It's pretty dumb. They're probably thinking of the quickest way to get money into people's hands. This way they can just

Mar 19, 2020
8:26:54pm

rainorsnow

automatically send checks or direct deposits to people based off their 2018 tax return without looking at a bunch of other factors. It's not that fair, but I guess it does what they want . . . gets money into the economy quickly.

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rainorsnow

Bio page: rainorsnow
Joined: Aug 22, 2010
Last login: Jun 9, 2024
Total posts: 19,186 (635 FO)

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Messages

Author

Time

$1200 single $2400 joint + $500 per child, AGI $75,000 single $150,000 joint

BYUFootballisBack

3/19/20 8:07pm

So, nobody on CB is getting a check?

jollaksentie

3/19/20 8:08pm

Better luck next time, us.

SandYFan

3/19/20 8:09pm

Yep we are all in the top 5-8% of earners in the USA, top 5%+ in the world

BYUFootballisBack

3/19/20 8:09pm

I graduated last year and only worked 4 months. This is a Christmas miracle!

TCuz

3/19/20 8:19pm

Hey! You don't fit the minimum income requirements for CB!

SandYFan

3/19/20 8:26pm

Get him out of here! 🙂 Says the freeloader...

BYUFootballisBack

3/19/20 8:31pm

people earning more than $99,000 would get nothing

BYUfan92

3/19/20 8:08pm

Single earners with AGI over $99k yes

BYUFootballisBack

3/19/20 8:09pm

Joint over $198k also nothing.

rainorsnow

3/19/20 8:09pm

<< Deleted >>

SuperTank

3/19/20 8:13pm

The silly thing is that 100k in California is like 45k in Mississippi

thebruce

3/19/20 8:10pm

So true. No one ever considers cost of living in these things.

SandYFan

3/19/20 8:10pm

The government is incredibly dumb

thebruce

3/19/20 8:14pm

Sure, but living in Mississippi is punishment enough.

Zach Morris

3/19/20 8:13pm

I’d rather live in Mississippi than California

thebruce

3/19/20 8:16pm

Hard pass on Mississippi

LakeshowCougs

3/19/20 8:40pm

There are some really nice places in Mississippi.

Supercoug

3/19/20 8:43pm

It’s not like you have a choice. You are under house arrest

thebruce

3/19/20 8:56pm

Thats a good point

LakeshowCougs

3/20/20 9:11am

Where does it say anything about joint in that article? So not tied to

LiveCoug

3/19/20 8:15pm

Not official. Another article:

rainorsnow

3/19/20 8:15pm

Its in the actual release, the article has a link to the 247 page report

BYUFootballisBack

3/19/20 8:17pm

This part is silly:

garyfan

3/19/20 8:16pm

That amount of money would do nothing for me anyway.

Belboz

3/19/20 8:19pm

It’s not going to solve anyone’s problems. But if we’re going to

garyfan

3/19/20 8:21pm

I like the idea of giving more to people like my adult children

Belboz

3/19/20 8:23pm

$198k puts you in the top 1-2% of earners in the USA...

BYUFootballisBack

3/19/20 8:20pm

Huh? Are you talking about individual income, or household income?

kos

3/19/20 8:24pm

Yeah that was individual, household $200k looks like its closer to top 8-9%

BYUFootballisBack

3/19/20 8:26pm

Two incomes push to that without either income being too high

Belboz

3/19/20 8:31pm

Maybe its wrong, but I feel sorry for anyone making that much money and living

BYUFootballisBack

3/19/20 9:11pm

This is a horrible take!!! I got killed for it

LakeshowCougs

3/20/20 9:12am

This article says the top 1% of wage earners starts at $513,000. That was in 2017

YIsForBrigham

3/19/20 8:39pm

Then also top 1-2% of taxpayers. And they’re hurting, too.

garyfan

3/19/20 8:25pm

Will they use AGI from 2018?

SuperTank

3/19/20 8:18pm

$4400 coming my way and I don't need it...I'll throw it at my student loans or

WhirleyPop

3/19/20 8:18pm

At least pump SOME into the economy

LiveCoug

3/19/20 8:20pm

Exactly. Go out to eat and tip big. Go on a trip and stay at a hotel and support

Ojiisan

3/19/20 8:27pm

Invest in rolls of TP

mwcoug

3/19/20 8:22pm

I think it’s dumb that a family that made $175k and is employed gets a payment,

ray ray

3/19/20 8:19pm

Yeah thats the intersting part to me... people that lost their jobs need it most

BYUFootballisBack

3/19/20 8:21pm

Sounds like it's got plenty of things that don't make sense, but it appears that it's got momentum and I

rainorsnow

3/19/20 8:23pm

They start scaling it down from 150 to 198k. So someone who makes 175 gets 48%

Blue Print

3/19/20 8:23pm

Based off of 2018 AGI. So if you lost your job last year or this year, you're out of luck.

mik3

3/19/20 8:22pm

It's pretty dumb. They're probably thinking of the quickest way to get money into people's hands. This way they can just

rainorsnow

3/19/20 8:26pm

It’s a stimulus package, not income replacement like unemployment. Different purpose.

Turnpike Lane

3/19/20 8:31pm

I disagree.

garyfan

3/19/20 8:38pm

You can but you’re wrong. People who get the stimulus and are unemployed can still get unemployment.

Turnpike Lane

3/19/20 8:40pm

I disagree that that’s the underlying purpose and motivation.

garyfan

3/19/20 8:45pm

I know. But that stimulus should include the unemployed, especially since a non-negligible number of them

mik3

3/19/20 8:57pm

2019? Or 2018?

OPINIONS

3/19/20 8:26pm

2018

rainorsnow

3/19/20 8:27pm

2018. 2019 is what we'll be filling now, not feasible to use it.

mik3

3/19/20 9:12pm

Do you get $500 per child regardless

JOPE

3/19/20 8:42pm

<< Deleted >>

supertux

3/19/20 9:01pm

<< Deleted >>

CommodoreCoug

3/20/20 9:39am

Well, poop. In 2018 I was able to report a loss... Sucks for me.

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