Munchie Check Spending
Okay, politics aside, if/when we get COVID checks in America from the government, what will the munchies buy or spend their money on? Pay their bills, food, toilet paper, clean socks? Any guesses? LV purses š?
Posted Mar 20, 2020, 3:20 PM UTC
Iāve seen that there are restrictions on the bill thatās been presented. If they have very little tax liability, they get $600. If they have no tax liability, they donāt get anything at all. The wealthy get less, the corporations and middle class get the most, people with very low tax liability (due to low income or not working) get the least.
The dems are holding it up for that reason. Iām not sharing an opinion on that at all, itās just the difference between the parties and who their focus is on
It doesnāt answer your question but we finally have SOME details on it, it hasnāt been passed yet and could change to gain Democrat approval
This isnāt a political post, itās just detail behind it, so keeping with the op request, no politics! I just wanted to share some details
Well shit. My tax liability was very little this year despite making in the mid-30k area because I itemized between tuition, medical bills, and a few other things. But I also ended up on partial layoff plus the whole company took a pay cut so I could really use that money š¤¦āāļø
Thatās why itās being held up and hasnāt passed yet, hopefully it works out for you!
Thanks. You think healthcare workers would be immune to all this but I had to take one for the team. It was either a bunch of us volunteer for partial layoffs or they had to start cutting.
I'm one of the few without kids so I felt like I had to
The way the bill is currently structured it's like the GOP is saying "poor people are used to being poor so they don't need any assistance"
If that's the case, none lf them will get anything besides PK. I made 7K in 2019 and my tax liability was 0. I doubt Amanda or Analiese have made more tham that. It sucks though. I hope they change it cuz if they don't, I won't have enough money to go to school next semester, since my work is shut down and not giving me any kind of paid leave.
I saw that it wonāt be $0 if you had at least $2500 in qualifying income. Nothing is final yet, so Iām not sure if these numbers are accurate. The dems will probably change some things to give more because they arenāt happy with the bill
She's been writing books & collecting donations via GoFundMe, so she might end up getting NOTHING if the checks are front-end means-tested.
Because we file our 2019 tax returns in the 2020 calendar year, any front-end means-testing would have to be done based upon data from the 2018 tax year.
Correct! It may change. Iām just curious as to what people think they would spend their money, if they qualified for it.
I know, honestly I typed it all out before I saw that it was a no politics post š so I added that part after
My guess is they wonāt be spending it on bills
Youāre explanation was on point, always good to have more background info!