What I think it says is if your income tax liability is less than $1200 you only get to claim that, otherwise you get to claim $1200. I think it means if they send you money and you would have had to pay in less than $1200 you basically pay the difference back at tax time. So if I only paid $500 in income next year, I'll have to pay $700 of that $1200 back on my taxes.



Didn't see this post lol. Yes, that's pretty much exactly what it means.

This post was edited by Thor123422 on Mar 24 2020 04:50pm

Well, it didn't say anything about the 2021 tax year, which is the 2021 calendar year as well. They said "there shall be allowed as a credit against the tax imposed by subtitle A for the first taxable year beginning in 2020," so when we file 2020 taxes in April 2021, is how I read that. I don't see how a rebate then helps us now, unless they mean to make the rebate now a portion of our tax burden come reconciliation time.

It's mission accomplished all over again.

Honestly i would, i means REALLY HONESTLY, never believe that Trump said "we are near the end of our historic battle".


/But well ....

This post was edited by Saucisson6000 on Mar 24 2020 05:00pm

I'm equally "not ok" with the fact that both sides are doing that.

http://forums.d2jsp.org/topic.php?t=82599638&f=119&p=556045536
http://forums.d2jsp.org/topic.php?t=82599638&f=119&p=556047606

The point of just about every post I've made in this thread has been in support of my main idea: It's bad that both sides are still prioritizing their political rivalry at the expense of making the best decisions to deal with the outbreak.

It's merely the latest (and most potent) expression of a systematic problem that has been going on for generations. The systematic problem is broader. It is something that it is our responsibility as citizens to address so that we can live in a country that is better equipped to handle future problems (where it be can outbreak or anything else).

This post was edited by Kayeto on Mar 24 2020 05:29pm

https://covidtracking.com/us-daily/



Still hardly any tests, and according to the site, some states are not reporting negatives anymore.

Updates at 4 pm every day.

No excuses cambo, just following the recommendations of the experts. But please go out, socialize, see the fam.




Were you for bailing out the auto industry when they were going under? Or is this government hand out different?

This post was edited by Skinned on Mar 24 2020 05:39pm

Oof indeed.




It is indeed a big question mark to me why neither the Obama administration nor the Trump administration have cared about the national strategic reserve...
Normally, the Obama admin was on top of things when it comes to issues of disaster preparedness.

Quick comment on the airline bailouts: airlines have huge running costs relative to their revenue, and the business is really cutthroat with tiny margins. You just cant compare airlines with software companies like Nintendo. Even without the stock buybacks, the airlines couldnt weather a situation like this for much longer. They could perhaps hang in there for 2 additional months, but considering the fact that airlines will be heavily affected for at least a year (while restaurants might open up again during summer if things go well), the airlines would have to be bailed out either way, irrespective from the stock buybacks.

I am, however, totally in favor of super strict regulations for companies which get bailed out by the government: strict caps on C-suite compensation, no dividends, strict standards for the preservation of jobs; and the government has to get stock from these companies in exchange for the government loans.

This post was edited by Black XistenZ on Mar 24 2020 06:09pm