Economic Stimulus Plan
The White House and congressional leaders are working on a stimulus plan aimed at heading off a likely recession. Follow progress and news about the economic situation in the US.
Economic Stimulus Check Instructions
This economic stimulus package just kills me.
Not only are they basically giving away $600 to everyone with a pulse who makes less than $75,000 a year, the package includes some wonderful other instructions:
- Social Security Benefits count towards the $3,000 AGI limit to receive the check. Sooooo, the government sends you money based on how much money they’ve given you. The more the better.
- They’ve actually created a stimulus package calculator to help you determine whether you get $300 or $600. There’s only 3 possibilities!!
- You Make over 75k AGI (150k Joint) - $300
- You paid a single dollar in taxes but were under the $75k cap - $600
- You paid NO taxes AND had less than $3,000 in income.
- Have More Babies. Each little kiddo you have will net you a sweet $300 check. Oh joy, universal welfare here we come.
Doesn’t anyone else think its a problem that we are effectively taxing all the people who make more than $75k a year in a ‘wealth distribution’ scheme like this?
I do.
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