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Thread: White House Giving Americans $1,000 Stimulus Checks

  1. #26
    God/dess lynn2009's Avatar
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    Default Re: White House Giving Americans $1,000 Stimulus Checks

    Quote Originally Posted by Bahuba View Post
    ^^Source?
    I watch NBC. People are welcome to believe me or not. All of this is perfectly Google-able.
    "There are different kinds of darkness. There is darkness that frightens, the darkness that soothes, the darkness that is restful. There is the darkness of lovers, and the darkness of assassins. It becomes what the bearer wishes it to be, needs it to be. It is not wholly bad or good."
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    Default Re: White House Giving Americans $1,000 Stimulus Checks

    it's a fake new

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    Default Re: White House Giving Americans $1,000 Stimulus Checks

    Quote Originally Posted by lynn2009 View Post
    I watch NBC. People are welcome to believe me or not. All of this is perfectly Google-able.
    We don't disbelieve you, it just is nice to understand what the details are. I certainly won't get one, but I'm hearing they're only giving it to people who filed returns in 2018, and LOTS of people in need don't file returns or pay taxes.
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    Default Re: White House Giving Americans $1,000 Stimulus Checks

    Quote Originally Posted by Bahuba View Post
    I hope this time they send them to people below a certain income and net worth only, that others are allowed to request loans, and that they'll give them to everyone under those levels, not just tax payers. 30+% of the poorest people in this country pay no tax and work mostly in cash they are the most vulnerable.
    Based upon a report of the 2009 stimulus most people used the check to despoit in to their saving, and only 20 percent spent it.

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    Default Re: White House Giving Americans $1,000 Stimulus Checks

    Quote Originally Posted by moneybags View Post
    They said middles class Americans will get MORE than low income employees get. They don’t give a shit about the working class.
    Um, they also assuming have more expenses.

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    Default Re: White House Giving Americans $1,000 Stimulus Checks

    Yep, 40% of people don't file but they're using that:

    Stimulus checks are coming — here's how to make sure you get yours quickly
    Spoiler alert: If you haven't filed your taxes since 2017, now is a good time to get that done.


    What I need to do is volunteer for a web based service that shows people how to fill out the tax forms
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    Default Re: White House Giving Americans $1,000 Stimulus Checks

    Quote Originally Posted by yaya_cash View Post
    Based upon a report of the 2009 stimulus most people used the check to despoit in to their saving, and only 20 percent spent it.
    Every time a dollar is deposited into a bank account, a bank’s total reserves increases. The bank will keep some of it on hand as required reserves, but it will loan the excess reserves out. When that loan is made, it increases the money supply.

    https://www.khanacademy.org/economic...e-money-supply

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    Default Re: White House Giving Americans $1,000 Stimulus Checks

    Just to follow up, file your taxes for 2019 if you haven't already

    i mean, if you owe money you might have to do some math to decide whether it is worth it.

    I am not recommending that you file a false income tax, but if you don't get all the details perfect, I kinda doubt there are going to be a lot of audits this coming year

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    Default Re: White House Giving Americans $1,000 Stimulus Checks

    Here is a detail sheet I received.

    ===========================
    CARES Act of 2020



    President Trump signed the CARES Act March 27, 2020. It is likely you are all busy preparing 2019 income tax returns, however it is also very likely your clients are asking you questions about the “rebates” they’ve all heard about. We have put this article together quickly, trying to cover most of your needs.

    REBATES

    TIMING = “AS RAPIDLY AS POSSIBLE”. We know your clients want to know WHEN. They already know HOW MUCH because they’ve heard that much on the news.



    HOW = By direct deposit if they used direct deposit on their tax return, by check to their last known address if they did not use direct deposit on their tax return.



    DETAILS, in general = Most of your clients will receive an ADVANCE REBATE of $1,200 ($2,400 if MFJ) + $500 for each qualifying child. The definition of “qualifying child” refers to IRC Section 24(c) which includes a Qualifying Child as opposed to a Qualifying Relative. A Qualifying Child is the dependent that qualifies the taxpayer for the $2,000 Child Tax Credit, while a Qualifying Relative is the dependent that qualifies the taxpayer for the $500 Child Tax Credit. Therefore the $500 rebate appears to only be for those dependents that meet the qualifying child definition (i.e., under age 17, etc.).



    This ADVANCED REBATE amount is reduced 5% of the taxpayer’s excess AGI over the threshold. The threshold is $75,000 for taxpayers filing S, MFS, or QW; $112,500 for taxpayer filing HH, and $150,000 for taxpayers filing MFJ. Therefore, those taxpayers with AGI over $99,000, $136,500, and $198,000, respectively, will not receive the advance rebate.



    This ADVANCED REBATE is based on:

    1) The taxpayer’s AGI shown on their 2019 income tax return.

    2) If the taxpayer has not filed a 2019 return, the rebate will be based on the AGI shown on their 2018 income tax return.

    3) If the taxpayer has note filed a 2019 or a 2018 return, the rebate will be paid out using information shown on the 2019 calendar year Form SSA-1099 or Form RRB-1099.



    [In other words, those that haven’t file tax returns for 2018 or 2019 will receive a rebate if they receive SS or RR benefits in 2019.



    The advance rebates will be direct deposited into the account shown on the applicable tax return or sent by check to the taxpayer’s last known address. What about those who 1) closed the direct deposit account, 2) moved from the address on the tax return without telling IRS, 3) divorced, etc., 4) refund was split into two or more direct deposit accounts, etc.? We have not read any of these issues in the 880-page Act but have not read the Act in detail. It may be in there or it may be IRS’ responsibility to deal with these issues. We do not believe IRS would do a direct deposit into an account that was used for a direct withdrawal. Within 15 days after the rebate was sent, IRS is to send a letter in the mail to every taxpayer notifying them of the amount of the Advance Rebate, how it was paid to them, and a number to call if there are issues.

    When the taxpayers file their 2020 income tax returns, this one-time credit will be calculated and reduced by the advance rebate. Therefore, the rebate a taxpayer receives this year will have to be accounted for on the 2020 income tax return. If you go back to the 2001 or 2008 Forms 1040, you will see the provisions that were made at that time. It should be the same type of procedure for the 2020 income tax returns. Make sure your clients keep track of the amount they receive in the Advance Rebate.

    We do not see a requirement to repay an advance that turns out to be higher than the amount allowed on the 2020 return. In the past rebates, this excess was not required to be repaid, but that does not mean the same rule applies now.
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    Default Re: White House Giving Americans $1,000 Stimulus Checks

    Thank you for this information!

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    Default Re: White House Giving Americans $1,000 Stimulus Checks

    I’m feeling like the government owe Americans full on reparations for the PTSD of dealing with all this. I suppose 1k is a start though

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    Default Re: White House Giving Americans $1,000 Stimulus Checks

    Auto deposit taxpayers will have money in their accounts about 4/20, those getting checks right after!

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    Default Re: White House Giving Americans $1,000 Stimulus Checks

    So basically MANY strippers won't qualify SMH.

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    Default Re: White House Giving Americans $1,000 Stimulus Checks

    It *looks* like they are doing it, but it'll be June at the least before anyone gets it.
    Sarchasm (n): The gulf between the author of sarcastic wit and the person who doesn't get it

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    Default Re: White House Giving Americans $1,000 Stimulus Checks

    So does that mean for folks that recieved 1099s in both 2018 & 2019 that haven't filed those yet will recieve something or no?
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    Default Re: White House Giving Americans $1,000 Stimulus Checks

    Quote Originally Posted by arielbriel View Post
    So basically MANY strippers won't qualify SMH.
    I would bet money that half the girls at my club won't get shit unless they had other jobs that forced them to file.

    I mean, I guess they saved all that money over the years by not paying their taxes.... but how many of them actually saved that money? Judging by the employee FB group at one of my clubs, not many - they are all wailing about how they're going to pay bills.
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    Default Re: White House Giving Americans $1,000 Stimulus Checks

    I meant, that a lot of the girls I know make more than what is allowed to receive the stimulus. Same here, lots of girls at my job who make 6 figures+ have no idea how they're going to pay their bills/ make money. It's honestly absurd.

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    Default Re: White House Giving Americans $1,000 Stimulus Checks

    Quote Originally Posted by arielbriel View Post
    I meant, that a lot of the girls I know make more than what is allowed to receive the stimulus. Same here, lots of girls at my job who make 6 figures+ have no idea how they're going to pay their bills/ make money. It's honestly absurd.
    See, it might be shitty to say but I really don't feel bad for some people in that situation. If you are making 6 figures, there's no reason you shouldn't have enough savings to cover a few months of expenses. They shouldn't be relying on a $1200 check. Safe to say unemployment won't completely save them either since their monthly bills probably correspond to their general spending habits.

    I see girls run up $50 bar tabs at work every night and it's like, what if you had saved that money for the last year? At 3 nights a week, you'd have $7800 in savings. You'd be chillin' right now, with our lower COL. Instead they're scrambling to figure out OnlyFans and applying to aid programs.

    Not that you could quantify it, but I wonder if we'll see a change in dancer spending/saving habits and even in filing taxes. Perhaps this will be a wakeup call that the money faucet can shut off abruptly and semi-permanently.
    "People jack off with the left hand and point with the right."

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    Default Re: White House Giving Americans $1,000 Stimulus Checks

    ^ sheesh, yeah, at least get the dudes to buy you the drinks haha.

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    Default Re: White House Giving Americans $1,000 Stimulus Checks

    I don't think anyone at my club cracks 6 figures. I'm 99% sure. I do hope we all get a check. ;/

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    Default Re: White House Giving Americans $1,000 Stimulus Checks

    Quote Originally Posted by xxxGothBarbie View Post
    So does that mean for folks that received 1099s in both 2018 & 2019 that haven't filed those yet will receive something or no?
    You will get this check when your income is less than $75 in two scenarios below:
    1. you filed tax return(1040/1099) in 2018 or 2019, or both.
    2. you have filed tax statement Form SSA-1099 or Form RRB-1099 in 2018 or 2019, or both. Someone who's in retirement already.


    ==========================================
    That being said,

    If you haven’t filed taxes yet for 2018, will you still receive a check because of the coronavirus?
    You should file a tax return as soon as possible. The IRS will use information on your 2018 or 2019 tax return to determine whether you are entitled to an “economic income payment” and the amount you should receive. If you didn’t file a tax return for 2019, the agency will use your 2018 return.


    “Anyone who has not filed either return should file a return for 2019 as soon as possible, even if they owe no taxes,” said tax policy expert Richard Winchester, a visiting professor at Seton Hall University School of Law. “That will prevent them from being overlooked for these payments.” Also, make sure to include direct-deposit banking information on your return so the IRS knows where to send the check.

    ==================================


    Quote Originally Posted by Selina M View Post
    I would bet money that half the girls at my club won't get shit unless they had other jobs that forced them to file.

    I mean, I guess they saved all that money over the years by not paying their taxes.... but how many of them actually saved that money? Judging by the employee FB group at one of my clubs, not many - they are all wailing about how they're going to pay bills.
    I would file a tax return for 2019 with 0 income:

    Any year you have minimal or no income, you may be able to do just that. However, it's perfectly legal to file a tax return showing zero income, and this might be a good idea for a number of reasons.
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    Default Re: White House Giving Americans $1,000 Stimulus Checks

    Quote Originally Posted by Selina M View Post
    See, it might be shitty to say but I really don't feel bad for some people in that situation. If you are making 6 figures, there's no reason you shouldn't have enough savings to cover a few months of expenses. They shouldn't be relying on a $1200 check. Safe to say unemployment won't completely save them either since their monthly bills probably correspond to their general spending habits.

    I see girls run up $50 bar tabs at work every night and it's like, what if you had saved that money for the last year? At 3 nights a week, you'd have $7800 in savings. You'd be chillin' right now, with our lower COL. Instead they're scrambling to figure out OnlyFans and applying to aid programs.

    Not that you could quantify it, but I wonder if we'll see a change in dancer spending/saving habits and even in filing taxes. Perhaps this will be a wakeup call that the money faucet can shut off abruptly and semi-permanently.
    I agree with you. Even if you don't make 6 figures, we all do pretty well that we should have some sort of savings if shit hits the fan (if you've been at it long enough). I am finding online sources of income BECAUSE I don't want to touch my savings and out of sheer boredom.

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    Default Re: White House Giving Americans $1,000 Stimulus Checks

    Sarchasm (n): The gulf between the author of sarcastic wit and the person who doesn't get it

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    Default Re: White House Giving Americans $1,000 Stimulus Checks

    BTW, I just talked to an accountant. If you have not filed income tax for 2018 or 2019, but you have received EBT/SNAP benefit. You might get $1200 as well.
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    Default Re: White House Giving Americans $1,000 Stimulus Checks

    Quote Originally Posted by lynn2009 View Post
    You're right, I can't believe I forgot about that. I have even used that service before. I owe you like a 30 percent cut. Thank you so much!!! That is going to be such a relief for them not to get my mail anyway.
    I recall watching a video that it was going to be sent online and not mailed? Maybe I'm wrong. It's only if you filed 2018 or 2019 taxes.

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