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What about the folks that are retired and receiving SS but also have income producing investments and were using that income to support themselves beyond the SS and or supporting a particular level of care?
I should I say HAD income producing investments...
Thoughts or info?
EDIT: For instance - my son has no income and doesn’t file yearly taxes. However, he does have an Irrevocable Trust that does file a tax return and in fact - pays both federal and state taxes every year and has paid every year for the past 20+ years.
All of the plans are committed to not making “winners” or “losers” as in past stimulus or economic rebates. But they haven’t chosen which of the options will be approved.
"Most American adults would get checks of up to $1,200, plus $500 for every child. But people who made more than $99,000 in 2018 would get zilch, as well as couples who file joint tax returns and make a total of more than $198,000 a year."
It's not very clear, does it mean every single adult working or not?
Thus, young doctors on the front lines of this virus who make above $99k but still have large student debt, will get nada.... [sigh].
more than $100k a year and they will get nada. I don’t think it’s fair.