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Ohiobuckeye
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It’s a stimulus package... to jump start the economy. Or it could be a bribe for your vote.
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Why is Boeing getting 17 billion dollars
I’ll take my $1,200 |
As previously mentioned, there are seniors, many of whom are living on 1200. per month, especially those who are single. I'm happy for you that you don't need it. Great opportunity for you to do something good for others! Contribute to Corona research, the project to feed the less fortunate school children who depend on the generosity of people who make sure they get the food they need, so they can learn. There are a million options. Please do us all a favor and let us know what you end up doing with your excess $1200.
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stimulas checks
i am hoping we get our checks. we don't get enough i S.S. to even file income tax . this would help pay for some of our medical bills. My hat gets tipped to the people who don't need the money.
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Small business is great but they don’t provide all that much employment. The deli can maybe hire 2 workers at minimum wage where larger establishments hire many more at better wages. Do small businesses provide you with your light bulbs, your car, your medications or even the cereal you had for breakfast? Of course not. And that’s why we need to bolster all phases of the economy including farmers. |
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I didn't know that there is a minimum income level to file. I thought all income is supposed to be reported. In fact, if your income is that low, you;'re probably eligible for earn income credits in which the government would send you money. |
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True some people are going to need it to help pay for all the stuff they’ve been hoarding from the Supermarket. Repair job needed. it will be spent and then some!
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Have you check the value of any of your investments lately?, also I know that there are quite a few retires which live in a very tie budget, also that money will be feed right back into circulation via expenditures.
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The income eligibilty to get a check is based on your 2018 tax return. But, I think if you are on social security, you will get a check even if you didn't need to file a 2018 return. Also, the earned income credit only applies when you have earned income.
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I'm using mine to buy tp, paper towels and a gun with ammo.
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Its amazing to me that so many do not understand the reasoning behind the shecks that we will be receiving. These are not meant for helping those affected by the virus (ie,those that have been laid off). The checks are for SPENDING by everyone with the purpose of stimulating the economy. Hence the name - Stimulus Checks. Those who have lost jobs are being helped by the longer Unemployment Compensation times and upgraded minimum $ amounts.
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supplement income checks.
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The $1200 checks will be payed back in the 2020 tax year as a deduction on our refunds or a increase in our tax debt. I read this to mean that if I was going to receive a $2,000 tax return next year I would first be debited the $1,200, and only receive $500 for my 2020 tax return. Not sure how they plan to handle the people who actually own taxes or do not receive a refund greater than the $1,200 but I for one plan on banking my $1,200 until I know for sure I won't be charged for it next year. Experience has shown that there is seldom a free lunch. |
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If you don't need it don't cash the check if it come's by mail or help someone in need.
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Because we are able to retire and be financially secure, we then can do things like donate any "extra" money to, say ... local medical facilities to purchase need supplies or any NGO that helps those in need. I think this always applies, especially today: “‘Truly I tell you, whatever you did for one of the least of these brothers of mine, you did for me’”. Enjoy sharing your wealth!
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:bigbow: Exactly................spend it, donate it into the economy. |
I'm sure hairdressers/dog groomers/housekeepers have lost clients or are not working at all due to closures. I'm also going to order takeout and give big tips to all the servers at our favorite restaurants. Then whatever is left I will send to local animal shelters and rescues.
Another idea to give to the needy: Wildwood school district is always hurting for school supplies, etc. A lot of the kids are at or near poverty levels. Just a thought. |
Donate it
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You should be more worryed about how many millons of this stimulus tax payers money will be stolen then to point your finger at those that collect SS and put them into shame!
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All those posting on here how we & they don't need it and it should go to this one or that one. Remember that when you go out to eat, have a few cocktails, get your hair or nails done, they're the ones who've been out of work or at least some of them and will need the money!
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Yes
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I DEFINIETLY NEED IT! I'm truly glad you don't need it. My SS check isn't enough, so I've been using retirement. Now I hate to take it out since I've lost so much. Donate if you can. Stay safe.
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Well then, donate it.
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