payments will be available for incomes up to $75,000 for individuals and $150,000 for married couples. This is true even for those who have no income, as well as those whose income comes entirely from non-taxable, means-tested benefit programs, such as Social Security.

Obviously some of the means-tested stuff is not in here
So since most of you live in the DMV and top these caps...likely getting very little


But you likely have a mortgage?
The bill would allow homeowners with federally backed mortgage loans to request loan forbearanceóthat is, delayed paymentófor an initial period of 180 days, and that forbearance could be extended for another 180-day period if necessary.
Although, technically this is not a 'deal' at all, just pushes out payments without penatiles, but you still cover the interest crrued durring that time...Meaning, overtime you spent more money to get that 6 month break.   But six months of not paying your mortgage would likely help people create a nice nest egg/saftey net or pay down other high interest loans
Hopefully not create a rush to by a new Harley or SeeDoo
« Last Edit: March 26, 2020, 08:07:14 am by The real people hatch ılıll|̲̅̅●̲̅̅|̲̅̅=̲̅̅|̲̅̅●̲̅̅|llıl »
LAMF

Heilung4eva

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Re: Plans for your socialist check?
« Reply #23 on: March 26, 2020, 08:57:22 am »
So delayed payments, not skipped payments.  So you can skip this month and pay double next month with interest? Sounds like a trap.

Re: Plans for your socialist check?
« Reply #24 on: March 26, 2020, 09:04:05 am »
interest continues to accrue during forbearance, putting payments on ice will cause debt to grow rather than diminish

I wouldn't say it's a trap, but should only be used if you can't make the payments, (as in the end you pay more)
 not so you can blow the money supporting your favorite TikTok weblebrity
« Last Edit: March 26, 2020, 09:06:43 am by The real people hatch ılıll|̲̅̅●̲̅̅|̲̅̅=̲̅̅|̲̅̅●̲̅̅|llıl »
LAMF

StoneTheCrow

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Re: Plans for your socialist check?
« Reply #25 on: March 26, 2020, 09:57:04 am »
I guess the mortgage payment delays are there to help folks who arenít eligible for the payout? I guess thatís good.

Space Freely

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Re: Plans for your socialist check?
« Reply #26 on: March 26, 2020, 10:24:41 am »
Now we have details...
Direct payments: Americans will receive a one-time direct deposit of up to $1,200, and married couples will get $2,400, plus an additional $500 per child. The payments will be available for incomes up to $75,000 for individuals and $150,000 for married couples. This is true even for those who have no income, as well as those whose income comes entirely from non-taxable, means-tested benefit programs, such as Social Security.

Obviously some of the means-tested stuff is not in here
So since most of you live in the DMV and top these caps...likely getting very little


But you likely have a mortgage?
The bill would allow homeowners with federally backed mortgage loans to request loan forbearanceóthat is, delayed paymentófor an initial period of 180 days, and that forbearance could be extended for another 180-day period if necessary.
Although, technically this is not a 'deal' at all, just pushes out payments without penatiles, but you still cover the interest crrued durring that time...Meaning, overtime you spent more money to get that 6 month break.   But six months of not paying your mortgage would likely help people create a nice nest egg/saftey net or pay down other high interest loans
Hopefully not create a rush to by a new Harley or SeeDoo

Check your tax statements. Those numbers are adjusted gross income, which is significantly less than gross salary.

 Most people in the DMV make less than those limits...the median household income in Fairfax is 122K, Arlington is 104K, Montgomery is 108K, and DC is 85K. And the adjusted gross would be significantly less.

Re: Plans for your socialist check?
« Reply #27 on: March 26, 2020, 10:43:26 pm »
have you ever even heard of this guy...Rep Thomas Massie KY
potentially jeopardizing passage of $2T stimulus package!


Already has my ire with statements like this

Thomas Massie @RepThomasMassie
Universal vote by mail would be the end of our republic as we know it.
LAMF

Re: Plans for your socialist check?
« Reply #28 on: March 27, 2020, 10:32:52 am »
Massie's stunt also caught the eye of Donald Trump, who said Massie should be expelled from the GOP for his move.

Massie, for his part, has been downplaying COVID-19 and calling out the social distancing measures put in place to stop its spread...
"The greater harm to society is the publicís unquestioning acceptance of the unchecked authority of governments to force private behavior and disrupt economies," Massie tweeted on March 16, as the virus was starting to grow in the United States. "When this is over, I fear FDR's internment of Japanese-Americans is going to look like a 'light touch.'"


Dude is comparing the stay at home to the internment of Japanese-Americans!
LAMF

hutch

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Re: Plans for your socialist check?
« Reply #29 on: March 27, 2020, 10:46:07 am »
I just donít see this stupidity in other places on our globe


In Argentina there is a massive stay at home order and everyone is on board..you donít have voices denying science..or saying let the old all die so my kid can go to school and I donít have to be around my lame wife working at home..if there is complaining itís that government officials arenít doing enough!

Itís making me wonder if I have underestimated the stupidity of the American people? How is that possible?

I mean this shit is embarrassing