So, ATOT, what are you planning on spending the 3rd round of Coronabucks on?

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jpiniero

Lifer
Oct 1, 2010
14,565
5,196
136
Getting this thread on track, happen to notice that the current version of the Senate bill greatly reduces the eligibility. You get nothing over 80k for singles and 160k for couples.
 
Nov 8, 2012
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Getting this thread on track, happen to notice that the current version of the Senate bill greatly reduces the eligibility. You get nothing over 80k for singles and 160k for couples.

Yup. UltimateBob posted that a few posts back. Cuts us out of the picture entirely..... and I at least got partial for the last 2 checks that were of smaller amounts.

Oh well =/
 

nakedfrog

No Lifer
Apr 3, 2001
58,112
12,306
136
Yup. UltimateBob posted that a few posts back. Cuts us out of the picture entirely..... and I at least got partial for the last 2 checks that were of smaller amounts.

Oh well =/
Blame the other folks making $78k+ who didn't spend their last stimmy! :p
 

Captante

Lifer
Oct 20, 2003
30,266
10,766
136
Facts are hard though, I understand


The irony of this comment ... there are MANY reasons NY led the pack in Covid cases and deaths. I do understand the attraction of a simple answer here but that's not the way it works IRL.

I COULD waste everyone's time pointing out what should be obvious but its been done so many times at this juncture I'm not going to bother.
 
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deadlyapp

Diamond Member
Apr 25, 2004
6,587
702
126
Yup. UltimateBob posted that a few posts back. Cuts us out of the picture entirely..... and I at least got partial for the last 2 checks that were of smaller amounts.

Oh well =/
I just thought it was hilarious that they even bothered to do a phase out for the 10k between 150 and 160k. Why don't you just set the hard cap to 150k and anything over that you get no stimmy? meh.
 

kage69

Lifer
Jul 17, 2003
27,162
36,021
136
House and cars paid off, and I have a good job that has sent raises and bonuses my way since the pandemic started. We know others that need help badly, so we're going to use a couple hundred for some big orders at local restaurants - the rest will be gifted to friends/parents we know who have been hanging onto their sanity/finances by their finger tips.
 
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Captante

Lifer
Oct 20, 2003
30,266
10,766
136
I just thought it was hilarious that they even bothered to do a phase out for the 10k between 150 and 160k. Why don't you just set the hard cap to 150k and anything over that you get no stimmy? meh.


Although it would make a LOT of folks very unhappy, really the only people getting this money should be those who genuinely have been kicked in the nads by Covid and/or are living hand-to-mouth.

If you have an $80k+ salary with decent bennys you may not be rich BUT if you're single and not living well then you are straight-up doing it wrong.
 
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kage69

Lifer
Jul 17, 2003
27,162
36,021
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Although it would make a LOT of folks very unhappy, really the only people getting this money should be those who genuinely have been kicked in the nads by Covid and/or are living hand-to-mouth.

If you have an $80k+ salary with decent bennys you may not be rich BUT if you're single and not living well then you are straight-up doing it wrong.


Exactly. Parents have been selling their blood to afford grocery bills. A friend's wife admitted to doing this, broke my heart and ruined my day in a way I haven't been able to forget.
 
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Nov 8, 2012
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Or, you know, all the Senators voting against the stimulus...

I certainly do blame them. I also blame the senators who were elected and they SPECIFICALLY were elected based on telling their citizens that they were going to get $2,000 checks.

But I also just as much blame the progressives that were against this earlier phase-out that are going to get steamrolled and not budge an eye at pushing back on it when it comes back to the house to vote on the changes.

It's just one guy - and a complete idiot one at that. Put him in his place. Instead when you bend over to this stuff it basically confirms his power to continue using it.
 
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Captante

Lifer
Oct 20, 2003
30,266
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Exactly. Parents have been selling their blood to afford grocery bills. A friend's wife admitted to doing this, broke my heart and ruined my day in a way I haven't been able to forget.


I know ... breaks my heart. :(

Bottom line I was hit fairly hard by the pandemic myself... my company has been 90% shut down since the owners PPP loan ran out in September and the transportation industry as a whole is still running on fumes.

Having said that, while I have not made a killing in the market or mined a ton of bitcoin, I was able to pay off my car, pay the rent ahead, upgrade my gaming PC and eat pretty much what I wanted without any difficulty throughout.

Further even if the wheels had come totally off I'm only responsible for me right now and I need very little to survive. Being a single-mom or the like in these times with little/no support must be a nightmare.
 
Nov 8, 2012
20,828
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I just thought it was hilarious that they even bothered to do a phase out for the 10k between 150 and 160k. Why don't you just set the hard cap to 150k and anything over that you get no stimmy? meh.

Phase outs in general are always a smart idea - but I agree the $10k phaseout is laughable.

Although it would make a LOT of folks very unhappy, really the only people getting this money should be those who genuinely have been kicked in the nads by Covid and/or are living hand-to-mouth.

If you have an $80k+ salary with decent bennys you may not be rich BUT if you're single and not living well then you are straight-up doing it wrong.

Depends. First - it's based on what you made in 2019 by default unless you have quickly filed your return for 2020. So that already doesn't potentially take into account people's losses.

Second - There are plenty of people that made good money as a middle-class person that are still hurting. It's not just a matter of helping the poor - people that are in the middle-to-upper middleclass still have car payments, house payments - and if their business is greatly suffering during this time, they might not be up to par with the amount of income needed to sustain the bills from what they once had.

Lastly - Stimmy all around is just good for the overall growth to get back its feet. As long as it isn't going to people making $400k+ then chances are good it will be spent.
 
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Captante

Lifer
Oct 20, 2003
30,266
10,766
136
Phase outs in general are always a smart idea - but I agree the $10k phaseout is laughable.



Depends. First - it's based on what you made in 2019 by default unless you have quickly filed your return for 2020. So that already doesn't potentially take into account people's losses.

Second - There are plenty of people that made good money as a middle-class person that are still hurting. It's not just a matter of helping the poor - people that are in the middle-to-upper middleclass still have car payments, house payments - and if their business is greatly suffering during this time, they might not be up to par with the amount of income needed to sustain the bills from what they once had.

Lastly - Stimmy all around is just good for the overall growth to get back its feet. As long as it isn't going to people making $400k+ then chances are good it will be spent.


Valid points ... an $80k salary = borderline poverty-stricken in some parts of the country after housing costs too.

Maybe the key is to do a one-time stim for folks who are working and/or doing okay and a recurring smaller monthly payment for those who are really hurting?
 

snoopy7548

Diamond Member
Jan 1, 2005
8,057
5,052
146
Phase outs in general are always a smart idea - but I agree the $10k phaseout is laughable.

Depends. First - it's based on what you made in 2019 by default unless you have quickly filed your return for 2020. So that already doesn't potentially take into account people's losses.

Second - There are plenty of people that made good money as a middle-class person that are still hurting. It's not just a matter of helping the poor - people that are in the middle-to-upper middleclass still have car payments, house payments - and if their business is greatly suffering during this time, they might not be up to par with the amount of income needed to sustain the bills from what they once had.

Lastly - Stimmy all around is just good for the overall growth to get back its feet. As long as it isn't going to people making $400k+ then chances are good it will be spent.

Their fault for taking on debt they couldn't afford for things they didn't need.
DVjZjkk.gif
 
Nov 8, 2012
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Their fault for taking on debt they couldn't afford for things they didn't need.
DVjZjkk.gif

So only poor people and the lower class are entitled to taking on debt - making wrong decisions like buying new cars instead of used - etc..?

I mean, preaching to the choir here as far as people should be held accountable and be responsible for themselves, but thats not the American Way (TM) of Keeping up with the Jones'.
 
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Red Squirrel

No Lifer
May 24, 2003
67,298
12,082
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www.anyf.ca
Valid points ... an $80k salary = borderline poverty-stricken in some parts of the country after housing costs too.

Maybe the key is to do a one-time stim for folks who are working and/or doing okay and a recurring smaller monthly payment for those who are really hurting?

Yeah it's nuts, according to my T4 I made 84k in 2020, I should be rich right now. But yet I'm still trying to pay down a 14k debt that I got myself into a bit over a year ago. (bought a used truck). Costs of living keep going up while salary mostly stays the same so there is less and less money left in the end. I had to bring down my mortgage payment to get a bit more breathing room. This pandemic made me realize I really need to work harder towards being more self sufficient, not only financially, but with everything including food. I'm far from that point now but I really want to work on that. Need to find land in an unorganized township first. (taxes are not as crazy, and don't need permits to build). If I can generate my own power, live in a low tax area, etc that will cut out most costs of living. Downside is I doubt I will find an 80k job I can do remotely. But I will at least setup the homestead as a camping spot and then once I feel I could live there I will figure out a source of income. At least it makes a place to bug out to if I was to lose my job.
 

jpiniero

Lifer
Oct 1, 2010
14,565
5,196
136
The version that passed the Senate did cut it so that above 80k for individuals and 150k for couples get nothing.
 
Nov 8, 2012
20,828
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The version that passed the Senate did cut it so that above 80k for individuals and 150k for couples get nothing.

People in the house should have balls to kick it back to them with a more reasonable phase-out.

$70k single with 2 kids? = $4200
$75k single with 2 kids? = $0.

That is beyond stupidity and into retardation.
 
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Exterous

Super Moderator
Jun 20, 2006
20,366
3,444
126
Spent some time preparing my taxes this weekend. Depending on timing a decent chunk of any third round is going to be sent right back
 
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ewdotson

Golden Member
Oct 30, 2011
1,295
1,520
136
One of the rooms in my house is basically my cats' room. After 14 years of living here, the carpet in that room is ... not great. It might be time for me to break down and replace it with LVP or laminate like I've been wanting to do for ages.