Author Topic: Plans to spend your third socialist check?  (Read 7918 times)

hutch

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Plans to spend your third socialist check?
« on: January 06, 2021, 02:05:34 pm »
Your boy Schumer, Hatch

https://www.axios.com/schumer-coronavirus-stimulus-checks-4f129a32-b027-40d4-86c9-b81f2258e8cc.html


Is this really $2000 per person or $2000-$600 from second check? Is it $2000 per kid? Same income limits?

Space Freely

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Re: Plans to spend your third socialist check?
« Reply #1 on: January 06, 2021, 02:24:36 pm »
I would love for them to get the vaccine program in high gear, so i can go on a (domestic) summer vacation, and spend my socialist check. Or, make life safe enough so i can have workers in my house to do some home improvements. Otherwise, we'll just bank it for later....

hutch

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Re: Plans to spend your third socialist check?
« Reply #2 on: January 06, 2021, 02:29:47 pm »
Is there a way to tell people they get the check if they show proof of vaccine or is that beyond the pale?

I guess that would delay check but I would love to see government pay people $1000 per vaccination

Re: Plans to spend your third socialist check?
« Reply #3 on: January 08, 2021, 06:20:19 pm »
looks like smakie might get to double-dip on this one
CA Gov. Gavin Newsom: "We're proposing a Golden State stimulus to basically make those $600 checks that people are starting to receive from the federal government, get them to be $1200. We want to roughly get 4 million checks out within three weeks of me signing this package.”
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vansmack

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Re: Plans to spend your third socialist check?
« Reply #4 on: January 08, 2021, 06:25:04 pm »
looks like smakie might get to double-dip on this one

Really, you think so?

"The Golden State Stimulus would refund $600 to all 2019 taxpayers who received a California Earned Income Tax Credit (CalEITC) in 2020. Californians with annual incomes of $30,000 or less may be eligible for the CalEITC."
27>34

Re: Plans to spend your third socialist check?
« Reply #5 on: January 08, 2021, 06:27:44 pm »
looks like smakie might get to double-dip on this one

Really, you think so?

"The Golden State Stimulus would refund $600 to all 2019 taxpayers who received a California Earned Income Tax Credit (CalEITC) in 2020. Californians with annual incomes of $30,000 or less may be eligible for the CalEITC."

...didn't know it was means tested
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vansmack

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Re: Plans to spend your third socialist check?
« Reply #6 on: January 08, 2021, 06:31:48 pm »
...didn't know it was means tested

Unlike say, Julian, I'm not insulted that you thought I qualified for the Federal Stimulus check, but that insinuation was borderline defamation.
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Re: Plans to spend your third socialist check?
« Reply #7 on: January 08, 2021, 06:57:47 pm »
...didn't know it was means tested

Unlike say, Julian, I'm not insulted that you thought I qualified for the Federal Stimulus check, but that insinuation was borderline defamation.
I mean you do own a home in the heart of SF...so one should be able to put two and too together
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hutch

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Yada

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Re: Plans to spend your third socialist check?
« Reply #9 on: February 03, 2021, 03:47:10 am »
Side hatch knows I'm way too wealthy, but if I did qualify, a large helping of Ambien.

grateful

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Re: Plans to spend your third socialist check?
« Reply #10 on: February 03, 2021, 11:20:13 am »
If you only got a partial amount in round 2, they'll make up the difference with a credit when you file your 2020 taxes.

Space Freely

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Re: Plans to spend your third socialist check?
« Reply #11 on: February 03, 2021, 11:26:56 am »
If you only got a partial amount in round 2, they'll make up the difference with a credit when you file your 2020 taxes.

This applies to me, but I'm also not the smartest guy. Can you explain what this means to me? Will I also get a partial third check, or a full one.

For example:

So you are saying that if we got $1000 in round two, and we are three people ($1800), we'd get $800 tax credit? Does that mean I will have to pay $800 less in taxes, or does it mean my taxable income gets adjusted down by $800?

grateful

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Re: Plans to spend your third socialist check?
« Reply #12 on: February 03, 2021, 12:30:31 pm »
If you only got a partial amount in round 2, they'll make up the difference with a credit when you file your 2020 taxes.

This applies to me, but I'm also not the smartest guy. Can you explain what this means to me? Will I also get a partial third check, or a full one.

For example:

So you are saying that if we got $1000 in round two, and we are three people ($1800), we'd get $800 tax credit? Does that mean I will have to pay $800 less in taxes, or does it mean my taxable income gets adjusted down by $800?

You'll owe $800 less in taxes or you'll get $800 more in a refund, depending on which situation you're in.

Space Freely

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Re: Plans to spend your third socialist check?
« Reply #13 on: March 08, 2021, 12:52:07 pm »
So a couple with 10 kids gets $16,800 if their adjusted gross income is 150K but gets nothing if their adjusted gross income in 160K. That doesn't seem right.

https://www.washingtonpost.com/graphics/business/coronavirus-stimulus-check-calculator/

Re: Plans to spend your third socialist check?
« Reply #14 on: March 08, 2021, 02:53:07 pm »
although, the person with 10kids and less than 150k in income might deserve an award
I do think you are not calculating the child tax credit, which I think is going from 2k to 3K per kid...

I just don't know how people can have more than 2-4 kids
I guess if you lived with aunts, uncles, and grandparents...maybe that's doable
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