Will people on Social Security get any money from the 'bail out'?

[left-of-center2012]

I think I've heard it'll be 'tied' to people who filed 2018 income taxes.

Many people on low income (including many on SS) do not need to, and do not, file income tax forms.

So, many of the poorest of the poor are getting no help?

[HAB911]

1. I heard that if that is the case

you would be afforded the means to file a return. No idea how that would work however.

[marlakay]

2. I read that they changed it so the poor get 2/3

Of it, i guess dems had to fight for even that. You can file to get it with irs even if you normally dont have to file. They will tell us how soon. Money isn’t coming until May because of lack of employees to set the whole thing up.

[pat_k]

6. I think it is still a "loan" of sorts ... an advance that will increase tax owed 2021.

[marlakay]

7. Mark Cuban said on the view today

That if a small business keeps and pays all of their employees during the 4 month time they do not have to pay the money back. Its all about helping the employees as well as small business.

I see Liz Warrens hands all over that..,yay!

[pat_k]

16. That's certainly a good incentive. Hope the "big biz" bailouts have strings that demand...

... responsible conduct.

[Totally Tunsie]

20. But, but...on March 15, when Mnuchin stood at the podium with the Chump

by his side, he said the checks would be coming out "immediately".

https://www.axios.com/coronavirus-checks-to-every-american-steven-mnuchin-9ca22bc7-3bd3-4dfb-9702-6e2de39537c5.html

Treasury Secretary Steven Mnuchin said Tuesday that the Trump administration is discussing sending checks to Americans "immediately" to help cushion the economic impact of the coronavirus outbreak.

Driving the news: Mnuchin, who has been working closely with bipartisan leadership on Capitol Hill to pass new legislation to provide coronavirus relief, announced a series of economic stimulus efforts at the White House designed to help small businesses, corporations and individuals.

What he's saying: "Americans need cash now," Mnuchin said. "And I mean now — in the next two weeks."

He obviously has more faith in this government than we do.

[Marrah_Goodman]

30. They also said "all americans" would get help

[pat_k]

3. Don't know what the "deal" includes...

... but I think a lot of that money they are supposedly putting into the pockets of "regular people" is just an advance to be paid at tax time 2021.

[brush]

52. Not so. It's a tax credit that doesn't have to be paid back.

[Buns_of_Fire]

4. I've heard "yes," I've heard "no," I've heard "some,"

we really don't know for sure until the fat president sings (or whips out his magic Sharpie, whichever comes first).

[MyOwnPeace]

11. Not a whole lot of "final, definitive" information there.....

but, DAMN, you did make me laugh with the answer, especially with the "whips it out" part, which just doesn't amount to much from what we've heard!

[Wounded Bear]

5. I believe there is an out if you file 2019 returns...

You can still do that. I did it last week on line, for free. If you have your SS-199 form or info it's easy peasy.

Don't know if it will work, and I suspect those of us making <$25k like me may not get anything, but it's worth a try.

I haven't filed in years either, but it's pretty easy if you have your data. My "income" consists of my SS and around $20 for interest on my bank accounts.

[womanofthehills]

23. Vox reported that senate bill said we had to file for 2019

I think I will do that tonight.

[krawhitham]

8. Looks like it

Link to tweet

[left-of-center2012]

14. Thank you

[onenote]

39. Thank you. It's obscene that some people spread misinformation on this site.

[3Hotdogs]

9. ---and we can be sure that the corporations that get the bailouts, will have that amount subtracted

from their 2021 refu.....

Oh, I forgot, they don't pay taxes in the first place.

As Lorena Helmsley politely informed us, "Only little people pay taxes."

[Recursion]

10. Did people on Social Security lose any money? (nt)

[Marrah_Goodman]

12. Have people still working lost any money? n/t

[MurrayDelph]

26. Hell yes, I have

I'm on Social Security and Medicare. My wife is not.

My wife is fighting a condition that none of the insurance companies in our part of the world will pay for (It's complications of a surgery she had five years ago, when there was ONE insurance company that covered her condition, but Marco Fucking Rubio drove them out of business).

To keep my wife alive, I have to dip severely into my 401K and retirement accounts.

In the last month, my accounts have dropped by 40%.

[Marrah_Goodman]

28. In a just world we would have medicare for all

I am sorry you and your wife are going through this.

[magicarpet]

50. The rest of the industrial world can swing it,.. but not us.

The fruits and bounties of the AmeriKKKan Fascist Hyper-Capitalist Economic Systems.

[Throck]

51. When trump was elected I reorganized my 401k

Sooner or later I expected the economy to fall around him.

If you're drawing off a 401K, bad idea to ride the market. Someone gave you bad investment advice or neglected to advise you other wise.

[BamaRefugee]

29. As an independent contractor, I'm at ZERO income, because all of my clients have shut down.

And in a few weeks I'll have to pay almost half of that magical government money (if I really get it) to pay my quarterly estimated tax, because even if I have zero income, I still have to pay into my own Social Security. Even though I'm GETTING Social Security.

It's stupid.

[Marrah_Goodman]

32. I found something out for you

Independent contractors will be eligible for unemployment.

[BamaRefugee]

37. Thank you. I saw something like that, but no info as to the process, hopefully they streamline that

here in California there are thousands and thousands of us here, in movies, TV, software, etc.

We've NEVER gotten any kind of benefits. Not whining, we know the score and figure out how to navigate life on our own, but this will be fantastic right now.

[Turin_C3PO]

13. No, but some

were saying that this is also supposed to be a “stimulus”. So I’m not sure who’s getting money.

[Buns_of_Fire]

24. I think that's where a lot of confusion comes from.

It's like "Certs is a candy mint! No, Certs is a breath mint! Stop, you're both right -- Certs is two *clap!* two *clap!* two mints in one!" (Sorry. I got carried away on Memory Lane.)

Anyway, it's a hybrid. A little of this, a little of that, and voila! A bill with the only guaranteed outcome being that it'll no doubt disappoint/piss off somebody.

Me, I'm just assuming I'll get nothing. That villa in the south of France will just have to wait a while longer. C'est la vie.

[magicarpet]

49. With Retsyn....

~~~***~~~

Certs

Formal name Certs Classic Mints
Classification Breath mint / Candy mint
Description Breath mint / Candy mint
Form Modified disc
Volume 1.3 cm³ (approx.)
Mass 1.7g (approx.)
Density 1.3g/cm³ (approx.)
Ingredients Sugar, corn syrup, partially hydrogenated cottonseed oil†, flavor (with soy lecithin)†, magnesium stearate, copper gluconate†, color. († = ingredient of Retsyn)
Nutrition Information Per mint: Calories 5, Fat 0g, Sodium 0g, Carbohydrates 2g, Sugars 2g, Protein 0g.
Active Ingredients None
Flavors Cinnamon, Mixed Fruit, Peppermint, Spearmint, Wintergreen
Sugar Free? No
Manufacturer Cadbury-Schweppes
Year introduced 1956
Slogans / Taglines The Right Amount Of Mint
Related products Certs Cool Mint Drops, Certs Powerful Mints
Hazards food coloring
Certs is a breath mint (or, according to some, a candy mint) manufactured by Mondelēz International, and it has long been one of America’s most popular mints.[citation needed] Certs was the first breath/candy mint to be nationally marketed in the United States, and has been a fixture at American drug stores and convenience stores since its debut on the market in 1956. It was discontinued since 2018, possibly for having Partially Hydrogenated Cottonseed Oil, which is not allowed as an ingredient in food sold in the USA since then.[citation needed]

[left-of-center2012]

15. So they should be ignored?

[Marrah_Goodman]

17. Let me explain my thinking

This is not money to make people whole. This is stimulus money to keep the economy going. John Smith who works for corporation X and makes 60k a year is now working from home. He still makes the same amount of money. In fact more, since he no longer has to commute or extras like buying lunch, etc. He will be getting a stimulus check.

Jane Smith (no relation) makes maybe 10-12k a year on SS or SSI or SSDI. They get either far less or nothing at all, depending on what the answer to the question is. She lives month to month. There is no extra money for stocking up, buying sanitizing things, etc.

Now Bob Smith was laid off due to the virus and will get either 50% or 80% of his income (depending on the final bill) and that stimulus check will maybe help a little to alleviate his loss, depending on how much he was making in the first place.

Then there is Kathy Smith who is a necessary worker and still has an income. In fact she may be getting more money or more hours now to fill the need. She will be getting a stimulus check. BUT, she is also taking a big risk and in a just world would be getting "combat pay"

I hope my question makes more sense now.

[meadowlander]

18. Their health care costs are going to increase

and they are on a fixed income. And are the most vulnerable.

[customerserviceguy]

33. Agreed

When the health insurance companies find their coffers drained by C-19, you know they're going to make it up in the next round of premium increases.

[intrepidity]

19. Are people on SS being affected by the pandemic? nt

[womanofthehills]

45. People on SS have to buy way more groceries to avoid exposures

And many had to buy 3 months worth of medicines. What’s been expensive is buying months of food for my dog, cat and chickens. Plus, many have part time jobs to make ends meet.

[58Sunliner]

21. People on SS, which includes SSDI, have health issues and have had to buy products to protect

their health/mitigate their exposure. It isn't in their normal expenditures. And it isn't cheap. Their income is very limited. Many are now paying for deliveries. Doubling up on meds in case of an emergency. Are you protesting big corps lining up to the trough? Cause that sounds like a right wing talking point.

[Recursion]

43. I'm for a UBI this just seems like an odd thing to worry about

They're just about the only people in the country who aren't seeing their regular income disrupted.

[radius777]

46. Seems odd that a Dem would worry about seniors getting a little help.

Their income per se may not be disrupted, but their cost of living is going up, in some cases dramatically:

-the pandemic has increased demand for all types of essential goods and services, thus increasing cost.
-availability issues means having to pay for delivery, etc.
-medical/ppe/cleaning supplies needed to keep themselves protected

Especially on a fixed income, all of this would add stress to their situation.

If 2 trillion dollars is going out the door, then the most vulnerable amongst us should be getting some of that money.

[Recursion]

47. Right but in this case they *aren't* the most vulnerable among us

I'm much more worried about shift workers who lost their only income source

[Cetacea]

48. Wrong. Among that group are some of the MOST vunerable. But it's easy to miss

[airmid]

25. I take care of two disabled folks and yes, they lost money. Between the price gouging,

extra gas money trying to get items they actually need to survive, they couldn’t pay half their bills. So yes, they lost money but evidently don’t rate as humans worthy of help. And yes, I am bitter.

[customerserviceguy]

34. Even without price gouging, there's economic pain from this

People on limited incomes need to buy things on sale. Normally, you can walk into a store, and just buy the brand of toilet paper that's on special this week, but now, you're lucky if you can still find a package of the full price stuff.

[JustAnotherGen]

27. Think about how many

low income seniors are taking care of grandchildren.

Now think about the loss of their school lunches and breakfasts.

They worked for years - and they paid in for others - and they need help.

Period. End of discussion.

[panader0]

22. I haven't had to pay taxes because my SS income is $840 a month.

So I am way under the poverty level. Will the deal keep money from the
poorest among us?

[customerserviceguy]

31. Since Social Security recipients have direct deposit

It would be easy to have a one-time $1,200 payment deposited to the account designated to receive monthly SS payments. I read that about a week ago, but that's ancient history in these days.

[magicarpet]

35. trDumpie inserted a special amendment to the bill especially for seniors

Seniors on Social Security will receive a special coupon for a free small take out coffee at Wendy's. But you must bring your own sugar and creamer because it was excluded from the deal.

Bon Aperitif.

[BamaRefugee]

38. You'd think tRump would have sprung for the "YUGE" coffee.

[Elwood P Dowd]

40. You forgot to mention Trump is giving all seniors one of these freebies.....

?decache=63701197256713

[magicarpet]

41. Hey,.. what is this,...... ?

No red hat made in China, with the shirt ?

[Keth]

42. Well

I guess it's good for me since I drink my coffee black.

[trueblue2007]

36. hubby and i haven't filed for 5 years. we are both on SS. My monthly is only 800 a month

[littlemissmartypants]

44. Read the Bill

https://www.documentcloud.org/documents/6819206-CARES-ACT-FINAL-TEXT.html