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Old 03-29-2020, 01:40 PM
 
Location: where the good looking people are
3,817 posts, read 3,033,032 times
Reputation: 3284

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I made 73 k but live in Sac so I am considered middle class there. And I get the stimulus. Man, glad I took a 5% paycut to leave the bay. Plus San Jose is like Wuhan. And I am a government employeee on Paid Admin Leave, so I am also collecting a paycheck for sitting at home. Thanks for more free money you sucker tax payers!!!
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Old 03-29-2020, 04:50 PM
 
Location: Flovis
991 posts, read 371,082 times
Reputation: 907
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Old 03-29-2020, 05:09 PM
 
655 posts, read 1,799,580 times
Reputation: 374
Quote:
Originally Posted by Hopeful for Life View Post
Nancy Pelosi recently proposed the House’s extensive Stimulus bill to the Pepublicans. Although Pelosi represents an extremely wealthy high income district, she did not raise the Republican Senate’s qualifying income limits from $75k/yr for single taxpayers and $150k/yr for joint. How do her constituents look at this?
Median income in San Francisco is currently $86K for a single person and $123K for a family of four, so the thresholds seem pretty on point to target middle and lower income households, who are most likely to be losing their jobs without savings or other assets to fall back on. It would be nice to see the limits somehow tied to area median incomes, though. There are certainly parts of the country where $150K is dramatically above the median. Implementing something more complex quickly would likely be challenging, though.
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Old 03-31-2020, 02:42 PM
 
Location: Vallejo
15,773 posts, read 17,725,578 times
Reputation: 14201
Quote:
Originally Posted by Hopeful for Life View Post
Nancy Pelosi recently proposed the House’s extensive Stimulus bill to the Pepublicans. Although Pelosi represents an extremely wealthy high income district, she did not raise the Republican Senate’s qualifying income limits from $75k/yr for single taxpayers and $150k/yr for joint. How do her constituents look at this?
Wouldn't make much difference anyway. I'm not as high income as many people but that's maybe 2-3 days of work for an awful lot of people. What's 2-3 days worth of work going to mean in the context of not working for several months? I'm still working 1-2 days a week anyway. I'm hoping the amount of remote work picks up to around 50% in the coming weeks as this drags on. Still wouldn't entirely pay the bills but at least I wouldn't be eating into savings as quickly.
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Old 04-01-2020, 03:20 PM
 
Location: SF Bay Area
16,129 posts, read 26,936,360 times
Reputation: 9845
Should have been some sort of geographic variance based off COL or CPI. People in higher cost/income areas pay a lot more in taxes too.
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Old 04-01-2020, 05:03 PM
 
Location: Pac Heights San Francisco
421 posts, read 183,462 times
Reputation: 526
Quote:
Originally Posted by sav858 View Post
Should have been some sort of geographic variance based off COL or CPI. People in higher cost/income areas pay a lot more in taxes too.
If that were the measure governing it, perhaps a percentage of one's total tax bill for 2018 rebated would be appropriate, rather than a flat rate?

In any case, yes, people who earn more pay more taxes. They're also likely better suited to have more resources to ride out a downturn.
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Old 04-01-2020, 05:47 PM
 
Location: SF Bay Area
16,129 posts, read 26,936,360 times
Reputation: 9845
Quote:
Originally Posted by DeanoSF View Post
If that were the measure governing it, perhaps a percentage of one's total tax bill for 2018 rebated would be appropriate, rather than a flat rate?

In any case, yes, people who earn more pay more taxes. They're also likely better suited to have more resources to ride out a downturn.
Not necessarily because many make more because they live in more expensive areas. CA has the highest supplemental poverty rate. Plenty of $100K+ households in the Bay Area I'm sure are living paycheck to paycheck.
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Old 04-01-2020, 06:46 PM
 
317 posts, read 97,545 times
Reputation: 1008
Quote:
Originally Posted by DeanoSF View Post
If that were the measure governing it, perhaps a percentage of one's total tax bill for 2018 rebated would be appropriate, rather than a flat rate?

In any case, yes, people who earn more pay more taxes. They're also likely better suited to have more resources to ride out a downturn.
Nope. A higher salary doesn't equate to higher liquidity and more cash on hand.
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Old 04-02-2020, 11:26 AM
 
Location: Las Vegas/SF Peninsula/South Lake Tahoe
2,052 posts, read 1,440,129 times
Reputation: 1343
Quote:
Originally Posted by mysticpearl View Post
Nope. A higher salary doesn't equate to higher liquidity and more cash on hand.
True . . . Most people that earn a high salary fail to take advantage of the same. Most spend the said without any well planned consideration for the future.
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Old 04-02-2020, 12:58 PM
 
Location: Pac Heights San Francisco
421 posts, read 183,462 times
Reputation: 526
Quote:
Originally Posted by Erratikmind View Post
True . . . Most people that earn a high salary fail to take advantage of the same. Most spend the said without any well planned consideration for the future.
Not necessarily disputing your point, but how do you know this to be true of "most people?"
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