What are you buying with your $1200 check?

[JEDIYoda]

The massage parlour on the corner is advertising a Special massage for $1,200,,,,,,,,

 

[Sonikku]

in Canada that cheque is $2000 per month for a maximum of 4 months.

In the US we had to allocate the majority of the bill to bail out the rich.

 

[JEDIYoda]

That $1,200 would buy a lot of Flamin Hot Cheetos!!
Then again it might supply the Lifer recreation room with several month ofsupply of

 

[Paladin3]

Get caught up on bills and put new tires on my car. Anything left over goes into savings.

 

[PlanetJosh]

A couple months of ObamaCare. Not really right now, I'm 65 so I'm on Medicare. But just last year and the year before I was paying 600-650 usd/month for ObamaCare. Ok technically my dad paid for it but it still came from our family.

 

[JEDIYoda]

A couple months of ObamaCare. Not really right now, I'm 65 so I'm on Medicare. But just last year and the year before I was paying 600-650 usd/month for ObamaCare.

I have ben fortunate if you can call being disabled for the last 10 years fortunate! Like a surgeon told me who was involved in my workmans comp case....you have the ebst there is! I have medicare part a and B amd I have what is called Medical and I have through the county what is know as Extra help which means basically I do not pay a dime for any of my care and I only pay a very small co pay for medicines something like $1.30 per perscription...lol

I was in a work related accident and messed up both wrists and tore up my elbows pretty bad!

 

[13Gigatons]

Most people will lose more then $1200 so I don't think it will help very much.

 

[JEDIYoda]

Most people will lose more then $1200 so I don't think it will help very much.

shhh don`t let the cat out of the bag...in the end this is really chump change!!

 

[clamum]

As far as I know I don't qualify cause I make enough over the limit. I read if you made over 75k it was like $5 less for every $100 over? Something like that.

 

[s0me0nesmind1]

As far as I know I don't qualify cause I make enough over the limit. I read if you made over 75k it was like $5 less for every $100 over? Something like that.

Yes, but there is some debate as to how it is measured - some think it will be based on your reported income for 2018 - some think based on 2019.

Likewise, if you're married then the amounts change to a combined $150k with it phasing out at $198k

 

[Roger Wilco]

Straight into the checking account. Superfluous spending seems like a pretty bad life decision at this point.

 

[Muadib]

nothing for me....I am not sure us retired guys get to participate...

I'm new to this club, so I think I will, but need more info.

 

[highland145]

lol to be paid out by 12/31/2020

 

[Mai72]

Man I'm goling to paaaaaarty! And, I'm buying those air jordans. And and a Gucci belt. And and a PS4, and gotta get a 64" TV to play all the hottest games. And and some new distressed jeans. And and i'm a gonna put $100 on a brand new $60k car. And and I'm going on vacation! Wooohaha. Whose coming! We rich.

 

[brianmanahan]

I thought everyone on ATOT makes over $100K ? Ain't getting a check.

it's true that 100$k is ATOT minimum wage

 

[Mai72]

it's true that 100$k is ATOT minimum wage

Bah. That's peanuts for most of us.

 

[clamum]

Yes, but there is some debate as to how it is measured - some think it will be based on your reported income for 2018 - some think based on 2019.

Likewise, if you're married then the amounts change to a combined $150k with it phasing out at $198k

I just computed what I'd potentially get if what I said was true and it would only be $500 less than the total.

I dunno why I thought it would be so much off that I wouldn't be getting anything. Don't really care though; I make enough and still have a job so this ain't really important to me. But I'll take some of my tax money back I guess (even though government has to borrow more to pay for this lulz).

Edit: And it's $75k AGI so I'll actually get more, I think, cause I did the math with my base gross income.

 

[s0me0nesmind1]

I just computed what I'd potentially get if what I said was true and it would only be $500 less than the total.

I dunno why I thought it would be so much off that I wouldn't be getting anything. Don't really care though; I make enough and still have a job so this ain't really important to me. But I'll take some of my tax money back I guess (even though government has to borrow more to pay for this lulz).

Edit: And it's $75k AGI so I'll actually get more, I think, cause I did the math with my base gross income.

Yeah it is AGI... So while you can subtract your 401k contributions, and HSA/FSA contributions - you also would add up any interest income or capital gains income to that as well... Best to just whip out your 2018 tax return and take a look at the AGI line.

 

[Captante]

I found what you’re looking for:
http://instagr.am/p/B-IBYaBl5Xc/

Looks more like 2/3's to me!

 

[highland145]

Looks more like 2/3's to me!

BOGO...half off.

 

[mrblotto]

Prolly something boring like put it toward the mortgage principle...........hooray........kind of?

 

[repoman0]

Yeah it is AGI... So while you can subtract your 401k contributions, and HSA/FSA contributions - you also would add up any interest income or capital gains income to that as well... Best to just whip out your 2018 tax return and take a look at the AGI line.

I read (WaPo) that 2020 income is actually what it's applied against. So they use 2018 or 2019 tax returns if available to determine if you get a check right now, and 2020 to decide how much you pay back or how much additional you get if your income goes down.

Not getting one but if I was there's no way I'd be "buying anything" with it. I already buy what I want and don't buy what I don't. It'd probably end up in savings eventually.

 

[s0me0nesmind1]

I read (WaPo) that 2020 income is actually what it's applied against. So they use 2018 or 2019 tax returns if available to determine if you get a check right now, and 2020 to decide how much you pay back or how much additional you get if your income goes down.

Not getting one but if I was there's no way I'd be "buying anything" with it. I already buy what I want and don't buy what I don't. It'd probably end up in savings eventually.

I've read that in 1 or 2 places, but none of them can confirm this or cite any source. I've seen nothing reputable in that regard.

Based on my projects, I would have to pay mine back if that were true... but again, I don't see that happening.

 

[JEDIYoda]

Straight into the checking account. Superfluous spending seems like a pretty bad life decision at this point.

Yeak..knowing Trump they might send the check out and then want the money back......

 

[highland145]

Yeah..knowing congress, they might send the check out and then want the money back......

fixed