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Democrats balk at $1,200 rebate checks in stimulus plan
People who pay little to nothing in income taxes but earned at least $2,500 would get a minimum rebate of $600.
Each "check" amounts to ~ 10% advance of total standard deduction from taxable income, ergo min refund of tax withheld 2019; joint and head of household filers less % than individuals. In any event, unemployment insurance (UI) benefit payments are taxed as earned income, as is the custom.

< yawn >

To conclude, 2/3 of social media policy poseurs were in elementary school (2001), 1/3 in middle-school (2009). The "poors" treading US informal economy can expect zip, zero, nada, 0 windfall.

by Cat on Sat Mar 21st, 2020 at 02:24:24 AM EST
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