Topic: Too good to be true- Stimulus 2
Anonymous A started this discussion 6 years ago #98,927
A second stimulus check?
Some members of Congress and President Donald Trump have commented that a one-time payment of $1,200 may not be enough money for many Americans who have lost their job or faced financial hardship. The CARES Act is the third stimulus bill related to Coronavirus passed by Congress, and a fourth stimulus bill could be possible. During the 2008 financial crisis, for example, the IRS sent two rounds of stimulus checks. What will a second stimulus check look like? Well, here’s one possibility: two congressmen want to give monthly cash payments to Americans who have been impacted by the COVID-19 pandemic. Representatives Tim Ryan (D-OH) and Ro Khanna (D-CA) introduced new congressional legislation — the Emergency Money for the People Act — to provide monthly cash payments to eligible Americans until employment returns to pre-COVID-19 levels.
Emergency Money For The People Act
If passed by Congress in its current form, the Emergency Money for the People Act would work like this:
Eligible Americans would receive $2,000 in cash per month guaranteed for at least six months.
These monthly cash payments would continue until the employment to population ratio for people ages 16 and older is greater than 60%.
The monthly cash payments would not count as income.
The monthly cash payments would not adversely impact anyone’s ability to qualify for an income-based federal or state assistance program.
Who Would Be Eligible
As with the $1,200 stimulus check (Economic Impact Payment), not every American would be eligible for a stimulus check under the Emergency Money for the People Act. Here’s who would get a monthly cash payment under this legislative proposal:
Every American adult age 16 and older making less than $130,000 annually would receive $2,000 a month;
Married couples earning less than $260,000 would receive at least $4,000 per month;
Qualifying families with children will receive an additional $500 per child, with funds capped at a maximum of three children.
College students and adults with disabilities who are still claimed as a dependent would be eligible.
The individual would receive the monthly payment and their parent or guardian would receive the dependent credit.
Individuals who are unemployed or who had no earnings would be eligible.
Some members of Congress and President Donald Trump have commented that a one-time payment of $1,200 may not be enough money for many Americans who have lost their job or faced financial hardship. The CARES Act is the third stimulus bill related to Coronavirus passed by Congress, and a fourth stimulus bill could be possible. During the 2008 financial crisis, for example, the IRS sent two rounds of stimulus checks. What will a second stimulus check look like? Well, here’s one possibility: two congressmen want to give monthly cash payments to Americans who have been impacted by the COVID-19 pandemic. Representatives Tim Ryan (D-OH) and Ro Khanna (D-CA) introduced new congressional legislation — the Emergency Money for the People Act — to provide monthly cash payments to eligible Americans until employment returns to pre-COVID-19 levels.
Emergency Money For The People Act
If passed by Congress in its current form, the Emergency Money for the People Act would work like this:
Eligible Americans would receive $2,000 in cash per month guaranteed for at least six months.
These monthly cash payments would continue until the employment to population ratio for people ages 16 and older is greater than 60%.
The monthly cash payments would not count as income.
The monthly cash payments would not adversely impact anyone’s ability to qualify for an income-based federal or state assistance program.
Who Would Be Eligible
As with the $1,200 stimulus check (Economic Impact Payment), not every American would be eligible for a stimulus check under the Emergency Money for the People Act. Here’s who would get a monthly cash payment under this legislative proposal:
Every American adult age 16 and older making less than $130,000 annually would receive $2,000 a month;
Married couples earning less than $260,000 would receive at least $4,000 per month;
Qualifying families with children will receive an additional $500 per child, with funds capped at a maximum of three children.
College students and adults with disabilities who are still claimed as a dependent would be eligible.
The individual would receive the monthly payment and their parent or guardian would receive the dependent credit.
Individuals who are unemployed or who had no earnings would be eligible.
Fake anon !ZkUt8arUCU joined in and replied with this 6 years ago, 1 minute later[^] [v] #1,116,458
Fuck yeah this is an awesome bill I hope something like it gets signed into law.
tteh !MemesToDNA joined in and replied with this 6 years ago, 1 minute later, 3 minutes after the original post[^] [v] #1,116,459
Based COVID-19 establishing UBI.Fake anon !ZkUt8arUCU replied with this 6 years ago, 9 minutes later, 13 minutes after the original post[^] [v] #1,116,461
tteh !MemesToDNA replied with this 6 years ago, 1 minute later, 14 minutes after the original post[^] [v] #1,116,462
Fake anon !ZkUt8arUCU replied with this 6 years ago, 1 minute later, 16 minutes after the original post[^] [v] #1,116,466
Erik !jzYkdX7lIw joined in and replied with this 6 years ago, 21 minutes later, 37 minutes after the original post[^] [v] #1,116,477
Anonymous A (OP) replied with this 6 years ago, 1 hour later, 2 hours after the original post[^] [v] #1,116,501
Anonymous A (OP) double-posted this 6 years ago, 1 minute later, 2 hours after the original post[^] [v] #1,116,503
Anonymous E joined in and replied with this 6 years ago, 1 hour later, 4 hours after the original post[^] [v] #1,116,556
@OP
Great idea but it’s a democratic sponsored bill, anything that goes through the House is going to need at some GOP support if the Senate and WH is even going to entertain it
Great idea but it’s a democratic sponsored bill, anything that goes through the House is going to need at some GOP support if the Senate and WH is even going to entertain it
chill dog !!81dzJNNYL joined in and replied with this 6 years ago, 2 hours later, 6 hours after the original post[^] [v] #1,116,629
> College students and adults with disabilities who are still claimed as a dependent would be eligible.
That's great! They got boned by the last bill.
That's great! They got boned by the last bill.
Anonymous A (OP) replied with this 6 years ago, 2 minutes later, 6 hours after the original post[^] [v] #1,116,631
@previous (chill dog !!81dzJNNYL)
Well they should have. They are lowering their parents tax bill significantly.
Well they should have. They are lowering their parents tax bill significantly.
chill dog !!81dzJNNYL replied with this 6 years ago, 4 minutes later, 6 hours after the original post[^] [v] #1,116,635
@previous (A)
Many of them aren't living with their parents and have had their summer job/internship offers rescinded. Student loans/financial aid doesn't pay out during the summer. Not receiving stimulus funds has really fucked them.
Many of them aren't living with their parents and have had their summer job/internship offers rescinded. Student loans/financial aid doesn't pay out during the summer. Not receiving stimulus funds has really fucked them.
Dead !Pool..v42s joined in and replied with this 6 years ago, 1 hour later, 7 hours after the original post[^] [v] #1,116,664
Why isn't this thread named "Stimulus 2: electric boogaloo" ?
Anonymous A (OP) replied with this 6 years ago, 2 hours later, 10 hours after the original post[^] [v] #1,116,723
@1,116,635 (chill dog !!81dzJNNYL)> If you earn the median household income of around $51,000, the monthly value of each withholding allowance is estimated at $82, according to Intuit. Therefore, if you are claiming one when you should be claiming four allowances, you are looking at a difference of around $250 per month, or around $125 per paycheck.7 Jun 2014
That's over $6000 per year.
These are old figures that popped up quickly. There is no doubt that the amounts are higher now.
So much for whining about one $1200 check.
(Edited 2 minutes later.)
chill dog !!81dzJNNYL replied with this 6 years ago, 36 minutes later, 10 hours after the original post[^] [v] #1,116,735
@previous (A)
The parents receive that benefit. The students, many of whom do not live at home, who do not receive financial aid/student loans when school is not in session and who are now without their summer jobs/internships, do not receive those tax benefits.
The parents receive that benefit. The students, many of whom do not live at home, who do not receive financial aid/student loans when school is not in session and who are now without their summer jobs/internships, do not receive those tax benefits.
Anonymous A (OP) replied with this 6 years ago, 1 hour later, 12 hours after the original post[^] [v] #1,116,791
chill dog !!81dzJNNYL replied with this 6 years ago, 11 minutes later, 12 hours after the original post[^] [v] #1,116,793
@previous (A)
Hence they were boned by the stimulus bill and it's great that this new one will hopefully provide them with some support.
Hence they were boned by the stimulus bill and it's great that this new one will hopefully provide them with some support.
Anonymous A (OP) replied with this 6 years ago, 37 minutes later, 13 hours after the original post[^] [v] #1,116,802
@previous (chill dog !!81dzJNNYL)
Their parents paid thousands of dollars less in taxes because of those kids being dependents.
So the kids were not 'boned' by not gettin $1200.
Their parents paid thousands of dollars less in taxes because of those kids being dependents.
So the kids were not 'boned' by not gettin $1200.
chill dog !!81dzJNNYL replied with this 6 years ago, 25 minutes later, 13 hours after the original post[^] [v] #1,116,816
@previous (A)
The parents got the tax benefits. The kids, who are actually adults, got no benefits and are boned.
The parents got the tax benefits. The kids, who are actually adults, got no benefits and are boned.
Anonymous A (OP) replied with this 6 years ago, 9 minutes later, 14 hours after the original post[^] [v] #1,116,826
@previous (chill dog !!81dzJNNYL)
Well too damned bad. From my perspective 12 or 14 grand over 4 years is way above $1200. WHY should the kids get $1200 when their parents got $14,000...when people without kids only get $1200?
Fuck that..
Well too damned bad. From my perspective 12 or 14 grand over 4 years is way above $1200. WHY should the kids get $1200 when their parents got $14,000...when people without kids only get $1200?
Fuck that..
chill dog !!81dzJNNYL replied with this 6 years ago, 5 minutes later, 14 hours after the original post[^] [v] #1,116,833
@previous (A)
Because the kids usually don't live at home and are now jobless and without their financial aid or student loans. You know what? I've said this like five times in this thread. If you're too stupid to understand that by this point, it's hopeless.
Because the kids usually don't live at home and are now jobless and without their financial aid or student loans. You know what? I've said this like five times in this thread. If you're too stupid to understand that by this point, it's hopeless.
Anonymous A (OP) replied with this 6 years ago, 7 minutes later, 14 hours after the original post[^] [v] #1,116,842
@previous (chill dog !!81dzJNNYL)
So fucking what?
I dont give two fucks. My point is valid and yours is whiney bullshit.
So fucking what?
I dont give two fucks. My point is valid and yours is whiney bullshit.
chill dog !!81dzJNNYL replied with this 6 years ago, 2 minutes later, 14 hours after the original post[^] [v] #1,116,844
@previous (A)
You're a dependent of your mother yet you get the stimulus check. But these college students who don't live at home and who had jobs lined up don't deserve the stimulus check? You sound like the whiny boomer "I got mine so fuck you" bitch here, dear.
You're a dependent of your mother yet you get the stimulus check. But these college students who don't live at home and who had jobs lined up don't deserve the stimulus check? You sound like the whiny boomer "I got mine so fuck you" bitch here, dear.
Anonymous A (OP) replied with this 6 years ago, 2 minutes later, 14 hours after the original post[^] [v] #1,116,847
chill dog !!81dzJNNYL replied with this 6 years ago, 8 minutes later, 14 hours after the original post[^] [v] #1,116,858
Anonymous A (OP) replied with this 6 years ago, 12 minutes later, 14 hours after the original post[^] [v] #1,116,873
@previous (chill dog !!81dzJNNYL)
Well, I have clearly expressed why whining babies dont get their $1200 check...but you keep talking foolishness.
Well, I have clearly expressed why whining babies dont get their $1200 check...but you keep talking foolishness.
Kook !!rcSrAtaAC joined in and replied with this 6 years ago, 16 minutes later, 15 hours after the original post[^] [v] #1,116,879
@previous (A)
I see no problem with students to get the stimulus money. You do know that we need people to learn things, right?
I see no problem with students to get the stimulus money. You do know that we need people to learn things, right?
Anonymous A (OP) replied with this 6 years ago, 1 hour later, 16 hours after the original post[^] [v] #1,116,895
@1,116,844 (chill dog !!81dzJNNYL)
Ok fine...take away the thousands of dollars of dollars the parents are getting by claiming the kiddos as dependents and give the kiddos their little $1200 check?
I'm fine with that.
Otherwise stfu and deal with it, OK?
Ok fine...take away the thousands of dollars of dollars the parents are getting by claiming the kiddos as dependents and give the kiddos their little $1200 check?
I'm fine with that.
Otherwise stfu and deal with it, OK?
(Edited 33 seconds later.)
Anonymous I joined in and replied with this 6 years ago, 23 minutes later, 17 hours after the original post[^] [v] #1,116,896
@previous (A)
It's still a little unclear why you assume all students are qualified dependents or live at home, but sure.
It's still a little unclear why you assume all students are qualified dependents or live at home, but sure.
Anonymous A (OP) replied with this 6 years ago, 3 minutes later, 17 hours after the original post[^] [v] #1,116,897
@1,116,879 (Kook !!rcSrAtaAC)
THE PARENTS HAVE GOTTEN $4000 THIS YEAR FOR THE KIDS!!!
DONT YOU GET THAT???
THOSE KIDS AREADY GOT 4000 DOLLARS!!!
WWHY SHOULD THEY GET $5200 WHILE YOU GET $1200???
WHYYYYYY???!!!
THE PARENTS HAVE GOTTEN $4000 THIS YEAR FOR THE KIDS!!!
DONT YOU GET THAT???
THOSE KIDS AREADY GOT 4000 DOLLARS!!!
WWHY SHOULD THEY GET $5200 WHILE YOU GET $1200???
WHYYYYYY???!!!
Anonymous I replied with this 6 years ago, 53 minutes later, 18 hours after the original post[^] [v] #1,116,906
Anonymous A (OP) replied with this 6 years ago, 1 hour later, 19 hours after the original post[^] [v] #1,116,914
@previous (I)
Their parents were exempt for paying that much tax on their income because of the kids.
So that 4000 that family has every May that their neighbor who does not have kids has.
Their parents were exempt for paying that much tax on their income because of the kids.
So that 4000 that family has every May that their neighbor who does not have kids has.
(Edited 35 seconds later.)
Erik !jzYkdX7lIw replied with this 6 years ago, 15 minutes later, 19 hours after the original post[^] [v] #1,116,917
@previous (A)
Why do you care? Surely students spending that money is good for the economy and the whole point of a stimulus
Why do you care? Surely students spending that money is good for the economy and the whole point of a stimulus
Anonymous I replied with this 6 years ago, 8 minutes later, 19 hours after the original post[^] [v] #1,116,918
@1,116,914 (A)
Where are you seeing a $4000 tax deduction or credit? Are you talking about the Qualified Child tax credit? That tops out at $2000 per child and only applies in certain situations. The government doesn't just give tax perks to every family with a child in college.
Even assuming that someone else's tax credit was the same as your personal income (which it isn't) and even assuming that a student qualified (many don't) I'm still a little clueless about how you think a student that was counting on money they would normally earn from a part time job to cover food and rent shouldn't be covered like any other member of the workforce. A lot of college students are in a confusing limbo right now having paid tuition for a school that unexpectedly closed down and being dependent on a job that may or may not be 'essential' right now.
Where are you seeing a $4000 tax deduction or credit? Are you talking about the Qualified Child tax credit? That tops out at $2000 per child and only applies in certain situations. The government doesn't just give tax perks to every family with a child in college.
Even assuming that someone else's tax credit was the same as your personal income (which it isn't) and even assuming that a student qualified (many don't) I'm still a little clueless about how you think a student that was counting on money they would normally earn from a part time job to cover food and rent shouldn't be covered like any other member of the workforce. A lot of college students are in a confusing limbo right now having paid tuition for a school that unexpectedly closed down and being dependent on a job that may or may not be 'essential' right now.
Apocalypse Indy™ !itkDPUBpS6 joined in and replied with this 6 years ago, 5 hours later, 1 day after the original post[^] [v] #1,116,961
FAKE NEWS!
Kook !!rcSrAtaAC replied with this 6 years ago, 1 hour later, 1 day after the original post[^] [v] #1,116,973
Anonymous A (OP) replied with this 6 years ago, 11 minutes later, 1 day after the original post[^] [v] #1,116,979
Ok...bottom line on this thing is follows-
Everybody started boohooing that college kids cant get stimulous checks.
Families will receive $500 for each child they claim as a dependent up to age 16(if they were one day away from 17 when tax filing day of 2019).
So if a person is claimed as a dependent from is between 17 and 18 OR (up to 23
because parents can claim children in college up to 23) Those people will not get the $500 dollar stimulus.
It's important to note that ONLY people who can be claimed as a dependent MUST reside at their parents home for over half the year AND be financially supported by the one claiming them as a dependent.
So...the ones who arent getting the $500 are kids from 17 to 18 and those also who are up to 23 and leaving with and being supported by their parents who claim them as dependents.
So...Guess what?
> So, can any college student get a stimulus tax payment?
> Yes, so long as they are not claimed as a dependent. So, if you’re a college student, financially support yourself, and meet all other requirements, you can get a stimulus check.
https://www.forbes.com/sites/zackfriedman/2020/04/12/stimulus-checks-college-high-school-students/
Everybody started boohooing that college kids cant get stimulous checks.
Families will receive $500 for each child they claim as a dependent up to age 16(if they were one day away from 17 when tax filing day of 2019).
So if a person is claimed as a dependent from is between 17 and 18 OR (up to 23
because parents can claim children in college up to 23) Those people will not get the $500 dollar stimulus.
It's important to note that ONLY people who can be claimed as a dependent MUST reside at their parents home for over half the year AND be financially supported by the one claiming them as a dependent.
So...the ones who arent getting the $500 are kids from 17 to 18 and those also who are up to 23 and leaving with and being supported by their parents who claim them as dependents.
So...Guess what?
> So, can any college student get a stimulus tax payment?
> Yes, so long as they are not claimed as a dependent. So, if you’re a college student, financially support yourself, and meet all other requirements, you can get a stimulus check.
https://www.forbes.com/sites/zackfriedman/2020/04/12/stimulus-checks-college-high-school-students/
Anonymous A (OP) double-posted this 6 years ago, 4 minutes later, 1 day after the original post[^] [v] #1,116,988
So if the college kid is living on their own and working they cant be claimed as a dependent and are eligible for the $1200.
If they're between 17 and 23 and live at their parents and the parents pay for their upkeep...nope.
If they're between 17 and 23 and live at their parents and the parents pay for their upkeep...nope.
(Edited 6 minutes later.)
Anonymous A (OP) triple-posted this 6 years ago, 20 minutes later, 1 day after the original post[^] [v] #1,116,992
> If they're between 17 and 23 and live at their parents and the parents pay for their upkeep...nope.
And I do not really understand why that group isnt getting the $500.
And I do not really understand why that group isnt getting the $500.
Apocalypse Indy™ !tuuKQe.zrY replied with this 6 years ago, 34 minutes later, 1 day after the original post[^] [v] #1,116,995
FAKE NEWS!