people who make more than 100k won't get any checks. People who make between 70k and 100k will get a reduced amount. Only people who make about average income will receive the full stimulus check.
I looked at 1 draft of the bill and it said 2019 tax return otherwise insert 2018 if you have not filed your 2019 return. So what I gathered it might be 2019 taxes if you have your tax return in by the time the bill gets signed or 2018 if not.
but you are correct Longball300, most of us will not see a stimulus check.
IDK the latest but I think I heard there was a $75k/yr cutoff for stimulus help - I think it should be higher, maybe up to $150k b/c in some parts $100k is really middle-class - still, the folks at the bottom should get the most help.
This link has a calculator for the stimulus check. If you make $99,000 or more as a single person, you will receive nothing. If you make $75, 000 or less as a single person, you will get the full $1,200. Between $75,000 and $99,000 will be a reduced amount of stimulus.
Desert, the problem with going that extreme is that there's no guarantee that someone who did that well last year is in any better shape than anyone else right now. I'm sure that they thought of this is coming up with a balanced approach to reducing payments at increasingly higher levels. They also aren't reducing the $500 payment per kid regardless of income.
There are plenty of people who did well last year who likely need some help now, including entrepreneurs who reinvested their profits into their businesses, higher income earners who live in areas with crazy living expenses (San Fran, NYC, others) and yet plenty of others who just blew their cash never anticipating this type of complete economic shutdown.
Shoot, without disclosing too much about my own finances, even under the current calculation method I wouldn't be getting much to speak of if not for the automatic $500 per kid. Thank goodness I work in the industry that I do because I don't know how long I could endure a full shutdown either before I had to close up shop and seek work elsewhere.
I’m going to save mine for a trip to FKK, TJ and Falcons game in London. I think I’m about done with ATL (outside Follies), Miami, TB clubs. Way too expensive and a fraction of the experience you get at TJ. And if FKK is what LondonGuy says it is. Oh my. Just that airfare would prevent me from making it a regular thing.
30 comments
Latest
Faces are swappable. V2 faces are attached with magnets according to their website.
but you are correct Longball300, most of us will not see a stimulus check.
https://www.cnbc.com/2020/03/27/the-stim…
There are plenty of people who did well last year who likely need some help now, including entrepreneurs who reinvested their profits into their businesses, higher income earners who live in areas with crazy living expenses (San Fran, NYC, others) and yet plenty of others who just blew their cash never anticipating this type of complete economic shutdown.
Shoot, without disclosing too much about my own finances, even under the current calculation method I wouldn't be getting much to speak of if not for the automatic $500 per kid. Thank goodness I work in the industry that I do because I don't know how long I could endure a full shutdown either before I had to close up shop and seek work elsewhere.