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Posted on 3/15/21 at 10:41 am to Leadhead
quote:
Or buy a new side by side at the end of the year when I've made too much money.
Yeah I’ve bought some nice “toys” after approval from my CPA. Things aren’t quite the way they used to be in the good ole days.
I’d venture to say that the vast majority of stimulus recipients have already blown most of their fortune.
Posted on 3/15/21 at 10:53 am to deltaland
In, but not excited about it. The more I make, the more I pay out
Posted on 3/15/21 at 11:13 am to moneyg
quote:
I don't get stimulus. I'm not wealthy. It's a lie that only the wealthy are excluded from the stimulus.
This. I preach it to everyone who will listen...the upper-middle is the punching bag for every other segment of our society. The rich get showered with tax breaks, loopholes, and subsidies out the arse (not to mention ability to pay for top accountants, lawyers, and lobbyists). The middle and lower earners consistently get breaks like the Earned Income Credit, child tax credits, hooked up with financial aid for school, free lunches, section 8 housing, etc.
The upper-middle? We are supposedly too wealthy to get the perks for folks not making enough but aren't wealthy enough to get the perks of being truly wealthy. Just constantly shite on.
I understand paying taxes is a part of being a member of society and I don't mind paying them. That said, it'd be great to be able to benefit from time to time.
Posted on 3/15/21 at 11:17 am to deltaland
99% of the time I do make too much.
But 2019 was apparently a good year to be unemployed for 6 months.
But 2019 was apparently a good year to be unemployed for 6 months.
Posted on 3/15/21 at 11:39 am to deltaland
Fell right in the middle of the phase out amount and the cut off. So I'm getting less than half of it
Posted on 3/15/21 at 11:51 am to deltaland
I got nothing.
Posted on 3/15/21 at 12:03 pm to Notnac
Figured anyone posting on the OT wouldn’t qualify for the stimulus.
Posted on 3/15/21 at 12:03 pm to deltaland
We will miss out. I got a new job that gives a cash sign on bonus year one and then stock options after. That bonus pushed me over the top.
Posted on 3/15/21 at 12:26 pm to Centinel
quote:
Haven't gotten a single stimulus check since this bullshite started.
$0 in stimulus over here too.
Posted on 3/15/21 at 12:28 pm to deltaland
Not getting a check here but look on the bright side those not getting a check are said to be in the top 15% of wedge earners, I guess that’s something right?
Posted on 3/15/21 at 12:43 pm to Tiger Baiter
quote:
those not getting a check are said to be in the top 15% of wedge earners
It sure doesn't feel like it.
Posted on 3/15/21 at 12:51 pm to eScott
Agree, they make it sound like we’re wealthy but sure doesn’t feel like it at all. Don’t get me wrong, glad I make over the limit but not feeling wealthy like they want you to think!
Posted on 3/15/21 at 1:13 pm to deltaland
Had a friend break the new stimulus bill out in basic layman terms for easier understanding.
Well, the latest COVID bill has officially passed. The US GDP is currently $21.5Trillion. The latest package is for $1.9Trillion. Basically, we’ve taken out a loan for another 9% of our annual income. If you make $70k a year, that’s like taking out another $6300 loan (after the ones you took last year and around Christmas).
For grins, I’ll base things upon a $6300 loan. What did you get for that?
Well, you’ll get $1400 back almost immediately. That’s just under a quarter of the package, and is, what they sell it on. You’re also going to send another $1134 out to States (I’ve never really understood why Texans should send money to California to cover their choices, but that’s the way we work). You’ll give $815 to those without a job (unemployment), and another $726 to aid for families and child care (above what you're already giving them). You’re going to send another $590 to schools, both grade schools and colleges, to “help reopen” (although it officially says they can use it for anything school related) cause (see above) States don’t really take care of education on their own, and because…lobbyists. $580 will go towards vaccine distribution and health care (see, there is some for COVID), $360 from your pocket to farmers and other “vital” businesses, and the remaining $700 will go towards what I’ll call misc (FEMA, renter assistance, aid to "socially disadvantaged," etc).
Obviously, if you make more and pay more taxes, your numbers will go up accordingly. This was just based upon a $6300 loan for illustration, which corresponds with what it would feel like if you made $70k. Yes, you get $1400 back right now, but that's only $1400 of your $6300 loan.
Well, the latest COVID bill has officially passed. The US GDP is currently $21.5Trillion. The latest package is for $1.9Trillion. Basically, we’ve taken out a loan for another 9% of our annual income. If you make $70k a year, that’s like taking out another $6300 loan (after the ones you took last year and around Christmas).
For grins, I’ll base things upon a $6300 loan. What did you get for that?
Well, you’ll get $1400 back almost immediately. That’s just under a quarter of the package, and is, what they sell it on. You’re also going to send another $1134 out to States (I’ve never really understood why Texans should send money to California to cover their choices, but that’s the way we work). You’ll give $815 to those without a job (unemployment), and another $726 to aid for families and child care (above what you're already giving them). You’re going to send another $590 to schools, both grade schools and colleges, to “help reopen” (although it officially says they can use it for anything school related) cause (see above) States don’t really take care of education on their own, and because…lobbyists. $580 will go towards vaccine distribution and health care (see, there is some for COVID), $360 from your pocket to farmers and other “vital” businesses, and the remaining $700 will go towards what I’ll call misc (FEMA, renter assistance, aid to "socially disadvantaged," etc).
Obviously, if you make more and pay more taxes, your numbers will go up accordingly. This was just based upon a $6300 loan for illustration, which corresponds with what it would feel like if you made $70k. Yes, you get $1400 back right now, but that's only $1400 of your $6300 loan.
Posted on 3/15/21 at 1:14 pm to deltaland
quote:
Catfish farmers don’t get subsidies
They sure as hell get grants. You aren’t any better than anyone
Posted on 3/15/21 at 1:16 pm to deltaland
Checking in and checking in on more taxes. Should be good.
Posted on 3/15/21 at 1:19 pm to deltaland
quote:
Catfish farmers don’t get subsidies
We know you too are just a bottom feeder.
Posted on 3/15/21 at 1:44 pm to CunningLinguist
quote:
Because I’d bet it is is higher then that for the demographic I referenced
You're full of shite. Your misuse of the word "then" tells me you aren't college educated. Enjoy your check.
I'll let the double "is" slip. Typo's are excused but not mixing up the "then" "than" use.
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