CV payments to individuals as negotiated...

[Laura PourMeADrink]

Under the plan as it was being negotiated, single Americans would receive $1,200, married couples would get $2,400, and parents would see $500 for each child under age 17.

However, the payments would start to phase out for individuals with adjusted gross incomes of more than $75,000, and those making more than $99,000 would not qualify at all. The thresholds are doubled for couples.

PS. Last I read, although not mentioned here, the phase out between $75k and $99k was reduction of $5 per thou.

[LonePirate]

1. Are the payments truly payments or are they actually just advances on next year's tax refunds?

There were early reports that that people would lose that money come refund time next year.

[Turin_C3PO]

4. I heard that Dems

got that provision thrown out of the bill. Though I don’t have a link and could be wrong.

[Turin_C3PO]

2. Do you know

if people on SSDI get a payment? I don’t necessarily have to get it but it would be nice to pay off a few bills and donate some money to Democrats.

[WhiteTara]

28. I would imagine if SSA gets a payment, then

SSDI would also. We are considered the most vulnerable.

We were in the middle of selling our home and we were to sign the day the virus exploded and that ended that. We could absolutely use that money.

[mfcorey1]

67. If you owe the IRS and you're in a payment plan, will the money to the IRS?

[jimfields33]

79. I would imagine so

I still owe 125.00 from 2018 payment plan. I totally believe they will take it out of the 1200. But of course not 100 percent sure.

[jberryhill]

3. Is that based on last year's income levels?

So, to summarize:

If you are a small business owner who made a decent living last year and have nothing coming in now with loans due, you get bupkus.


Thanks for playing.

[Turin_C3PO]

5. Yeah, that seems pretty unfair.

[Laura PourMeADrink]

11. Yes 2019 or 2018 AGI. Don't know details on small biz

funds. Don't you have to get a loan thru SBA like org?

[jberryhill]

18. Oh, I'll just trundle off and fill out a loan application?

Because for some odd reason, I have to pay it back and nobody else does?

WTF kind of plan is this?

[MoonlitKnight]

23. Loans are supposedly going to be forgiven

Whatever that is worth.

[jberryhill]

25. Yah right

[MiniMe]

62. I don't know that the loans will be forgiven, I think there is no penalty or interest on missing pym

So you still owe the money, but if you can't make the payment, that is forgiven

[MoonlitKnight]

63. More complicated than necessary

Just do what most of the rest of the world is doing.

[Tink41]

33. Tax returns

It specifies to go off 2018 returns if 2019 have not been filed yet.

[jberryhill]

34. Yeah, so it's a big FU to people who've been furloughed, laid off, etc. and have NO income now

[Tink41]

40. Not sure how you figure that

2019 return =last years income? 2018 return=2018 income?? If you're not making money now.... but you did in 2019 or 2018 that is what its based off of.

[jberryhill]

43. So if you can't buy food right now....

...then you should get in your time machine and go back to 2018 when you had an income.

This is stupid. It is just plain stupid.

"If you're not making money now.... but you did in 2019 or 2018 that is what its based off of."

[mr_lebowski]

76. Maybe there'll be a dispensation for people who can show they're making no money now ...

[Tink41]

47. Some states have emergency UE

Depending on where you live there have been emergency benefit provisions made. Check your state Unemployment office

[Demsrule86]

61. I heard you get your your full salary for four months if you are unemployed and file for

unemployment

[Texasgal]

74. Not in my state

I am only getting 67%... there is also a cap.

[Laura PourMeADrink]

68. What about this unemployment provision?

"Eligibility is extended to independent contractors and the self-employed."

[jberryhill]

69. now that's interesting

[Laelth]

6. I despise the fact that this benefit is being means tested.

The bureaucracy required to do the means testing is more expensive than just giving the benefit to everyone with a social security card.

-Laelth

[jberryhill]

8. It's worse than that

It outright FUCKS a huge number of people whose incomes have gone to zero.

[Turin_C3PO]

10. Realistically, people like me

probably shouldn’t get a check. I’m on fixed income SSDI, so my budget is already set. Sure I’d love the extra cash to catch up on some bills but people that made $99,000 last year and have zero income right now should be a higher priority than me.

[Laelth]

16. Absolutely. Is it still based upon 2018 tax returns?

If you made good money in 2018 but have no income now, you get nada. Is that the plan?



-Laelth

[jberryhill]

19. Sounds like a big "fuck you" to me

[Tink41]

35. Did you file 2019??

It goes off 2018 if you haven't filed 2019 yet

[jberryhill]

38. Yes, I did, but so what?

If you run a restaurant, and did okay in 2019, you are well and good fucked right now.

[Laura PourMeADrink]

45. JB this sounds like a very huge hole in plan. Sometimes

I think we Dems should expand our focus. Yes, of course, to the most needy first, but to completely ignore the rest is not a good big picture strategy. To me anyway.

[Tink41]

49. Check

Check is going out based on 2019 income then. Also in the bill was help for small businesses. You didn't specify that. Details are important when asking questions. Sorry.

[Laelth]

58. That's what I heard initially.

2018 first, and, if no 2018 return, 2019 will do. Is this still the case as the bill stands now? I haven’t yet filed for either year, but I made more in 2018 such that it might be to my advantage to file 2019 and then wait on filing 2018 until after my check arrives.



-Laelth

[Kaleva]

54. If one didn't make much in both 2018 and 2019, it looks like not much of a payment.

[brewens]

7. Is that to all Americans? I'm disabled and my S.S. is my only income. I'm sitting

better than most people that can say that, and would have said I don't really need it. At least so far as my ability to get food remains the same. I'd be delighted to help stimulate the economy if they insist. Probably just put it on my credit card though.

[Kaleva]

21. Same with me. I'm on SSDI and could put it in savings.

[Buns_of_Fire]

24. "Most" Americans. Until the bill is signed and published, no one knows for sure.

I'm in the same boat. My only income is SS, and I don't make enough to even file taxes. I might get $1200, I might get $600, I might get nothing. It's been easiest for me to assume that I'll get nothing, which is okay, since I'm no danger of losing my apartment or going hungry.

If this were a stimulus bill, I could assume $1200 across the board for everyone. If it were an assistance bill, I could assume $0 for myself. But it's a hybrid, so there's no way of predicting what's going to come out of the sausage grinder.

[KWR65]

30. There is no money for welfare or SS recipents.

[Marrah_Goodman]

31. It makes no sense

Those still working get it. Those laid off get unemployment and get it. Those who are on a fixed income at poverty levels get nothing.

[jberryhill]

32. Those making zero income today, but who did okay in 2018, also get nothing

[Marrah_Goodman]

36. it just makes no sense

The poorest people are the ones who are guaranteed to put 100% of it immediately into the economy.

[KWR65]

59. They haven't lost their income like 10 million americans have

[onenote]

70. False.

[KWR65]

72. Please let me know in the bill where people that are SS & SSI recipients get anything?

I'm listening.

[onenote]

75. Section 2201(f)(5):

In the case of an individual who, at the time of any determination made pursuant to paragraph (3), has not filed a tax return for the year described in paragraph (1), the Secretary may—

* * * *

(B) if the individual has not filed a tax return for such individual’s first taxable year beginning in 2018, use information with respect to such individual for calendar year 2019 provided in—
(i) Form SSA-1099, Social Security Benefit Statement, or
(ii) Form RRB-1099, Social Security Equivalent Benefit Statement.

[NutmegYankee]

9. Well, I guess I get nothing. nt

[Laura PourMeADrink]

12. Thought I had read GOP wanted a $150 k cap, now $99k

[onenote]

71. No. Whatever you read was wrong.

As far back as March 18, when the first version of the stimulus bill was offered, the payment of $1200 per person was capped at $75000 per person or $150,000 per couple, with the payment phasing out as income increased from $75K/$150K to $99,000 per person/$198,000 per couple.

That hasn't changed. What has changed was the original proposal for a phase in that would have left low income/no income individuals with a smaller (or no) payment.

[Laura PourMeADrink]

73. Ya..duh...figured that out. Plus they dropped that the money

had to come out of future tax refunds right?

[Afromania]

13. That about sums it up doesn't it.

[Laura PourMeADrink]

15. Wait, it says thresholds doubled for couples. So

$99k x 2.

Single most $ 75k
Married most $150k ?

Can't wait to see details

[cmeneer]

52. Remember

It doubles for couples AND this is ADJUSTED gross income.

[smirkymonkey]

14. I just want to know how this is going to affect my taxes.

I am still employed, but make about the midpoint between $75k and $99k. If I am going to take a tax hit, I would rather not get anything at all.

[Laura PourMeADrink]

17. So many details unknown. Wonder if bill published yet.

[2naSalit]

48. Don't we have to wait until shitead signs it?

He'll make a big deal out of signing it and then complain that he can't spend it all himself on himself.

[Laura PourMeADrink]

51. Yes..but supposedly he's on board - get to the bragging phase

As soon as possible.

A senator can still object..not sure what happens then

[2naSalit]

53. Fortunately the professional objector

is in self isolation and isn't on the floor to object so there's that. Let's hope he doesn't have a designated understudy.

[Indykatie]

56. That's An Unusual Reaction. Most Folks Would Rather Have 70 cents of a Dollar Instead of Nothing.

[smirkymonkey]

57. I'm just afraid we are going to get hard hit on the rebound.

Like money now, but a big shock when it comes to tax time. I don't want to end up with a big tax bill because of this. I usually get a decent return which I use to pay off Christmas debt. I count on it, and I definitely don't want to have to owe money.

[Kaleva]

20. I think low income would get $600 each.

[frazzled]

22. I'm sort of okay with that

My spouse is continuing to receive salary, working from home. So I don't see why we should get any sort of "bailout" money. I think I would feel bad about getting a present like that when others are suffering greatly.

[klook]

26. We'll be donating ours to the local food bank.

And I hope all those who don’t really need the money will bestow it on their favorite charity — or Democratic candidate.

[samnsara]

27. so my 17 yr granddtr old gets an adult payment of $1200 and her 15 yr old sis gets $500? ha!

[Tink41]

37. Considered dependents?

If they are both considered dependents then their parents will receive based off parents income. Thats how the details are coming off. Was up and first thing I did this morning and now, reading stimulus info

[Laura PourMeADrink]

41. Do you have a link to actual bill?

[Tink41]

44. No.

No idea how to do that here. The info came from CNN outline along with Huffington Post articles. I have been up all morning doing this and only this. My situation depends on it. Along w an at risk family member.

[safeinOhio]

29. A portion of mine will go to saving SS.

Will donate to Dems running for Congress.

[JCMach1]

39. Anyone know specifics about Unemployment?

Specifically thinking about my situation where I was laid off just before Covid-19.

Would I get the $600 UI boost as well?

[Tink41]

42. In the same boat

From what I've read there will be a 13 week ext after benefits exhausted along w an additional 600 dollars on top of regular UE weekly amount for up to 4 months. Best I can do as no news source has all info in one place. Hunter, gatherer. Dribs Drabs

[JCMach1]

46. Also my understanding from the reporting

[Chainfire]

50. By the time this is implimented

We will all be back to work. Who is going to be taking care of the massive bureaucracy to sort through all the issues and get these checks in the mail? The politicians have done their part; as far as they are concerned, the check is in the mail. I just hope I get mine in time to donate it to the Democrat Party in time to help beat Trump.

It would be to Trump's great advantage to have these checks delayed until closer to the election; nothing says loyalty like free money.

[ooky]

55. I will divide my $1200 among the hungry mouths in my

family, children and grandchildren. I'm retired and haven't lost any income and they need this way more than I do.

[Demsrule86]

60. And this includes jazzed up unemployment as well?

[Iwasthere]

77. What does jazzed up mean

My son was laid off in Florida. He was told not to bother paying cause he hadn't been at his job for 10 months this. What about those that lose their jobs after only a few months at the job?

[Hoyt]

78. Was he working somewhere else before? If so, he might qualify for some unemployment.

[DeminPennswoods]

64. I am ok with a phase out for higher incomes

The money needs to go to Americans who need it most.

[Progressive Jones]

65. That's the point. People need it, and it will

be injected into the economy immediately.

That money is already spent in most American homes. Food, rent, etc.

[DeminPennswoods]

66. I know

nt