The Stimulus Scam and what I am doing with the money (Building the wall).

Posted by zenos2050 3 years, 11 months ago to Economics

SOURCE URL: https://www.truthorfiction.com/is-a-1200-coronavirus-stimulus-an-advance-on-2020s-tax-credit-or-a-loan-you-have-to-pay-back-in-2021/

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Posted by Abaco 3 years, 11 months ago

I have had a long day and couldn't get through that article... What the hell is it?

Well....I tell my buddies, "It was my money to start with." They all agree. Most of mine went into my brokerage account where my wife can't blow it. Haha...

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  Posted by zenos2050 3 years, 11 months ago
  
  The stimulus is an advance on your 2020 tax refund. So, if your refund is less than $1,200 (this assumes that is the amount you received) you will be owing the government money. Knowing that, I prefer to choose where the money goes. I was going to use my refund to do the same thing anyway so...
  
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    Posted by Abaco 3 years, 10 months ago
    
    I have two kids under 16. So I got $3400. That's a pretty fat check.
    
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    Posted by CBJ 3 years, 10 months ago
    
    No, the stimulus is not an advance on your 2020 tax refund. See question 31: https://www.irs.gov/coronavirus/econo...
    
    "No, the Payment is not includible in your gross income. Therefore, you will not include the Payment in your taxable income on your Federal income tax return or pay income tax on your Payment. It will not reduce your refund or increase the amount you owe when you file your 2020 Federal income tax return."
    
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Posted by zenos2050 3 years, 11 months ago

I know that the Stimulus is simply an advance on my 2020 tax refund but I am still putting it to use on something that is important. They are stealing the money in the first place in the form of taxes so why not make that money go somewhere I want it to go instead of somewhere I don't.

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  Posted by CBJ 3 years, 10 months ago
  
  The stimulus is not an advance on your 2020 tax refund. See Question 31: https://www.irs.gov/coronavirus/econo...
  
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  Posted by allosaur 3 years, 10 months ago
  
  Me dino put my $1,200 check of MY MONEY into a savings account. I have a tidy sum of inherited money anyway, which is why Big Brother stole just over $2,000 of MY MONEY from me last year.
  If Brother has to steal from me, why not do it with a sales tax to save us all a whole lot of time and bother?
  Oh, yeah, the IRS could not bully people anymore and be weaponized by the next crooked Obamanable King Barry.
  By the way, zenos, welcome to The Gulch.
  
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Posted by jbrenner 3 years, 10 months ago

I got what seemed like a debit card in the mail and asked myself, "What the hell is this?".

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The Stimulus Scam and what I am doing with the money (Building the wall).

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