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    2 out of 2 members liked this post. Yes Reputation No

    What’s your opinion on proposed stimulus checks?

    Wanna know what you guys think of this stimulus check, and how it’s laid out as of now.
    Im trying to wrap my head around why the check wouldn’t go to every tax paying citizen
    and why if you make 100k you would get nothing.

    Help me change my mind, I’m a bit annoyed at that it seems to me people act like if you make 100k
    your “financially bulletproof “. I mean if you do make that type of money but your sitting at home now
    dont you still need assistance? If you make 6 figures don’t you typically have more expensive obligations?
    maybe a higher mortgage or car payment or ... you get the idea.

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    I really don't know what to think at this point as I don't know how bad it will get.

    Do I prefer for American taxpayer money to go taxpayers rather than foreign wars? Yes. I don't know why we don't cut all foreign aid right now and make sure it all goes to help Americans.

    You can be making a million and not be bulletproof depending your industry if money coming in suddenly goes to zero. I don't think anyone except the absurdly wealthy are bulletproof if liquidity dries up.

    They say they want to make a huge payment. Ok, go ahead, but those dollars are going to devalue a lot of dollars as printing a trillion will cause inflation but what else do you do?

    I'd like to just do the payment and make China pay the trillion or whatever it ends up being. A wash essentially.
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  3. #3
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    Yes, please route the money to Americans but all Americans. My job is considered “essential “ right now and so far not
    gonna shut us down but we solely rely on paying customers so I don’t know where this will go. Besides the ridiculously wealthy
    everyone could use some help right now

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    They say the lockdown may go 10-12 weeks. 3 months, really?

    I mean, we will all be needing checks at that point.
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    So apparently it's $1200 and $500 per child?
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    That’s right, so... can anybody explain for instance your a commission employee that
    made great money in 2018( govt supposed to be going off that year return) but your money is dependent on people spending (which people aren’t now)
    according to the government you don’t need help now. TF is that?

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    Click here to enlarge Originally Posted by three35iguy Click here to enlarge
    That’s right, so... can anybody explain for instance your a commission employee that
    made great money in 2018( govt supposed to be going off that year return) but your money is dependent on people spending (which people aren’t now)
    according to the government you don’t need help now. TF is that?
    You sure it's off 2018? I certainly hope so...

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    Some of you may want to hold off on filing if it means they go by 2018 instead of 2019:

    Once the stimulus measure is passed by the House and signed into law, distributions would come via the IRS, which would use 2019 taxpayer forms to determine how much a person's check should be and where it should be sent. If 2019 taxes have yet to be filed, the IRS would use information from taxpayers' 2018 forms.
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    Yep, might wanna wait if it benefits you. Too late for me already filed long time ago. They are also extending property taxes if you need an extension.

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    These checks are going to go to booze, weed, drugs, etc. maybe some groceries and a few 1 day rental movies to stream.

    It's not going to go to pay the plumber to install something new, or the electrician, or convince someone to buy a new car etc. It's not going to 'help' the 'real' economy. People will just piss it away.

    If you need $1200 to survive it means you can't budget and you spend money on dumb $#@!. When you get handed the $1200 you will then make equally or worse decisions with the money because this time you did not even work for it. So 2 parents 2 kids get 3,400? WHY??? They also then get their taxes back in April which is the earliest these checks are going to get cut.

    Personally I plan on buying cocaine. Because $#@! it.

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    I won’t get a individual check but I may get something for my two kids, if so
    its going to tony @vtt. Valve cover on sale next month

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    Click here to enlarge Originally Posted by Torgus Click here to enlarge
    These checks are going to go to booze, weed, drugs, etc. maybe some groceries and a few 1 day rental movies to stream.
    How many of those people file taxes? I doubt it. This will go to debt mostly.
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    Click here to enlarge Originally Posted by Sticky Click here to enlarge
    How many of those people file taxes? I doubt it. This will go to debt mostly.
    Every poor person who works 1 day of taxed 'work' get's a refund check. I'm not talking about homeless people. I'm talking about min wage earners. That is over 81 million. You have no concept of poor. Trust me, they file their taxes and get everything bit of government assistance they can.

    Going to debt will not help the economy, and I doubt someone who lives paycheck to paycheck is going to put this to their debt. It will get pissed away.

    Also, nice to see California finally dealing with the homeless. Nothing like stepping over feces and needles to walk into your favorite vegan friendly restaurant(from a coworker last week).

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    1 out of 1 members liked this post. Yes Reputation No
    Only 11% of the 2.2 trillion goes to tax payers in the refund checks the rest to bail outs that small companies will find near impossible to access. The Boeing's and alike will suck up 100's of billions and insist that a government loan should be a grant.

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    Click here to enlarge Originally Posted by 12 TURBO Click here to enlarge
    Only 11% of the 2.2 trillion goes to tax payers in the refund checks the rest to bail outs that small companies will find near impossible to access but the Boeing's will suck up and insist that a government loan should be a grant.
    I'm wondering if we should have even done it. With such a small % going to the taxpayer, who cares? Companies should be forced to save for a rainy day.
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  17. #17
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    Click here to enlarge Originally Posted by Torgus Click here to enlarge
    Every poor person who works 1 day of taxed 'work' get's a refund check. I'm not talking about homeless people. I'm talking about min wage earners. That is over 81 million. You have no concept of poor. Trust me, they file their taxes and get everything bit of government assistance they can.
    I'm talking about the junkies you mentioned. I doubt they are getting a refund/check.

    Click here to enlarge Originally Posted by Torgus Click here to enlarge
    Also, nice to see California finally dealing with the homeless. Nothing like stepping over feces and needles to walk into your favorite vegan friendly restaurant(from a coworker last week).
    California is large. It isn't all San Francisco. Frankly this virus seems to be improving the homeless situation.
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    Click here to enlarge Originally Posted by Sticky Click here to enlarge
    I'm wondering if we should have even done it. With such a small % going to the taxpayer, who cares? Companies should be forced to save for a rainy day.
    I agree but what would the tax payer's refund check look like if say 50% to 70% of the 2.2 trillion went to them instead of huge company bail outs. The two adult family refund check would be more like $10,000 to $15,000.

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    It’s a sad reality that many people live paycheck to paycheck (I can’t say much - we used to as well). If this helps those people keep food on the table, lights on, a roof over their head, etc, I’m good with it. These are truly unprecedented times. No one could have seen this coming.

    With that said, I REALLY wish we’d implement a voting system where you’re not allowed to vote if you’ve received any sort of government assistance. This would apply to people who work for companies that take bailouts, people on food stamps, etc. Until you can stand on your own two feet, you shouldn’t get the ability to vote for people who promise handouts. It would be like me letting my kids vote on how we spend our family’s money - get out of here. You get no say until you earn your own money.

    -Rich

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    Click here to enlarge Originally Posted by richpike Click here to enlarge
    With that said, I REALLY wish we’d implement a voting system where you’re not allowed to vote if you’ve received any sort of government assistance.
    Plus an extra vote if you own land.

    Bums and commies aren't going to vote for policies that help working Americans.
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  21. #21
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    Click here to enlarge Originally Posted by 12 TURBO Click here to enlarge
    I agree but what would the tax payer's refund check look like if say 50% to 70% of the 2.2 trillion went to them instead of huge company bail outs. The two adult family refund check would be more like $10,000 to $15,000.
    Why not just suspend income taxes this year? Works out almost the same monetarily but actually helps every business and person.
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    Click here to enlarge Originally Posted by Sticky Click here to enlarge
    Why not just suspend income taxes this year? Works out almost the same monetarily but actually helps every business and person.
    I'd argue it doesn't. Isn't it like 47% of the country pays no federal income taxes? What good is it to suspend income taxes if the people that are looking for money don't pay anything anyways? I never understood the concept of a tax refund, because I was silly enough to think it was my own money. Then I found out that people were getting 5 or 6 grand a year in cash while not paying a DIME. Earned income tax credit, child tax credit, all these "refundable" credits apply even if you don't pay.

    If we made those that paid taxes just write checks to their neighbors instead, you'd see a lot more backlash against those kinds of credits.

    This 1,200 per person isn't going to do jack. the 2,400 EXTRA unemployment on top of state unemployment is what is going to have people not even THINK about looking for a job until that money runs out. I've been fortunate that my company is very profitable and I have more work right now, but those in industries impacted - restaurants for instance, that got laid off en masse - if you made 10 bucks an hour, and you can now collect 3,400 a month or more, why would you go back to making 10 bucks an hour if you didn't have to? I don't see how this bill won't introduce inflation, even if only short term - people are going to want more than 20/hr minimum for every possible job if you can get that much sitting at home, so now businesses will have to pay 25 or more for unskilled labor. Horrible idea.

  23. #23
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    Click here to enlarge Originally Posted by langsbr Click here to enlarge
    I'd argue it doesn't. Isn't it like 47% of the country pays no federal income taxes? What good is it to suspend income taxes if the people that are looking for money don't pay anything anyways?
    The people who didn't pay aren't getting a check anyway, right?
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  24. #24
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    Click here to enlarge Originally Posted by langsbr Click here to enlarge
    I don't see how this bill won't introduce inflation, even if only short term
    We're constantly seeing inflation this is just going to make it move wayyy faster.
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    Click here to enlarge Originally Posted by Sticky Click here to enlarge
    Why not just suspend income taxes this year? Works out almost the same monetarily but actually helps every business and person.
    Yesss! Been saying this ever since this all started. I’m still working, things are slower like everywhere else- suspend taxes.
    they are increasing unemployment checks $600 while taking $600 a week from me in taxes, damn

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