The Soapbox

Beerman

Joined: 08/14/1998 Posts: 9560
Likes: 13100


That's the second part of how this has been poorly implemented


Please, local tax guys, correct me if I'm wrong here but...

...isn't all this free money just an advance on a person's tax refund for tax year 2020? People that don't end up needing the cash (because they earned >$75/$99K in 2020) will have to end up paying it back to the IRS, and people who really DID need it but earned too much in 2019 to qualify will get a larger refund this coming April.

This is going to end up biting a LOT of people squarely in the ass, when they end up owing back $2000 to the IRS in four months and haven't planned for it.

(In response to this post by Late 80s Hokie)

Posted: 12/28/2020 at 1:36PM



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Current Thread:
 
  
Honest question for the conservatives ... -- Blah 12/28/2020 12:47PM
  I’m no conservative, but I’m with Abe on this one -- WahooMatt05 12/28/2020 4:43PM
  Good question -- three responses:... -- Los Angeles Hoo 12/28/2020 3:53PM
  On #1 -- Beerman 12/28/2020 5:41PM
  I agree with part of your second point. -- Newt 12/28/2020 4:22PM
  Thanks -- appreciate the post. ** -- Los Angeles Hoo 12/28/2020 5:14PM
  No, I think you're right... -- Los Angeles Hoo 12/28/2020 5:30PM
  I pointed out the... -- Los Angeles Hoo 12/28/2020 5:10PM
  I'm a John Kerry flip flopper on it, tbh. -- HAZER 12/28/2020 2:36PM
  I'm in this boat as well -- CMUHoo 12/28/2020 3:17PM
  True. Same holds true re: aid to states and cities that so -- hoolstoptheheels 12/28/2020 2:00PM
  Doesn’t the payout, whether $2k or $600, only go to -- hoolstoptheheels 12/28/2020 1:15PM
  I would be in favor of that -- Beerman 12/28/2020 1:51PM
  I got no problem lowering it, just make it fair. ** -- Cold Hoober Hoo 12/28/2020 1:53PM
  Because GovCo ... ** -- WaxHoo 12/28/2020 1:43PM
  Perhaps -- Beerman 12/28/2020 1:53PM
  Nope, it does not. ** -- hoolstoptheheels 12/28/2020 1:25PM
  Yep ** -- HAZER 12/28/2020 2:12PM
  I don't understand it, except as populism -- Joey Wahoo 12/28/2020 1:00PM

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