Current Events > Second stimulus check might have income cut off point at $40,000 a year

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Awesome
07/07/20 11:54:44 AM
#1:


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PatrickMahomes
07/07/20 11:55:15 AM
#2:


nooooooooooooooooooooooooooooo i knew being successful would soon rob me of good fortune!!!!

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Bestoffuture
07/07/20 11:55:26 AM
#3:


....riot?

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Lost_All_Senses
07/07/20 11:55:39 AM
#4:


Lower that by half and you still miss me :3.

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kingdrake2
07/07/20 11:55:40 AM
#5:


i'm ready for it.
especially if they give it to every dependant.

i got screwed last time.
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Drumiester
07/07/20 11:56:01 AM
#6:


Fuck that bullshit. Give me MAH MONEY!

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BignutzisBack
07/07/20 11:56:32 AM
#7:


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Caution999
07/07/20 11:56:40 AM
#8:


Good, let's give the money to the people who actually need it.

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DevsBro
07/07/20 11:57:26 AM
#9:


Well it would suck to miss it but not like I was counting on it like some low-incomers doubtlessly are.

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Balrog0
07/07/20 11:58:23 AM
#10:


Hella interesting to see Republicans wanting to cap it so low

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Balrog0
07/07/20 11:59:15 AM
#11:


kingdrake2 posted...
i'm ready for it.
especially if they give it to every dependant.

i got screwed last time.

How did you get screwed and why would this change fix it?

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Giant_Aspirin
07/07/20 12:00:27 PM
#12:


why is it tied to income level and not employment status?

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cjs28
07/07/20 12:00:52 PM
#13:


I really didn't need the last stimulus, so I'm okay with it >_>

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Master_Bass
07/07/20 12:02:24 PM
#14:


Boooooooooo

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BudDupree48
07/07/20 12:02:51 PM
#15:


Holy shit. Wtf

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The Trent
07/07/20 12:03:38 PM
#16:


sweet, my deadbeat wife that hasn't had a job in 9 years is going to get another check!

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NeoShadowhen
07/07/20 12:04:05 PM
#17:


Balrog0 posted...
Hella interesting to see Republicans wanting to cap it so low

One argument would be that theyre trying to keep the overall cost down. Another argument would be that the rich will get their own special handouts through other tacked on things, and only the middle class will suffer.
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Balrog0
07/07/20 12:06:40 PM
#18:


The Trent posted...
sweet, my deadbeat wife that hasn't had a job in 9 years is going to get another check!

Well if you file jointly you're both getting it because that's how the government views your household income

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The Trent
07/07/20 12:08:30 PM
#20:


Balrog0 posted...
Well if you file jointly you're both getting it because that's how the government views your household income

spoken like a man that's not married!
the money i earn is ours
the money she receives through various things is hers

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Caution999
07/07/20 12:09:02 PM
#21:


The Trent posted...
spoken like a man that's not married!
the money i earn is ours
the money she receives through various things is hers

lmfao

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Balrog0
07/07/20 12:09:23 PM
#22:


The Trent posted...
spoken like a man that's not married!
the money i earn is ours
the money she receives through various things is hers

What I'm getting at is that it doesn't matter if she makes less than 40k personally lol

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The Trent
07/07/20 12:10:02 PM
#24:


it did the first round somehow
my income is well over the threshhold, her income is 0
we got a stimulus check and i have no idea why

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NeoShadowhen
07/07/20 12:10:05 PM
#25:


Balrog0 posted...
Well if you file jointly you're both getting it because that's how the government views your household income

Yeah thats my question. Is it 40k for individuals and 80k for couples? Do dependents add to that at all? It would make sense to do it that way. Did they raise the bar for qualifications for dependents last time?
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SamWincester
07/07/20 12:10:54 PM
#26:


Giant_Aspirin posted...
why is it tied to income level and not employment status?

Aren't there still extra unemployment benefits in effect?
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Balrog0
07/07/20 12:10:56 PM
#27:


The Trent posted...
it did the first round somehow
my income is well over the threshhold, her income is 0
we got a stimulus check and i have no idea why

What's your income divided by two?

I mean that's basically the calculation

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onedarksoul
07/07/20 12:11:39 PM
#28:


Giant_Aspirin posted...
why is it tied to income level and not employment status?
Because the govt seems to be thinking the middle class doesn't need help
They do

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The Trent
07/07/20 12:11:55 PM
#29:


wasn't the threshold 75? or maybe i've forgotten

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V-E-G-Y-
07/07/20 12:12:31 PM
#30:


Caution999 posted...
Good, let's give the money to the people who actually need it.

Dis
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archedsoul
07/07/20 12:13:14 PM
#31:




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Jabodie
07/07/20 12:13:18 PM
#32:


NeoShadowhen posted...
Yeah thats my question. Is it 40k for individuals and 80k for couples? Do dependents add to that at all? It would make sense to do it that way. Did they raise the bar for qualifications for dependents last time?
This was just a comment made by Mitch, with sources claiming the GOP is considering a $40k limit to the stimulus bill. We gotta wait to see how it'll show up in the actual draft, but I would guess the limit would double for couples.

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Balrog0
07/07/20 12:13:23 PM
#33:


The Trent posted...
wasn't the threshold 75? or maybe i've forgotten

Nah that's just when the payments start to go down, and it's based off of AGI not gross so it's possible that impacted things

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hyperpowder
07/07/20 12:13:33 PM
#34:


Great, I make 75k a year but that shit is heavily taxed because it's majority commission.

BS

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gatorsPENSbucs
07/07/20 12:13:44 PM
#35:


The Trent posted...
spoken like a man that's not married!
One of my favorite things to say is whats mine is ours and whats hers is hers.

So very right you are. Kids even call the bedroom and the bathroom in there her bedroom, her bed, and her bathroom.

but if this doesnt include bonuses Im fucking stoked. Im right under it and depending on when they go by, the wifes could be 0 which would be nice.

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TheGoldenEel
07/07/20 12:16:16 PM
#36:


As someone making $70k+ I didnt think I needed the first check

but also $40k is far too low of a cutoff point

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BignutzisBack
07/07/20 12:17:56 PM
#37:


gatorsPENSbucs posted...
but if this doesnt include bonuses Im fucking stoked.

How would they tell that?

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Caution999
07/07/20 12:19:21 PM
#38:


BignutzisBack posted...
How would they tell that?

Bonuses are usually reported on another form. 1098 I think. They should count.

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Tired-Insomniac
07/07/20 12:19:40 PM
#39:


So...80k for couples I take it?

Wife and I make 78k together

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coolboy11
07/07/20 12:20:11 PM
#40:


what bullshit just give everybody a check you dorks and stop being nitpicky.

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TheBiggerWiggle
07/07/20 12:29:36 PM
#41:


40K is fucking laughable, especially for those facing evictions, foreclosures, and student loan payments starting again soon.

Realistically the bottom should be like 60-65K and then cap at around 80-85K with those in the top tier (65-85) receiving reduced payments, similarly to the 80-100k payouts in the last stimulus.

Once again it needs to be said that Republicans dont give a fuck about you. Im just waiting to see what loopholes the rich could use to get a stimulus check...

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#42
Post #42 was unavailable or deleted.
BignutzisBack
07/07/20 12:34:17 PM
#43:


I've got the think the left will fight to push the threshold to at least 50k, especially since the right is dead set on ending unemployment benefits

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Ving_Rhames
07/07/20 12:35:21 PM
#44:


I aint gettin shit but it issss what it issss

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kingdrake2
07/07/20 12:35:23 PM
#45:


BignutzisBack posted...
especially since the right is dead set on ending unemployment benefits


some are still unable to work but it's more of the workers problem if the employers aren't calling em back.
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Lorenzo_2003
07/07/20 12:36:18 PM
#46:


Caution999 posted...
Good, let's give the money to the people who actually need it.

Thats odd because youre assuming people above the income point do not need assistance. Youd have to know the various peoples financial situations, to make a claim like that. I also think you're implying we cant give to both sets of people anyway, though I admit you might just not want to give to the upper bracket.

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Pus_N_Pecans
07/07/20 1:45:13 PM
#47:


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pick4six
07/07/20 1:49:39 PM
#48:


I have no problem if the rule would be projected 2020, not 2018 tax record. 2020 has nothing to do with 2018

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Lordgold666
07/07/20 1:49:41 PM
#49:


Caution999 posted...
Good, let's give the money to the people who actually need it.


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cuttin_in_farm
07/07/20 1:54:06 PM
#50:


Lol I made 38k. Sweet!

Though Im in the midwest. I feel like high cost of living folks may not be treated fair.

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Mecha Sonic
07/07/20 1:54:40 PM
#51:


I wouldn't have qualified regardless

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Axiom
07/07/20 1:57:22 PM
#52:


Caution999 posted...
Good, let's give the money to the people who actually need it.
Did you copy and paste this from a Trump tweet cause this is the kind of low IQ post he would make
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