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Started By
Message
re: Changes to upcoming stimulus - Hard Cap
Posted on 3/4/21 at 6:49 am to go ta hell ole miss
Posted on 3/4/21 at 6:49 am to go ta hell ole miss
quote:
The point is people making that much money shouldn’t be getting money anyway.
So it's a redistribution of wealth, not an economy stimulus?
1
Posted on 3/4/21 at 7:12 am to Huey Lewis
quote:
Think of it as an unplanned donation.
So tax deductible?
Posted on 3/4/21 at 7:22 am to jimjackandjose
quote:
Depends on what your definition of a stimulus is. If we want stimulus, everyone gets money.
This is supposed to be rescue plan, not a stimulus plan. Stimulus plans are euphemism for government handouts the Bush administration used, so Republicans would go along. If it’s for everyone, as you suggest, then why have any limitations if everyone gets money? This is not for everyone and should not be for everyone if you do not believe in socialism. It’s to help those that need it. People making over $75/150k a year do not need government hand outs. They may want them, but they do not need them.
My definition of stimulus is opening the economy back up. My definition of entitlement is what is being sent around every few months to buy a few votes. The poor are not using this for the intended purpose, which was rent and food, etc., that Biden claims this is helping millions of Americans with. People making in excess of $75k/150 are certainly not using it for mortgages or food.
People that railed against entitlements for years are now bitter that there is a tight phase out. No different than raising the welfare requirements. People were all of the sudden fine with entitlements when they started getting them.
This post was edited on 3/4/21 at 8:05 pm
Posted on 3/4/21 at 7:42 am to go ta hell ole miss
whatever
our debasement of the dollar is only bullish for cryptos which is increasingly the main investment I care about because it will withstand the stupidity of government better than any other asset
our debasement of the dollar is only bullish for cryptos which is increasingly the main investment I care about because it will withstand the stupidity of government better than any other asset
Posted on 3/4/21 at 7:48 am to Brobocop
I haven't filed for 2020 yet. What does that mean for me?
Posted on 3/4/21 at 8:18 am to Lee Chatelain
quote:Maybe something, maybe nothing. The going assumption is that if you haven't filed for 2020, they are going to base it off of your 2019 AGI, but if you have filed for 2020, then they'll base it off of your 2020 AGI.
I haven't filed for 2020 yet. What does that mean for me?
Posted on 3/4/21 at 8:38 am to Ross
quote:Just someone willing to reconsider lifelong presumptions.
you sound like a leach
Posted on 3/4/21 at 8:54 am to Ross
quote:
our debasement of the dollar is only bullish for cryptos which is increasingly the main investment I care about because it will withstand the stupidity of government better than any other asset
Yellen and Warren are not going to regulate it?
Posted on 3/4/21 at 8:55 am to go ta hell ole miss
Even more bullish
Posted on 3/4/21 at 8:56 am to Brobocop
The thing I don’t get, just because you made below a certain income last year, doesn’t mean that you have even out of work or need stimulus/assistance/help this year.
This post was edited on 3/4/21 at 8:57 am
Posted on 3/4/21 at 9:05 am to Brobocop
There should be minimums also
If you don't earn any why get any
If you don't earn any why get any
Posted on 3/4/21 at 11:03 am to go ta hell ole miss
quote:
Yellen and Warren are not going to regulate it?
The exchanges are already regulated and if you have a cold wallet good luck trying to do anything resembling confiscation.
The very idea of regulation is bullish anyway. It’ll make institutional investors feel better about the asset class.
Posted on 3/4/21 at 11:42 am to Brobocop
What’s definition of “heads of household” ?
Posted on 3/4/21 at 11:50 am to Ross
quote:
our debasement of the dollar is only bullish for cryptos
Posted on 3/4/21 at 12:09 pm to Brobocop
quote:
Just FYI:
“Democrats are lowering the income caps for the $1,400 stimulus checks, here are the phase-out levels:
-$75,000 for single filers; capped at $80,000
-$112,500 for heads of households; capped at $120,000
-$150,000 for joint filers; capped at $160,000”
Sweet!
Since it’s a True Stimulus, add the $1 trillion not allocated and cut checks.
Posted on 3/4/21 at 6:31 pm to bstew3006
Yeah I haven’t filed 2020 yet, and won’t until the stim goes out. ‘19 qualifies us, ‘20 would not.
Gonna play the game I guess
Gonna play the game I guess
Posted on 3/4/21 at 6:33 pm to Brobocop
These stimulus checks are a waste of funds. You’re already giving out an increased payment to unemployed so what’s the point of the stimulus payments? Yes I will be getting it based on the income requirements but I still feel like it’s a waste of funds.
This post was edited on 3/4/21 at 6:39 pm
Posted on 3/4/21 at 7:47 pm to tigersfan1989
Oh it’s a complete waste!
But if the American tax dollars are going to pay for it - and I’m an American tax payer - I’m going to play the game and get it if that means I just need to wait to file taxes.
But if the American tax dollars are going to pay for it - and I’m an American tax payer - I’m going to play the game and get it if that means I just need to wait to file taxes.
Posted on 3/5/21 at 7:22 am to Lazy But Talented
quote:
So I’m assuming it’s based off 2020 taxes now?
Hopefully they would be able to use the most recent filing. However, the easier thing to do is just use the same year for everyone which would be 2019.
Posted on 3/5/21 at 8:00 am to tenderfoot tigah
quote:
So it's a redistribution of wealth, not an economy stimulus?
$75k in Ville Platt, LA is not the same as $75k in SF, NYC, or DC. It’s a redistribution of wealth to low cost areas least affected by Covid. They should COLA the limits by zip code.
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