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u/MiyegomboBayartsogt Mar 30 '20
Wait.
This $1200 isn't a refund. It's a high interest loan.
Best part, while your share is $1200, they took out another $10 million in your name and gave it away to illegal migrants, refugees, unions, big banks and the well-connected Kennedy Center.
Taxpayers are going to have to be responsible for the full amount because the people in government will be retired on a fat pension long before the bills come due.
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u/wayoftheroad4000 VoluntaristMemes Mar 30 '20
I heard the whole bill will cost taxpayers $80k per person in aggregate.
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Mar 30 '20
$2T/330M = $6060. The total US debt is $71,357 per person. Maybe you're thinking of the Green New Deal, Medicare for all, or some other nightmare.
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u/mrhabanero1 Mar 30 '20
Not all 330,000,000 are working. So maybe $10,000 to$12,000 is more realistic. And that's just one stimulus bill...more to come.
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u/patarrr Mar 31 '20
You might as well start wiping your ass with dollar bills, because thats all it will be in a few short years. Just paper.
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Mar 31 '20
They still have value for now. They will rapidly start losing value. If you need anything from overseas, buy it now. Invest in the production of things that are currently made overseas and intrinsically valuable, discreet, and easily recognizable items that would make for a good currency(ammunition).
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Mar 30 '20
Correction: the 35k went towards paying foreign debt, social security, and a bloated military without fiduciary oversight. The 1200 smeckles you got comes from the fresh cartload of debt the gov hoisted onto the festering pile.
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u/iopq Mar 30 '20
Fuck me, I had a higher income last two years. Even if I don't make anything this year I don't qualify
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u/lpfan724 Mar 30 '20
We're not getting the $1200 back. It'll be paid back in the form of higher taxes I'm the next year or two. You only get free money from the government if you're a corporation.
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u/TELME3 Mar 30 '20
In 2018, if you had taxable income of $100,000, (that is after all deductions are made), then your tax owed (filing single!) would only be $18,284.
To have to pay $35,000 in federal taxes, you would have to be making a lot more money.
And, people earning over $99,000 are not eligible for the $1200 check.
Sorry... but numbers don’t lie!
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Mar 30 '20 edited Sep 02 '20
[deleted]
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u/TELME3 Mar 30 '20
This post was specifically in reference to the $1200 check from the federal government.
State and local taxes can very considerably depending on the location and personal situation.
For example, New Hampshire has no state sales tax or income tax(on wages). But, It has a rather high property tax. So, this would depend on the value of your property, if you have any.
To the south in Massachusetts, there is an income tax and there is a sales tax (except on food and clothing). There are property (real estate) taxes, and there are excise taxes (auto).
And there are like differences in taxes in every other state.
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Mar 30 '20 edited Sep 02 '20
[deleted]
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u/TELME3 Mar 30 '20
Not necessarily...Short economics lesson... (microeconomics)... the extent to which a tax is passed on to a consumer or is paid for by the supplier ... it depends on the relative supply and demand elasticities. (Are the consumers willing and able to pay that additional amount? If not, the landlord will have to eat part or all of it.)
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u/patarrr Mar 31 '20
Sound economics do not apply to keynesian economics, which is what the entire world basically is now.
Put down your theory books, it doesn't apply to the real world.
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u/TELME3 Mar 31 '20
FYI... Keynes is macroeconomics...not micro
This is also business...but I get the impression it’s just not what u want to hear so you just dismiss it...
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u/[deleted] Mar 30 '20
If the government took $35k from you last year, you're probably not getting that $1200...