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Author Topic: How much will your Corona stimulus payment be?  (Read 1211 times)
Mike Irwin
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« on: March 26, 2020, 01:19:31 PM »

Washington Post has an online calculator here:

https://www.washingtonpost.com/graphics/business/coronavirus-stimulus-check-calculator/?itid=hp_rhp-top-table-main_more-coverage-virus%3Ahomepage%2Fstory-ans

Be sure to use your adjusted gross income.
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MillCreek
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« Reply #1 on: March 26, 2020, 02:00:58 PM »

Zero. As it should be.
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Ron
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« Reply #2 on: March 26, 2020, 02:08:24 PM »

It's obvious our financial system is a joke.

Why bother taxing anyone if the government can just spend at will?

Call a debt jubilee and start over.

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Ben
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« Reply #3 on: March 26, 2020, 02:20:11 PM »

If I were still working it would have been zero. Now I qualify for the whole amount. I'll consider it a partial refund for getting taxed up the ass for the last 40+ years and pulling at least a couple of deadbeats in my cart that whole time, and I'll buy a couple of guns with it.
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Cliffh
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« Reply #4 on: March 26, 2020, 05:48:06 PM »

Not that I need it, but since I get a monthly fed.gov annuity, I'm curious if I'll qualify.

What the hell, mint a couple of $2T coins and it'll all be good.
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Fly320s
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« Reply #5 on: March 26, 2020, 06:15:15 PM »

0 for me, 0 for my wife, 0 for my kids.  And that is fine with me. 
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dogmush
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« Reply #6 on: March 26, 2020, 11:15:58 PM »

So this thing is based on your 2019 AGI?  One of my "deployed in a Combat Zone Tax Exclusion Area" years?  Evil

heh.  looks like I get free *expletive deleted*it.  I guess I gotta vote for AOC now.
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MikeB
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« Reply #7 on: March 27, 2020, 05:26:56 AM »

Definitely $0, I'll be surprised if it isn't actually a negative number.

WTF is up with married people getting twice the income for the "stimulus"? Kids, ok, I kind of get that, but just because someone is married? Being single except maybe for some small amount of additional electric, food, and maybe car payment I have have the exact same bills as a married couple assuming the standard car payment, mortgage or rent, phone, electric etc. Most of that stuff does not double with two people. Not that I think I should really be getting money anyway, I'm still working. That is wrong though.
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charby
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« Reply #8 on: March 27, 2020, 07:00:36 AM »

Definitely $0, I'll be surprised if it isn't actually a negative number.

WTF is up with married people getting twice the income for the "stimulus"? Kids, ok, I kind of get that, but just because someone is married? Being single except maybe for some small amount of additional electric, food, and maybe car payment I have have the exact same bills as a married couple assuming the standard car payment, mortgage or rent, phone, electric etc. Most of that stuff does not double with two people. Not that I think I should really be getting money anyway, I'm still working. That is wrong though.

Unless it changes, it is $1200 per person, so a married couple would only get $2400. Kids are $500 each up to 2 kids. So a nuclear family at most would get $3400. A single parent at most would get $2200.
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brimic
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« Reply #9 on: March 27, 2020, 07:12:57 AM »

Zero.
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MikeB
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« Reply #10 on: March 27, 2020, 07:44:19 AM »

Unless it changes, it is $1200 per person, so a married couple would only get $2400. Kids are $500 each up to 2 kids. So a nuclear family at most would get $3400. A single parent at most would get $2200.

If it were per tax payer that would be fine, but it's not. A married couple with only one income still gets to have double the income and still get the full amount. And if it is per person then the income should not matter married or not. My point is an individual will have more or less the same expenditures as a married couple not including kids, if the idea is to help people pay bills, then it shouldn't be different if married or not. Most times rent/food/electric/heat/phone/etc. won't vary much for two people vs. one.

It really doesn't matter, since I'll be lucky if I don't get a bill vs a payment and am still employed. I just don't quite understand the logic, but I guess logic and government action mostly don't go well together anyway.
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Blakenzy
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« Reply #11 on: March 27, 2020, 07:49:50 AM »

Eventually it will be a negative number for the average citizen, because TAXES!!! cheesy

Everything spent today will be sucked out of your pocket tomorrow, with interest cool
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« Reply #12 on: March 27, 2020, 08:05:14 AM »

If it were per tax payer that would be fine, but it's not. A married couple with only one income still gets to have double the income and still get the full amount. And if it is per person then the income should not matter married or not. My point is an individual will have more or less the same expenditures as a married couple not including kids, if the idea is to help people pay bills, then it shouldn't be different if married or not. Most times rent/food/electric/heat/phone/etc. won't vary much for two people vs. one.

It really doesn't matter, since I'll be lucky if I don't get a bill vs a payment and am still employed. I just don't quite understand the logic, but I guess logic and government action mostly don't go well together anyway.

Even a single person who doesn't pay taxes due to no/not enough income is going to get a check if they filed. You have to file to get the earned income credit. So your point is moot.
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sumpnz
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« Reply #13 on: March 27, 2020, 11:59:17 AM »

$4400.  It's not limited to 2 kids from what I saw.
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AJ Dual
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« Reply #14 on: March 27, 2020, 12:28:36 PM »

Looks like we'll be getting $4400, but like everyone else, I'm sure I'll lose more than that to inflation and taxes down the road.  Tongue
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charby
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« Reply #15 on: March 27, 2020, 12:35:28 PM »

Looks like we'll be getting $4400, but like everyone else, I'm sure I'll lose more than that to inflation and taxes down the road.  Tongue

Hedge with buying gold with it
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RoadKingLarry
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« Reply #16 on: March 27, 2020, 01:01:20 PM »

Looks like we'll get the $2400 for a married couple.
It will be promptly passed on to pay medical bills debt.
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MechAg94
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« Reply #17 on: March 27, 2020, 03:31:16 PM »

Quote
President Trump signed the $2.2 trillion coronavirus stimulus package on Friday after the House of Representatives passed the unprecedented legislation. It will provide relief for American workers and businesses left reeling from the tandem health and economic crises.

https://www.foxbusiness.com/money/house-passes-2t-coronavirus-relief-package-sends-to-trump
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Ron
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« Reply #18 on: March 27, 2020, 03:33:27 PM »

Looks like we'll get the $2400 for a married couple.
It will be promptly passed on to pay medical bills debt.

My $1200 will be paying off medical bills also.
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grampster
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« Reply #19 on: March 27, 2020, 03:39:14 PM »

You better just sock it away for the inflation that come about soon.  Think about cars.  They ain't building them.  So once the stock begins to get lower at the dealers, there will be a bidding war for cars.  Prices will escalate.
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MechAg94
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« Reply #20 on: March 27, 2020, 03:41:54 PM »

I believe I am above the threshold to get any money.  But at least I am still working.  Maybe I will stop dragging my feet and try to sell some guns.
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Calumus
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« Reply #21 on: March 27, 2020, 04:29:35 PM »

You better just sock it away for the inflation that come about soon.  Think about cars.  They ain't building them.  So once the stock begins to get lower at the dealers, there will be a bidding war for cars.  Prices will escalate.

I was planning on selling two of mine and picking up a new to me Hellcat this spring. Might be a bit tougher than I had planned. Though, I did talk to a friend today who makes his living picking cars up at dealerships and taking them to auction. He said he was the only truck delivering today; but the auction lot was overflowing.

Lease returns just sitting until this blows over. I'm thinking new cars might be a little less negotiable than normal; but there will probably be a ton of 2-3 year old cars with low miles that they'll be anxious to get rid of.
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brimic
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« Reply #22 on: March 28, 2020, 05:59:11 AM »

https://brrr.money/
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HankB
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« Reply #23 on: March 28, 2020, 10:31:39 AM »

Thanks to all those getting zero for helping fund my free government money!   Evil

Seriously, plenty of opportunity to discuss the inflationary ramifications of this spending bill, and how we're ALL going to pay for it later on.

You really see the disparity between "real" Republicans and the AOC wing of the Socialist Communist Democratic party. AOC is upset that illegal aliens won't be getting government checks, and at least one GOP lawmaker is introducing legislation to prevent US companies with significant or controlling interest by Chicom companies from getting any Federal Chinese corona virus bennies. (The cynic in me wonders whether he's serious or is only doing it to posture for voters.)

Were I still working, I'd be getting zero from this stimulus . . . having been forced into early retirement a while back, I figure I'll still get significantly less than the oft-mentioned $1200.
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Mike Irwin
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« Reply #24 on: March 30, 2020, 02:42:53 AM »

Posted something about the stimulus on my facebook page. One of my friends, the older sister of a college friend, lit into me about "are you going to take the payment? If you do, that means you're a fan of socialism!"

She despises Trump and is somewhere in the middle when it comes to supporting the free *expletive deleted*it party...

Funny how she didn't have anything to say in return that I pointed out that "Given what I paid in taxes last year, it's not socialism for the government to return to me a small portion of what never should have been taken from me in the first place."
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