What are you buying with your $1200 check?

[JEDIYoda]

fixed

Thx.....I should have proof read what I posted.....

 

[MrSquished]

Food and liquor. Duh.

 

[JTsyo]

Im going to go the casino and double it.

I see you're struggling with the stay at home directives.

 

[JTsyo]

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

Think of the economy.

 

[Platypus]

I won't receive one, but if I did I would donate it to local businesses getting crushed by our shitty government's inability to do their job

 

[balloonshark]

I probably don't qualify. If I do get a check and the check or envelope mentions Trump, Republicans or GOP the money will be donated to the Democratic primary winner's campaign. Sorry to get all political but you asked.

 

[Synomenon]

Put it away. Aren't they going to try getting this money back during tax time the next couple of years?

 

[JM Aggie08]

We don't qualify. Very fortunate that we can both work 100% remotely as well. VERY thankful.

 

[boomerang]

Don't forget about having to pay federal, state and local taxes as well as SS/Medicare taxes. The lucky ones won't find that the check pushed them into a higher tax bracket.

I've read at numerous places about who will qualify but nowhere have I read how the tax situation is going to be handled. So the above is not for certain but I would think that it is highly likely. I'd be amazed if it was tax free.

 

[GrumpyMan]

I'm going to buy a respirator.

 

[nakedfrog]

Don't forget about having to pay federal, state and local taxes as well as SS/Medicare taxes. The lucky ones won't find that the check pushed them into a higher tax bracket.

I've read at numerous places about who will qualify but nowhere have I read how the tax situation is going to be handled. So the above is not for certain but I would think that it is highly likely. I'd be amazed if it was tax free.

Tell me, how exactly do you think tax brackets work?

 

[JEDIYoda]

If this is truly a gift and not counted as income then maybe you will not have to pay taxes.....

 

[highland145]

If this is truly a gift and not counted as income then maybe you will not have to pay taxes.....

No way congress would let that go. Same with unemployment. IMO.

 

[JEDIYoda]

No way congress would let that go. Same with unemployment. IMO.

sadly I must agree!!

 

[Red Squirrel]

Wait, would they serious tax that? That seems so counter productive. It's like "here's $20... ok give me $10 back".

 

[JEDIYoda]

Wait, would they serious tax that? That seems so counter productive. It's like "here's $20... ok give me $10 back".

I am sure Trump would!! That is just a hunch.....

 

[highland145]

I am sure congress would!! That is just a hunch.....

fixed

 

[IronWing]

The 2008 stimulous checks were formally tax rebates so were not taxed. I don't know about the currently proposed checks.

 

[mopardude87]

Either going 3700x/3900x or maybe i will save it towards a 360 magnum crate from summit racing. The check won't clear the motor but between savings and the check oh yes. Gonna be fun dropping a 320hp stock motor into a dart/valiant/duster/demon. Most likely a 65 gt with bucket seats i found, it has the v8 option already so the swap would be SO easy. Then gotta check out the gear in the rear. Doubt its sporting a 8 3/4 rear end.

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[highland145]

The 2008 stimulous checks were formally tax rebates so were not taxed. I don't know about the currently proposed checks.

Didn't that come out of your potential return? Being 12 years ago, i surely don't remember.

 

[JM Aggie08]

This will soon need to be moved to P&N.

 

[bfun_x1]

I'll be paying off my Daughters $1600 dentist bill. I should have become a dentist.

 

[BudAshes]

Strippers+blow, obvi.

 

[Svnla]

Buy almost 2/3 ounce of gold? 1 oz (gold coin) is about $1800 US as of today.

 

[Ferrari355]

Don't forget about having to pay federal, state and local taxes as well as SS/Medicare taxes. The lucky ones won't find that the check pushed them into a higher tax bracket.

I've read at numerous places about who will qualify but nowhere have I read how the tax situation is going to be handled. So the above is not for certain but I would think that it is highly likely. I'd be amazed if it was tax free.

There aren't any state or local income taxes where I live.