(03-28-2020, 10:27 AM)Caldrac Wrote:

(03-25-2020, 05:22 PM)jagibelieve Wrote: Allegedly every adult within certain parameters (income of $75,000 per year for individuals and $150,000 for married couples) is going to receive a payment of $1200 per person.  I assume that many of our users here probably fall within the parameters of the condition myself included.

My question is, what do you plan to use that money for?

For me it would pretty much pay our income tax bill that we usually pay every year ($2400.00 is around the average that I have to pay above what the government takes from our income every year).  If it was up to me I would tell the government to keep it and lower my tax bill.

I do realize that some people are probably laid off right now or told not to report to work so their income stream is shut off.  I can understand how that money would help them out.  I am fortunate enough that I'm able to work from home for the most part (I am under quarantine at the moment).  My normal income is not affected by this, but I know that there are countless others not so fortunate.

I'm just curious to see how others would use the money.

My wife is out of a job now. Our son is due any minute now in April. We plan on saving it to pay off her car and for her to finish her real estate exam once schools are back up and running. 

I work in the essential field thankfully. So we'll manage for the most part. My concern is the grand scheme of things with this bill being passed. 

How much will it really help the average household between the average cost of living? And what is this going to cost us all down the road? 

The federal reserve never lends money out without expecting it back some how, some way. Trying not to be cycnical. But I just worry we're throwing money at a problem now with little to no results pending.

Only to essentially kick the can down the road for taxpayers to stress over in due time.