Who's getting stimulized this go around?

[K Frame]

"Individuals, including children, will receive $600 in direct payements. A family of four could end up with $2,400. The payments decrease for people who made more than $75,000 during 2019. They would phase out completely for people who made above $99,000 in income for that year."

Looks like I'm not. 

[charby]

"Individuals, including children, will receive $600 in direct payements. A family of four could end up with $2,400. The payments decrease for people who made more than $75,000 during 2019. They would phase out completely for people who made above $99,000 in income for that year."

Looks like I'm not. 

But will you be able to claim it as a tax credit on your income taxes like the stimulus 1 was for those who didn't qualify?

[K Frame]

No clue.

[grampster]

I hadn't thought about this before:  Do we have to claim the original $1200 freebie from Uncle Sam Sadie as income when we file our 2020 taxes?

[Ron]

https://www.aarp.org/money/taxes/info-2020/are-stimulus-checks-taxed.html

Some people assume that the IRS will add the amount to your income, generating a bigger tax bill, or reduce your future tax refund when you file your tax return next year. Neither is the case, but this bears some explaining.

[Ben]

This last go round is ridiculous. I'm normally against the gov handouts, but since gov locked things down with bias (actors can work, restaurant servers can't), I don't mind money going to help individuals.

What I do mind is, what does this lousy $600 do now?  A better use of all this money would have been $600/mo to everyone for the last six months, while they argue about which of their favorite entities/programs (both left and right) get the other billions of dollars.

Trump said months ago that he would immediately sign $1200 per person as a stand alone. That would have helped individuals at a more appropriate time, but of course he was kiboshed. The $600 might have helped people in June. At this point, most people are where they are, good or bad. $600 isn't much more helpful at this point than back when W Bush gave everybody a one time payment of a hundred bucks.

[Jim147]

If you got an interest refund due to IRS slow processing you return it is taxable if over $10.00. I think we got a check for $11.30.

[Brad Johnson]

SWMBO and I are in an odd place. I make under the limit for max stimulation, SWMBO makes over the limit for any stimulation. Jointly we were mid-stimulation with my cals showing each of us getting something like $800. Only it didn't happen that way. I got a full check and she got nothing. I guess only being married for a couple months of 2019 means the IRS considers us as individuals when it comes to being stimulated. Weird.

Brad

[MillCreek]

Neither my wife nor I look to be eligible for the latest round of stimulus.

[Fly320s]

I don't qualify and I don't want it anyway.

[dogmush]

It's the same qualifications as last time, right?  We got the last one, so I assume we'll get this one.  (Tax Free Deployment pay FTW).

[sumpnz]

Assuming the income thresholds from last time remains we should get $3600 if I’m reading it right as we have 4 kids.

However, I don’t need it, and would just as soon not get it.  Since I know I’ll be paying for it with interest the rest of my life.

[charby]

This bill is 5500+ pages long. Nuts.

[Ben]

This bill is 5500+ pages long. Nuts.

So nuts that AOC and Ted Cruz (and me) actually agree on something:

https://twitchy.com/samj-3930/2020/12/21/congress-is-broken-aoc-says-she-will-get-in-trouble-but-slams-congress-for-rushing-vote-on-2-5-trillion-spending-bill-ted-cruz-assist/

[charby]

So nuts that AOC and Ted Cruz (and me) actually agree on something:

https://twitchy.com/samj-3930/2020/12/21/congress-is-broken-aoc-says-she-will-get-in-trouble-but-slams-congress-for-rushing-vote-on-2-5-trillion-spending-bill-ted-cruz-assist/

Probably didn't include any of her pet projects, so she's blamestorming.

[Ron]

Thanks for paying for my car registration and insurance this January Uncle Sam.

[Ben]

Probably didn't include any of her pet projects, so she's blamestorming.

I think she's being genuine, and I have to grudgingly respect that. There should be a "Pelosi rule" that results in politicians getting shot if they utter the phrase, "We have to pass it to see what's in it."

That goes for both sides of the aisle.

[charby]

There should be a "Pelosi rule" that results in politicians getting shot if they utter the phrase, "We have to pass it to see what's in it."

That goes for both sides of the aisle.

Sound good to me, or at least take a finger every time they utter the phrase.

[Ben]

Here's some of what is in the bill. Real nice. 

https://twitchy.com/brettt-3136/2020/12/21/they-hate-you-coronavirus-stimulus-bill-includes-no-less-than-10-million-for-gender-programs-in-pakistan/

[Angel Eyes]

Here's some of what is in the bill. Real nice.  

https://twitchy.com/brettt-3136/2020/12/21/they-hate-you-coronavirus-stimulus-bill-includes-no-less-than-10-million-for-gender-programs-in-pakistan/

Just saw that.

Gender programs in Pakistan?

“Climate Security Advisory Council”?

“the Horseracing Integrity and Safety Act of 2020” ?

gender inequality among statues?

Seriously, what the effing eff?

 

[Ben]

Tim Young
@TimRunsHisMouth
·
2h
The Kennedy Center is getting another $14 million in this stimulus bill... that means they've gotten $40.4 total so far...

Enjoy your $600, peasants.

[WLJ]

Just saw that.

Gender programs in Pakistan?

“Climate Security Advisory Council”?

“the Horseracing Integrity and Safety Act of 2020” ?

gender inequality among statues?

Seriously, what the effing eff?

 

[Angel Eyes]

... and the joker will (probably) get sworn in next month.





Now this is a stimulus I could support:

[Lennyjoe]

No soup for me.  Wife gets it though if they look at individual income and not combined

[sumpnz]

No soup for me.  Wife gets it though if they look at individual income and not combined

If you filed as married joint it should be based on your combined income.  Limit is $150k for married-joint filing people.  At least it was last time.