Stimulus Checks

[TiltonBB]

Sometime this year, we taxpayers will likely receive a economic stimulus check from the government.

It is indeed a very exciting program and I’ll attempt to explain it by using a Q&A format:

Q: What is an Economic Stimulus?
A: It is money that the federal government will send to taxpayers.

Q: Where will the government get this money that they are sending to the taxpayers?
A: From the taxpayers.

Q: Is the government simply giving me back my own money then?
A: No, only a smidgen of it.

Q: What is the purpose of this payment?
A: The plan is for you to use the money to purchase a high definition tv
television set, a new iPad or a new SUV, thus stimulating the economy.

Q: Isn’t that stimulating the economy of China?
A: Shut up.

Below is some helpful advice on how to best help the U.S. economy with your stimulus check. Use it wisely.

* If you spend the stimulus money at Walmart, the money will go to China or Sri Lanka.

* If you purchase a computer, the money goes to India, Taiwan or China.

* If you purchase fruits and vegetables it will go to Mexico, Honduras or
Guatemala.

* If you buy a fuel efficient car the money will go to Japan or Korea.

* If you purchase useless stuff, it goes to Taiwan.

Instead, keep the money in America by”
(1) Spending it at a yard sale, or
(2) Going to a ballgame, or
(3) Spending it on prostitutes, or
(4) Buying beer, or
(5) Buying a tattoo

These are the only American businesses still operating in the U.S.

CONCLUSION:
Go to a ballgame with a tattooed prostitute that you met at a yard sale and drink beer all day.

No need to thank me - I’m just glad I could be of help.

[garysanfran]

I think we have a lot in common TiltonBB...

[Sue Doe-Nym]

Originally Posted by Top-Water

Question:

Where does most of the money go if you purchase a new jet ski?

Chuck daSilva in Moultonborough! 😂

[thinkxingu]

Originally Posted by Sue Doe-Nym

Chuck daSilva in Moultonborough!

And Sea-Doo and Yacht Club and Smith and Airhead and SeaChoice and...

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[Sue Doe-Nym]

Originally Posted by Top-Water

Most not some

I was trying to make a funny...😂🤓😄🙄

[JEEPONLY]

Originally Posted by Sue Doe-Nym

I was trying to make a funny...😂🤓😄🙄

But Top-Water was being even funnier in post #3!

Toppy- It was a beautiful thing!

[ishoot308]

Where’s the check!!

[pondguy]

"One of these days Nancy, POW to the moon"

[fatlazyless]

Jackie Gleason, 1916-1987, known as the 'The Great One' ...... for an interesting biography on Jackie Gleason, suggest you go to Wikipedia and read the section on his early life .......

"Jackie Gleason was a staunch supporter of the Republican Party and eventually became good friends with Richard Nixon. Gleason and Nixon would golf together."

[SAMIAM]

Originally Posted by pondguy

"One of these days Nancy, POW to the moon"

Actually......I remember as being "bang, zoom" for the trip to the moon

[Hillcountry]

Originally Posted by ishoot308

Where’s the check!!

So funny and so true! That was a great show back in the day!

[Flylady]

Yesterday in the daily Covid 19 update Mike Pence said the stimulus checks are on targeted to go out as promised beginning next Friday (April 17th).

Ummm. replay back to March the checks would begin going out from IRS on April 9th!

The SBA gov site for loan requirements was updated everyday since last Friday as they inserted verification requirements daily. The updates went into Tuesday. Banks finally began releasing money for PPP on Wednesday.

[FlyingScot]

Originally Posted by ishoot308

Where’s the check!!

So you're blaming the speaker for the Treasury's slow distribution of checks from a program that only a Democrat could love?

Seriously, I do not understand how any self-respecting Republican could like the idea of checks being mailed to every American with no hint of how to pay for them.

[ishoot308]

Originally Posted by FlyingScot

So you're blaming the speaker for the Treasury's slow distribution of checks from a program that only a Democrat could love?

Seriously, I do not understand how any self-respecting Republican could like the idea of checks being mailed to every American with no hint of how to pay for them.

Hey Einstein,

You see the two smiley faces in my post and the word “humor” in the topic? Didn’t think so...

Take a chill will ya!

Dan

[FlyingScot]

Originally Posted by ishoot308

Hey Einstein,

You see the two smiley faces in my post and the word “humor” in the topic? Didn’t think so...

Take a chill will ya!

Dan

Please forgive--I have soft spots for both Nancy and Jackie. So I probably do need to chill.

To the Moon, Alice...to the MOON!

[Mr. V]

To the Moon, Alice...to the MOON!

As a child I used to chuckle when Ralph yelled this to Alice on "The Honeymooners," but with the passage of time I no longer think it's funny to threaten to strike a woman.

How things change: why did we ever think threatening someone with domestic violence was humorous?

[Water Camper]

Went out to the IRS.gov site to check on status of our checks using the 'Get My Payment' link. Was not able to get a status.

I am on Social Security and receive a monthly direct deposit, Sue is still working. We have not filed our 2019 Taxes and did not receive a refund last year, 2018.

Looking for a place to verify they have our correct/current info. Any suggestions. ?

Thanks,
Bill
Water Camper

[fatlazyless]

Hey ...... I'm 68 and recently, like three days ago, got my $600 gov pay-out into my MVSB account that also receives my monthly social security pay-outs.

Went to Walmart and bought a large yellow Forsythia shrub, and a Roger Federer tennis ball carrier/picker-upper, holds 75 tennis balls, reg price $19.95 reduced to $11.00 as a slow seller or something ........ to make my tennis game ...... GREAT AGAIN ...... is suffering from too much pickleball!

[JEEPONLY]

Originally Posted by fatlazyless

Hey ...... I'm 68 and recently, like three days ago, got my $600 gov pay-out into my MVSB account that also receives my monthly social security pay-outs.

I thought it was supposed to be $1200.
Is your check discounted through The Bank of Walmart?

[AB_Monterey]

Yeah, no it's not your money.

You money was spent a long time ago.

This is fresh off a printing press and it's a big fay IOU that you and your kids, and your grandkids will have to pay someday.

But hey, that doesn't play as well, does it?

[TiltonBB]

Here is your stimulus check.

[Slickcraft]

Schedule for payments:

https://www.fool.com/investing/2020/...lus-check.aspx

[Biggd]

Originally Posted by TiltonBB

Here is your stimulus check.

He's giving away more money than any President ever did. If it doesn't get the economy back on track we'll be in big trouble.

[FlyingScot]

Originally Posted by Mr. V

As a child I used to chuckle when Ralph yelled this to Alice on "The Honeymooners," but with the passage of time I no longer think it's funny to threaten to strike a woman.

How things change: why did we ever think threatening someone with domestic violence was humorous?

Yes, I thought about that soon after I hit send. There is nothing funny about domestic violence. Three reflections/reasons I did not delete:

First, I remember Ralph as a loving husband who never harmed Alice in any way. She never believed him when he said "to the moon", I'm pretty sure she smirked. He also said stuff like "I'm king, you're nothing", during episodes when it was crystal clear than she was the queen, and he the court jester.

Second, lots of great art is full of contradiction and tension. Tony Soprano is a loving family man, Walter White a bookworm. Springsteen's "Born in the USA" pairs patriotic uplifting music with a harsh indictment of the USA's mistakes. It is Ralph's bluster paired with his love inside the home and ineptitude outside that makes the show.

Third, it's been a long time, memory is a funny thing. I will try to watch again, and I will take down my salute if I come to agree with your point.

[swnoel]

My son told me this weekend he got his...

Got mine today!!

[Skip]

Originally Posted by swnoel

My son told me this weekend he got his...

Got mine today!!

My son got his today.

This morning the IRS finally activated the stimulus portal to check on your refund status. I found when I logged in they didn't have my bank info.

If you go to https://www.irs.gov/refunds and register you can find the status of your refund, or enter your direct deposit information if necessary....

Only took about five minutes to do.

[Mr. V]

Originally Posted by FlyingScot

Third, it's been a long time, memory is a funny thing. I will try to watch again, and I will take down my salute if I come to agree with your point.

Frankly I find that it is still somewhat "funny," even in this day and age, which begs the question: why did, and why would, enlightened people think threats of DV are "funny?"

I don't fault you for posting, nor do I fault you or I for laughing: I merely wonder why we thought and still think it is "funny?"

I have a client who just had his wife jailed on a threat she made to shoot him: she's charged with a felony.

Some time ago a woman said she was moving out that coming weekend: while moving out her husband shot her, her lady friend who was helping her move, and himself.

That's reality, and it's no laughing matter.

[Hillcountry]

Originally Posted by Mr. V

As a child I used to chuckle when Ralph yelled this to Alice on "The Honeymooners," but with the passage of time I no longer think it's funny to threaten to strike a woman.

How things change: why did we ever think threatening someone with domestic violence was humorous?

Gimme a break...it was called COMEDY before freakin’ political correctness. Come on people...:

That said, in keeping with the thread title, my daughter received her stimulus today.
$1200 for her and $500 for my granddaughter.
I have been trying to access my bank to check on the status but their websites are probably overloaded and I can’t get in to my account.

[gravy boat]

Our oldest received hers yesterday.

[gillygirl]

Originally Posted by Hillcountry

Gimme a break...it was called COMEDY before freakin’ political correctness. Come on people...:

That said, in keeping with the thread title, my daughter received her stimulus today.
$1200 for her and $500 for my granddaughter.
I have been trying to access my bank to check on the status but their websites are probably overloaded and I can’t get in to my account.

Glad you’re not a victim of a spouse who treated you in an abusive manner. As someone who was subject to so much gaslighting by a spouse who gave me the ultimate FU by committing suicide and leaving a note saying I pushed him over the edge, I am not so cavalier about this type of stuff.


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[Susie Cougar]

gillygirl, that must have been terrible for you to have to go through all of that.
You didn’t deserve that.

[FlyingScot]

Hi gillygirl. I'm also sorry to hear this, and doubly sorry that my post reminded you of a terrible time.

[gillygirl]

Originally Posted by FlyingScot

Hi gillygirl. I'm also sorry to hear this, and doubly sorry that my post reminded you of a terrible time.

Thank you. Your post didn’t really bring it up, more so the posts dismissing concerns about how it flies in this day and age.


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[Bizer]

I own three vehicles: A Volkswagen Passat, a Honda Accord, and a Dodge Caravan. Only one of them was made in a foreign country, the Dodge Caravan.

[gillygirl]

Originally Posted by Susie Cougar

gillygirl, that must have been terrible for you to have to go through all of that.

You didn’t deserve that.

Thank you. I’m doing better now.


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[TiltonBB]

Originally Posted by Top-Water

Question:

Where does most of the money go if you purchase a new jet ski?

So far it seems like it has been spent on internet service!

Originally Posted by garysanfran

I think we have a lot in common TiltonBB...

SanFrancisco? Maybe, maybe not.

[BroadHopper]

I choose to give to local charities where it will do the most good!
While I do support local businesses but I am aware of where the product I buy is made. Please support American businesses and local charities.

[pressman247]

Has anybody here on the forum received a stimulus check yet? They said direct deposits would start on 4-6-20 but today is the 9th and I have yet to hear of anybody getting one.

Likewise, SBA advances were supposed to start on 4-3-20 but I have not heard of anybody getting any of those promised funds either.

Sort of reminds me of the link below.

https://www.youtube.com/watch?v=JHiqGqoIGII

[Susie Cougar]

I heard that they were supposed to start sending checks the week of April 13, and should be finished with those people who have filed with direct deposit by April 24. Then they will start sending out checks to those who do not have direct deposit.

[The Real BigGuy]

Unfortunately, some pundits have suggested that the las paper checks won’t go out until August because of the slow, outdated process. That will be too late for most of the people who really need it.


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[thinkxingu]

A friend of mine got a $600 check today. Edit: it appears that was an unemployment benefit, not stimulus check.

I have not received my jetski accessory/gas, eating out...I mean stimulus check yet...

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[fatlazyless]

Originally Posted by thinkxingu

A friend of mine got a $600 check today.

I have not received my jetski accessory/gas, eating out...I mean stimulus check yet...

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www.ekalactivitycenter.com had quite a few stand up paddle boards and kayaks from their rentals, priced to sell at low, low, low prices ..... last October ..... and probably still has many left.

[SAMIAM]

The PPP provision in the C.A.R.E. act would be a huge help to small business' but its first come first served until the money runs out.
Money will be forgiven that is used for payroll, utilities,rent and interest on mortgages which would be a huge help, especially
to restaurants
Understandably,there was a huge run on the banks nationwide on friday when the applications were first accepted but there were some obstacles.
We got ours in at 10a.m. on friday thinking it was good to get in early.At 3pm my bank contacted me to let me know that SBA wanted payroll records since the amount of the loan is based on payroll.Had to scramble to get that done, since we use a payroll service but called them and they helped out.
At 7 pm we were notified by my bank that SBA now wants tax returns.We paid in May and had them on file so we rushed back to the office and got them right in.
We read every page of the C.A.R.E Act and no mention was made of needing these records or we would have had them ready when we first applied.
My point is that I believe this probably happened to nearly everyone that applied so there probably will be a delay in distributing the money.
It's understandable that they are overwhelmed
Loan officers at MVSB worked through the night to help process loans for their customers....best Bank in NH

[bt99]

Originally Posted by SAMIAM

The PPP provision in the C.A.R.E. act would be a huge help to small business' but its first come first served until the money runs out.
Money will be forgiven that is used for payroll, utilities,rent and interest on mortgages which would be a huge help, especially
to restaurants
Understandably,there was a huge run on the banks nationwide on friday when the applications were first accepted but there were some obstacles.
We got ours in at 10a.m. on friday thinking it was good to get in early.At 3pm my bank contacted me to let me know that SBA wanted payroll records since the amount of the loan is based on payroll.Had to scramble to get that done, since we use a payroll service but called them and they helped out.
At 7 pm we were notified by my bank that SBA now wants tax returns.We paid in May and had them on file so we rushed back to the office and got them right in.
We read every page of the C.A.R.E Act and no mention was made of needing these records or we would have had them ready when we first applied.
My point is that I believe this probably happened to nearly everyone that applied so there probably will be a delay in distributing the money.
It's understandable that they are overwhelmed
Loan officers at MVSB worked through the night to help process loans for their customers....best Bank in NH

Went through something similar with our local bank, thought we had all the correct forms filled out, all the necessary backup information, but then the bank asked for the latest copy of our bank statement. Yes, the latest statement from them, the same bank we've been dealing with for 20+ years, that holds the mortgage to our building.

Come to find out,we were the first PPP loan they were processing, so they were a little lost themselves. Happy to report we were fully funded this morning.

[thinkxingu]

We just got our stimulus check—you know how much jetski stuff and hats I can buy now?! Cha-CHING!

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[Sue Doe-Nym]

Originally Posted by thinkxingu

We just got our stimulus check—you know how much jetski stuff and hats I can buy now?! Cha-CHING!

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Not to put a damper on all the fun stuff people can do with their stimulus checks, but it’s disturbing to me that the people who really NEED the money haven’t received it yet! The lines of people lined up at food banks across the country just blew our minds...thousands of people needing help and food for their families. It also blew what was left of our minds that people seem not to save a dime for hard times.

[thinkxingu]

Originally Posted by Sue Doe-Nym

Not to put a damper on all the fun stuff people can do with their stimulus checks, but it’s disturbing to me that the people who really NEED the money haven’t received it yet! The lines of people lined up at food banks across the country just blew our minds...thousands of people needing help and food for their families. It also blew what was left of our minds that people seem not to save a dime for hard times.

Absolutely. Part of my comment is sarcastic because we don't really need it—I'll be doing what I think is important, though, and putting it back into the economy (the ski and gear was paid cash last month with inheritance money, given us a bit of extra spending coin).

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[Sue Doe-Nym]

Originally Posted by thinkxingu

Absolutely. Part of my comment is sarcastic because we don't really need it—I'll be doing what I think is important, though, and putting it back into the economy (the ski and gear was paid cash last month with inheritance money, given us a bit of extra spending coin).

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P.S.
I should have made it clear that my comments were not intended as a criticism directed at you. The system has kinks in it. 😎

[thinkxingu]

Originally Posted by Sue Doe-Nym

P.S.
I should have made it clear that my comments were not intended as a criticism directed at you. The system has kinks in it.

No worries—I agree with you that it's imperfect.

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[Wifi-1]

Originally Posted by Sue Doe-Nym

..... It also blew what was left of our minds that people seem not to save a dime for hard times.

How absolutely true. Putting away for a rainy day or the idea of a pantry, seems to have vanished to all but a few. Guarantee if I run of of ketchup, TP, pasta, (fill in the blank), I have one tucked away somewhere, (no, deli items don't count, lol) and my house is smaller than most peoples living rooms.

Some people call it planning....

[Music Man]

Originally Posted by Wifi-1

How absolutely true. Putting away for a rainy day or the idea of a pantry, seems to have vanished to all but a few. Guarantee if I run of of ketchup, TP, pasta, (fill in the blank), I have one tucked away somewhere, (no, deli items don't count, lol) and my house is smaller than most peoples living rooms.

Some people call it planning....

If nothing else, this crisis has highlighted the debt problem across the country. Federal debt is now well over $20 trillion. State and municipal governments almost equal that amount. And personal debt again approaches that amount. The past several decades seem to have a "spend all you want, we'll print more" attitude. Which is great, until hyper-inflation kicks in.


Anyway, if you're still looking for areas to spend your stimulus check (just heard from my credit union that ours will be in our account 4/15), try a local musician, especially one who uses American-made instruments...

[Outdoorsman]

I received a letter in the mail today from the Dept of the Treasury letting me know that my stimulus check was sent out (I received the Direct Deposit payment last week). There is a web site and phone number at the bottom that may help anyone looking for more info.

This is for info only. I am not looking to be targeted for the signature on the bottom of the letter.

[WinnisquamZ]

It requires the company to report back to the state that the employee refuses to comeback. Not a way to build employee/employer relations


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[Sue Doe-Nym]

Originally Posted by WinnisquamZ

It requires the company to report back to the state that the employee refuses to comeback. Not a way to build employee/employer relations


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Someone knowledgeable probably has an intelligent response, but I have wondered what geniuses thought this would be a workable solution to the unemployment problem (juicing it up with a $600 bonus). Terrible idea, IMO.

[ApS]

They were thinking, "Hey, it's not our money".

[VitaBene]

Originally Posted by Sue Doe-Nym

Someone knowledgeable probably has an intelligent response, but I have wondered what geniuses thought this would be a workable solution to the unemployment problem (juicing it up with a $600 bonus). Terrible idea, IMO.

The misguided thought process was that unemployment alone would not be enough to keep the economy moving and keep people fed. Because of the short time they had to pass the bill they came up with that $600 extra as opposed to creating a formulation approach.

[Paugus Bay Resident]

Short term (quick or impulsive) solutions often have longer term consequences

[tis]

Anything the government does becomes a big mess. It is too big to do anything right. Too many cooks and all----

[Hillcountry]

Originally Posted by Sue Doe-Nym

Someone knowledgeable probably has an intelligent response, but I have wondered what geniuses thought this would be a workable solution to the unemployment problem (juicing it up with a $600 bonus). Terrible idea, IMO.

My daughter, a hair dresser, lost her employment when they closed the salon at the beginning of this fiasco. Single mom with my 4 yr old granddaughter and a mortgage. She immediately applied for unemployment and when they calculated her benefit it came to $72/week. Their calculation formula, as the state law mandates, did not include her last (so many, months, not sure) of her income and she appealed that most of her “better” income had come in that “omitted” time period. They would not adjust anything and her benefit was to be $72.
Then they came out with the $600 deal and that lifted her spirits a bit.
She has since received the stimulus money for her and her daughter but has yet to see any unemployment benefit. (As of last week when I asked her)
Many will take advantage of that $600 and will not want to work but that is not the case with my daughter.

[FlyingScot]

Originally Posted by Hillcountry

My daughter, a hair dresser, lost her employment when they closed the salon at the beginning of this fiasco. Single mom with my 4 yr old granddaughter and a mortgage. She immediately applied for unemployment and when they calculated her benefit it came to $72/week. Their calculation formula, as the state law mandates, did not include her last (so many, months, not sure) of her income and she appealed that most of her “better” income had come in that “omitted” time period. They would not adjust anything and her benefit was to be $72.
Then they came out with the $600 deal and that lifted her spirits a bit.
She has since received the stimulus money for her and her daughter but has yet to see any unemployment benefit. (As of last week when I asked her)
Many will take advantage of that $600 and will not want to work but that is not the case with my daughter.

A great illustration of how so many getting the $600 bump are often shorted in other ways. Plus, as I'm sure she's calculated, she's in big trouble if the stimulus runs out before the economy is back to full steam. As my hair stylist pointed out to me in 2008--when everybody changes from a haircut every 4 weeks to a haircut every 5 weeks, her already modest income drops by 20%.

The good news here for the rest of us--your daughter will likely spend every penny of the $600. This is not true of the $1200 recipients, many of whom will save some or all of the cash. Nothing wrong with that, but it will not stimulate the economy.

Give her a hug from the rest of us

[Sue Doe-Nym]

Originally Posted by Hillcountry

My daughter, a hair dresser, lost her employment when they closed the salon at the beginning of this fiasco. Single mom with my 4 yr old granddaughter and a mortgage. She immediately applied for unemployment and when they calculated her benefit it came to $72/week. Their calculation formula, as the state law mandates, did not include her last (so many, months, not sure) of her income and she appealed that most of her “better” income had come in that “omitted” time period. They would not adjust anything and her benefit was to be $72.
Then they came out with the $600 deal and that lifted her spirits a bit.
She has since received the stimulus money for her and her daughter but has yet to see any unemployment benefit. (As of last week when I asked her)
Many will take advantage of that $600 and will not want to work but that is
not the case with my daughter.

Your daughter’s case illustrates the fact that “one size doesn’t fit all”, and for those who need the extra to make ends meet, that’s fine. However, there are always some who unfortunately “game the system “. There’s got to be a better way......

[TiltonBB]

No accusation here and no knowledge of this situation: But many people in jobs that rely heavily on tips do not report ALL of their income for tax purposes. (There's a surprise!)

That may save when it comes to paying taxes but doesn't help when something like a stimulus check is based on the income reported on the tax return. That is an example of "gaming the system" that didn't work out.

Again, I do not know what applies in this situation.

[Hillcountry]

Originally Posted by TiltonBB

No accusation here and no knowledge of this situation: But many people in jobs that rely heavily on tips do not report ALL of their income for tax purposes. (There's a surprise!)

That may save when it comes to paying taxes but doesn't help when something like a stimulus check is based on the income reported on the tax return. That is an example of "gaming the system" that didn't work out.

Again, I do not know what applies in this situation.

Absolutely! I do believe tips are a huge part of income in many professions.
I usually give my dog groomer$20-$25 for a $45 grooming...I have heard over the years that women tip generously for salon work as well. I always tip waitresses well more than 20%. I don’t know what my daughters tip “income” was but I agree with your comments.

[ApS]

.

Originally Posted by WinnisquamZ

It requires the company to report back to the state that the employee refuses to come back. Not a way to build employee/employer relations.

370 employees at Missouri pork plant tested positive for Wuhan virus. All were asymptomatic.

https://www.thegatewaypundit.com/202...-asymptomatic/

[Biggd]

Originally Posted by ApS

.

370 employees at Missouri pork plant tested positive for Wuhan virus. All were asymptomatic.

https://www.thegatewaypundit.com/202...-asymptomatic/

Why do you just litter these threads with news feeds we can all read elsewhere online? Don't you have any original thoughts of your own that you would like to share?

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[ApS]

Originally Posted by Biggd

Why do you just litter these threads with news feeds we can all read elsewhere online? Don't you have any original thoughts of your own that you would like to share?

If you read up-thread, the US food supply is becoming increasingly imperiled.

I wish I could say it's an original thought, but this virus could fundamentally alter this country's future and put China ascendant.

China's influence has already crept into the US media, and is increasingly funding and inserting media correspondents. Note the reluctance to mention China and coronavirus in the same news story.

Corruption by China has even reached Congress!

Congress' corruption may lead to November's mail-in ballots, affecting mostly "swing states" and their electoral votes.

https://dbdailyupdate.com/index.php/...se-government/

[Biggd]

Originally Posted by ApS

If you read up-thread, the US food supply is becoming increasingly imperiled.

I wish I could say it's an original thought, but this virus could fundamentally alter this country's future and put China ascendant.

China's influence has already crept into the US media, and is increasingly funding and inserting media correspondents. Note the reluctance to mention China and coronavirus in the same news story.

Corruption by China has even reached Congress!

Congress' corruption may lead to November's mail-in ballots, affecting mostly "swing states" and their electoral votes.

https://dbdailyupdate.com/index.php/...se-government/

Wrong answer! It should have been, "because I have I have nothing better to do".