What are you buying with your $1200 check?

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JEDIYoda

JEDIYoda

Lifer
Jul 13, 2005
33,981
3,318
126
The massage parlour on the corner is advertising a Special massage for $1,200,,,,,,,,
 
JEDIYoda

JEDIYoda

Lifer
Jul 13, 2005
33,981
3,318
126
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 41iGK4ity-L._AC_.jpg
 
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Paladin3

Paladin3

Diamond Member
Mar 5, 2004
4,933
877
126
Get caught up on bills and put new tires on my car. Anything left over goes into savings.
 
PlanetJosh

PlanetJosh

Golden Member
May 6, 2013
1,815
143
106
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

JEDIYoda

Lifer
Jul 13, 2005
33,981
3,318
126
PlanetJosh said:
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.
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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!
 
clamum

clamum

Lifer
Feb 13, 2003
26,255
403
126
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.
 
S

s0me0nesmind1

Lifer
Nov 8, 2012
20,828
4,777
146
clamum said:
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.
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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
 
Mai72

Mai72

Lifer
Sep 12, 2012
11,578
1,741
126
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. :):):)
 
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clamum

clamum

Lifer
Feb 13, 2003
26,255
403
126
s0me0nesmind1 said:
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
Click to expand...
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.
 
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S

s0me0nesmind1

Lifer
Nov 8, 2012
20,828
4,777
146
clamum said:
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.
Click to expand...

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.
 
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mrblotto

mrblotto

Golden Member
Jul 7, 2007
1,647
117
106
Prolly something boring like put it toward the mortgage principle...........hooray........kind of?
 
repoman0

repoman0

Diamond Member
Jun 17, 2010
4,470
3,311
136
s0me0nesmind1 said:
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.
Click to expand...

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.
 
S

s0me0nesmind1

Lifer
Nov 8, 2012
20,828
4,777
146
repoman0 said:
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.
Click to expand...

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.
 
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