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  #16  
Old 04-01-2020, 09:59 AM
fourbore
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I dont even have a TV and I know what that is
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  #17  
Old 04-01-2020, 10:09 AM
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Originally Posted by fourbore View Post
...You all understand, if you have not paid 1200 in taxes you are not getting the full 1200 'refund' back...
Not sure where you may have read that but it’s not what the IRS is putting out.

https://www.irs.gov/newsroom/economi...u-need-to-know

This in particular:

I am not typically required to file a tax return. Can I still receive my payment?

Yes. People who typically do not file a tax return will need to file a simple tax return to receive an economic impact payment. Low-income taxpayers, senior citizens, Social Security recipients, some veterans and individuals with disabilities who are otherwise not required to file a tax return will not owe tax.”

So that 35 yr old living in his(or her) parents basement and still trying to find their place in life after working at MickyD’s for 2 weeks last year before deciding on another calling will also be eligible.

Debt to GDP marches on.
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  #18  
Old 04-01-2020, 10:14 AM
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If you have a household income of $150K you don't need $1,200. 1917
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  #19  
Old 04-01-2020, 10:22 AM
1917-1911M
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I don't read anything in the IRS guidelines that are currently available tying payments to taxes paid either. What is the source of this info? 1917
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  #20  
Old 04-01-2020, 10:40 AM
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If you plan on using your $1200 on a gun that tells me you really don't need it. Instead of buying a guy maybe you should help someone in need. There's a lot of folks out of work right now and who knows when they're going back.
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  #21  
Old 04-01-2020, 11:21 AM
fourbore
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Eligible taxpayers who filed tax returns for either 2019 or 2018 will automatically receive an economic impact payment of up to $1,200 for individuals or $2,400 for married couples.
From the link posted 4 or 5 back.

It say up to 1200. Not 1200. I advised my friend to see about filing. He did file in 2019, so we will see what happens. He might get the 600 min?

I got to go do some stuff. If you all cannot figure this I will take all the time to find a link or post a deep and sincere apology.

As for $150k earners not needing 1200. Agreed. I dont make 150k (jointly) and yet I dont need 1200 (or 2400 total). I got no problems. We paid enough in to get the full 2400 back. It is happy money. Not needed money.

Last edited by fourbore; 04-01-2020 at 11:25 AM.
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  #22  
Old 04-01-2020, 11:21 AM
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Originally Posted by 1917-1911M View Post
If you have a household income of $150K you don't need $1,200. 1917
Very true. I ain't getting it and I dont need it. Give it to someone that isn't going to buy a new iPhone.
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  #23  
Old 04-01-2020, 11:23 AM
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If you plan on using your $1200 on a gun that tells me you really don't need it. Instead of buying a guy maybe you should help someone in need. There's a lot of folks out of work right now and who knows when they're going back.
I doubt that many of 'us', here on RFC, need much. When we have, I've seen this community step up like no others.

You can rest well knowing that compassion is alive and well, here at RFC. If a member decides to spend his/her stimulus money on a new hedge against inflation that goes bang, I won't fault them.
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  #24  
Old 04-01-2020, 11:31 AM
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based on the published rules and our joint taxable last year we expect 2400$....We already decided, cuz WE do not need it, to stimulate our local economy by judicious grants to food bank, no kill shelter, hiring out of work for local folk to do lawn care, wash cars, wash windows, paint front door at well above typical rates

BTW 500$ earmarked to buy more stocks....wink
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  #25  
Old 04-01-2020, 11:39 AM
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I said to my wife I can get a nice gun for 2400. she shows me a picture of her next sewing machine. then says when is the money coming. she is sewing masks to give to people that need them. she is also in a group that makes gowns for premature babies that pass away. they donate them to local hospitals and funeral homes. she has about 25 sewing machines and one quilt machine that is 14 foot long. I stay out of her way it is safer. I hope she likes her new sewing machine
Holy crap! I'm married to the same woman!

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  #26  
Old 04-01-2020, 11:39 AM
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Cashing ours and putting it in gun safe. If I was purchasing a weapon it would be a new Colt revolver.
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  #27  
Old 04-01-2020, 11:46 AM
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Hmm.If the IRS can see who gets a check then more than likely they can also see exactly what you spent it on,I think they would frown on purchasing guns and ammo in the long run and probably take funds back later on,just sayin.It ain't over till it's over,carry on,just my 2 cents
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  #28  
Old 04-01-2020, 11:49 AM
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Hmm. Let's think this through. I cash a $1,200 check at the bank. I'm walking down the street with $1,200 in my pocket. I don't think Uncle Sam or any three letter agency thereof will be able to tell whether you spend it on Big Macs or Mac 10s.
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  #29  
Old 04-01-2020, 11:57 AM
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Quote:
Originally Posted by tommyt654 View Post
Hmm.If the IRS can see who gets a check then more than likely they can also see exactly what you spent it on,I think they would frown on purchasing guns and ammo in the long run and probably take funds back later on,just sayin.It ain't over till it's over,carry on,just my 2 cents
It's none of their business what you spend it on. The reason this money is being sent out isn't because they want people to save it. They want people to go out and spend it to try and get the economy going again. Why else would they give it to people who are still working? On top of that if you do get laid off you will get $600/week plus whatever you would normally get from unemployment. So for most people who are getting this money it is basically a bonus. Not saying I agree or disagree with it, just stating the facts. As far as the amount they will go by your 2019 taxes filed. If you didn't file for 2019 they will use your 2018. Every American who filed and made under $75,000 individually or $150,000 jointly will get $1,200 per adult and $500 per child/dependent. You don't have to have worked to qualify but you do have to file a tax return or have filed one in 2018 or 2019. People on social security are also eligible.

Last edited by Nick7274; 04-01-2020 at 04:13 PM.
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  #30  
Old 04-01-2020, 11:58 AM
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Hmmm,Still gotta register the gun,smh
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