What if the next stimulus check was only for people with incomes less than $100K ? (rich)

[teqp]

I say they should cap the income level...is 100k the right amount? Maybe,maybe not, but it sure seemed like quite a few folks that did receive the first check didn’t need it as on a CD thread stated they were saving it or adding it to their investment funds.

[jonbenson]

[Sonny3]

Good idea. We are neck deep in debt already.

[bobspez]

Originally Posted by PamelaIamela

Sez you.
Lemme guess... you make under $100k or you don't file a joint return?

We file a joint return and the joint income is less than $150K. We both got stimulus checks. I think that's a fair cut off. If we made over $150K as a joint income I wouldn't feel bad about not getting stimulus checks.

[lieqiang]

Originally Posted by RationalExpectations

It certainly helped China's economy.

Lots of stimulus money was spent at Walmart, Target & Costco -- thus helping China's economy. I even saw a bag of frozen edamame (soybeans) at Costco - from China. We grow soybeans in this country, and still some of it comes from China. smh.

it helps US economy too. Tariffs, transportation, employees, infrastructure, etc/

[1insider]

Originally Posted by teqp

I say they should cap the income level...is 100k the right amount?

Repeating what's already been said. There is a cap:

If you made more than these amounts you did not get a check.
Single Filer: $99,000
Joint Filer (no children): $198,000

[mizzourah2006]

Originally Posted by jonbenson

What if the next stimulus check was only for people with incomes less than $100K or pick another figure.


advantage:
The government would save a lot of money and there would be less debt


disadvantage:
some people 100k and up might feel it was unfair

__________________________________________________ _________


but overall would it be better or worse for the country?

wasn't that how the first one worked?

https://www.irs.gov/newsroom/economi...al-information

"Who is not eligible" "You do not have any qualifying children and your adjusted gross income is greater than $99,000"

[jonbenson]

Originally Posted by mizzourah2006

wasn't that how the first one worked?

https://www.irs.gov/newsroom/economi...al-information

"Who is not eligible" "You do not have any qualifying children and your adjusted gross income is greater than $99,000"

yes I see that. I should have done basic research on that, apologies to all. Virtually the same figure I mentioned is already there. Maybe I even heard this at some point and then forgot about it.

why the difference here between 75K and 99K ?



https://www.irs.gov/newsroom/economi...al-information

[J746NEW]

Originally Posted by jonbenson

What if the next stimulus check was only for people with incomes less than $100K or pick another figure.


advantage:
The government would save a lot of money and there would be less debt


disadvantage:
some people 100k and up might feel it was unfair

__________________________________________________ _________


but overall would it be better or worse for the country?

There would be 40 pages of venom, outrage and shouts of socialism.
When the rich get handouts you get crickets.

[SuiteLiving]

Originally Posted by jonbenson

yes I see that. I should have done basic research on that, apologies to all. Virtually the same figure I mentioned is already there. Maybe I even heard this at some point and then forgot about it.

why the difference here between 75K and 99K ?



https://www.irs.gov/newsroom/economi...al-information

Above $75,000, the amount of the payment was reduced 5% for everything above. The $1,200 was fully phased out (reduced to $0) at $99,000.