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Started By
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If you make 99999 you get check. If 100001 no check?
Posted on 3/23/20 at 12:11 pm
Posted on 3/23/20 at 12:11 pm
Is this correct ?
No scale whatsoever ?
No scale whatsoever ?
9
Posted on 3/23/20 at 12:13 pm to Baylor
What if you make 100,000? Black hole?
Posted on 3/23/20 at 12:15 pm to Baylor
Has to be a cutoff somewhere. Welcome to life.
Posted on 3/23/20 at 12:18 pm to Baylor
Are these the new threshold numbers? Where are you seeing this?
Posted on 3/23/20 at 12:26 pm to Baylor
99,999 adjusted gross income?
Posted on 3/23/20 at 12:26 pm to Janky
Yes please provide a source or stfu
Posted on 3/23/20 at 12:29 pm to LSURep864
Towards the bottom of the article
quote:
According to details of the bill released Thursday, Senate Republicans propose to give a $1,200 check to every American adult with an income under $75,000, decreasing gradually after that and zeroing out at $99,000 income. Checks would fall to $600 for those with little or no income tax liability, and $500 would be added in per child. The eligibility would be based on 2018 tax filings.
This post was edited on 3/23/20 at 12:33 pm
Posted on 3/23/20 at 12:29 pm to Baylor
Last details I read said individuals making up to $75,000 annually would be eligible for a $1,200 check from the federal government. The payments would decrease by $5 for each $100 earned over $75,000. The payment would phase out entirely for individuals making more than $99,000 annually.
For married couples over $150,000, the payment would also decline gradually phasing out completely over $198,00.
For married couples over $150,000, the payment would also decline gradually phasing out completely over $198,00.
Posted on 3/23/20 at 12:32 pm to Janky
It’s a poorly worded version of this.
Panic averted. Wife and I are still getting our Trump money.
quote:
The plan’s provisions are very simple. Adults would get $1,200 each and children $500 each. At higher incomes, the checks would get smaller: The benefit would start decreasing at a rate of $5 for every additional $100 in income. The phaseout starts at $75,000 in adjusted gross income for singles, $112,500 for heads of household, and $150,000 for married couples filing jointly; it would phase out entirely by $99,000 for singles and $198,000 for couples (with no children
Panic averted. Wife and I are still getting our Trump money.
Posted on 3/23/20 at 12:37 pm to Baylor
Bernie proposes a universal 2k check for every month that the crisis lasts.
That's roughly 420 billion per month for the 210 million adults in America.
That's roughly 420 billion per month for the 210 million adults in America.
Posted on 3/23/20 at 12:55 pm to bayoubengals88
quote:
Bernie proposes a universal 2k check for every month that the crisis lasts.
That's roughly 420 billion per month for the 210 million adults in America.
That isn't the worst way he would spend our money and this isn't the worst idea he has come up with.
Posted on 3/23/20 at 1:10 pm to Baylor
If im not mistaken if you make
99,000 you would get a like a $5 check.
The language says under $75K= $1200
For every $100 over 75K you "lose" $5.
So for every $1,000 over 75K your payout would be $50 less. Up to $99K where it phases out.
99,000 you would get a like a $5 check.
The language says under $75K= $1200
For every $100 over 75K you "lose" $5.
So for every $1,000 over 75K your payout would be $50 less. Up to $99K where it phases out.
Posted on 3/23/20 at 1:10 pm to GatorReb
So a check in the mail? I hope addresses are updated lol
Posted on 3/23/20 at 1:22 pm to Baylor
No one is getting a check anytime soon.
Posted on 3/23/20 at 1:27 pm to LSURep864
quote:
Panic averted. Wife and I are still getting our Trump money.
Same here. Wife and I were sitting at $157K AGI and I was sitting here pissed that I wasn't getting my Trump Check too
Posted on 3/23/20 at 2:08 pm to LSURep864
Is that income based on your 2019 tax returns?
Posted on 3/23/20 at 2:42 pm to tigersint
Read an article saying that it was 2019 return if you had filed 2019. If you had not filed 2019 yet, it was your 2018 tax return. This is all kind of moot as nothing has been passed.
Posted on 3/23/20 at 3:09 pm to Baylor
No.
You get a $5 deduction for every $100 over $100k.
You get a $5 deduction for every $100 over $100k.
Posted on 3/23/20 at 3:56 pm to Eli Goldfinger
Unless the verbiage changed from last night, it started to phase out for individuals above $75k and was completely gone by $99k.
Posted on 3/23/20 at 4:21 pm to tigersint
I think they said it was based on 2018 since many haven’t filed 2019.
I’ve done both. We made just north of six figures in 2019 and almost 20k below in 2018 because I had a career reboot.
Either way I’m getting my Trump money. Unless the democrats mess this up.
I predict Best Buy will move lots of 4K TVs to the poor demographic.
Meanwhile I’ll top off my EFund as we prepare for our second child in July.
I’ve done both. We made just north of six figures in 2019 and almost 20k below in 2018 because I had a career reboot.
Either way I’m getting my Trump money. Unless the democrats mess this up.
I predict Best Buy will move lots of 4K TVs to the poor demographic.
Meanwhile I’ll top off my EFund as we prepare for our second child in July.
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