Google Groups no longer supports new Usenet posts or subscriptions. Historical content remains viewable.
Dismiss

No stimulus check for you

16 views
Skip to first unread message

whoishac...@gmail.com

unread,
Mar 25, 2020, 6:30:58 PM3/25/20
to
https://www.foxnews.com/politics/do-you-qualify-for-a-stimulus-check-in-senates-coronavirus-response-bill

People filing individually

People who file their taxes as individuals are eligible for payments up to $1,200, but that decreases for people who earn more than $75,000 a year. The bill says that the payment is reduced by five percent of every dollar above that mark, or $50 for every $1,000 above $75,000.

What that ultimately means is that for people who make more than $75,000 the payment is less the higher their earnings are, with it being reduced to zero for those who make $99,000 or more.

People filing jointly

Couples who file a joint tax return are eligible for a payment of up to $2,400, plus and additional $500 per child. However, that amount decreases for couples who earn more than $150,000 in a year at the same rate of 5 percent of every dollar above that mark.

This translates to less money the more people make, with it being reduced to zero for joint filers without children who earn $198,000 or more.

Andrew
Message has been deleted

А

unread,
Mar 25, 2020, 11:12:03 PM3/25/20
to
Nope, you are just making too much fucking money.

Andrew
0 new messages