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Stimulus Check will go fast

I see there is scuttlebutt that Biden has a tax increase in the works, on corporations who will just leave money off shore again and on 400K+ earners who will just establish tax favorable trusts for their family members. They just don't get the concept of not picking others pockets. I hear it will generate about 2 trillion over 10 years. That's 200 billion a year. Ya, that will put a huge dent in our 28 trillion national debt.
 
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I see there is scuttlebutt that Biden has a tax increase in the works, on corporations who will just leave money off shore again and on 400K+ earners who will just establish tax favorable trusts for their family members. They just don't get the concept of not picking others pockets. I hear it will generate about 2 trillion over 10 years. That's 200 mill a year. Ya, that will put a huge dent in our 28 trillion national deficit.

$200 billion/yr, not million.

And $28 trillion is the national debt. The budget deficit for 2020 will be about $3.3 trillion.
 
but... But... BUT.... some (many?) did not get the the $1400 check, or any check.... this time or the last. guess they are the chumps that have others spending it for them.
i didnt get the 600 and i prob wont get this one. it doesnt matter cause i will just take it off my taxes when i file. it all comes from the same pot. some people need it right away though.
 
Guys, before you "spend" the money, check to see if you qualify to get even a penny. I suspect many people on this Forum will get ZERO dollars, or a significantly reduced amount.

Single Taxpayers with Adjusted Gross Income of $80,000+ get ZERO, and from $75,001-$79998 there is a diminishing amount.

For example, $78,000 AGI gets $560.

LINK to AARP Calculator: https://www.aarp.org/money/investing/info-2021/coronavirus-stimulus-check-calculator.html
 
Not eligible but I’m sure I’ll be paying for it just like last time.
GotRDid.
why are you not eligible ? I was under the impression that everyone gets it ?

Forum Boss: Read my post above. Many middle class and above people will get nothing.
 
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Butch,
We all know that Momma holds the pocket book. Isn't a smart man on this thread that would argue that!
I will say, that I just bought a new Mathews V3 27" and I think she needs a Garmin Zero sight and some brand new arrow! In my defense, I have been running the same Hoyt bow since 1999, so I was due. Going to be hard to let the old girl hang on the wall when I leave for the tree stand. She has put down a lot of deer in her days!
I'd argue that, at least here.

Danny
 
give me 1400 on st paddy's day and katy bar the door....
 
A little over 50% of my retirement isn't taxable so I get the entire stimulus amount. Matter-of-fact it showed up in my checking account this afternoon.
 
I know there are people who have had their businesses and livelihood crippled by the Gov’s shutdown response to COVID. We’ll probably never know for sure if the checks hurt more than they helped. What’s scarier to me are the ongoing unemployment benefits and child credits. Normalizing Gov-subsidized living on that scale, and the narrative that people “deserve” the payments, only ends one way.
 
Noble but won’t make any difference. Please find someone that really needs the money.
He might as well take the stimulus. If he doesn't, he'll just pay the increased taxes that will be used to cover the stimulus payments and will be out the money that everyone else took.

Danny
 
Having been sick since last September I haven't been posting very much. But, the following occurred the last 3 days. Having a bite with my daughter and she asks if we should plan on going to CA. for Christmas. I piped up, "We could use our stimulus check". She starts checking American Airlines out of Richmond, VA. Here is what she found RIC. VA. to Oakland, CA.

PRE COVID 19 APPROACHING POST COVID 19
Coach
$500-$550 round trip $1400 round trip

1st CLASS
$1000 $ 2000

I sold a spotting scope a couple of days ago here on the forum. The buyer lives about 5 hours from me. Went to UPS and told the clerk, "it's not very far, just get it there". Just get it there was almost $75.00!! I was totally dumbfounded. Went to the post office...It was 28.00 with insurance! Guess I haven't mailed anything in quite a while.
Of all places Oakland CA They would have to pay me to fly there .
 

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