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Re: Anyone familiar with the Senate Relief Bill?
[Re: jawbone]
#3080761
03/26/20 02:41 PM
03/26/20 02:41 PM
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Joined: Nov 2011
Posts: 11,109
abolt300
Booner
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Booner
Joined: Nov 2011
Posts: 11,109
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I think it is going to be limited and paid based on individual filers of income tax returns in 2018. No 2018 return, no check, based on what I have seen. And Matt's right, whole bunch of people are not going to get checks or will get greatly reduced checks due to making too much money. Especially those that own a small business/LLC and are forced to run that income through their individual returns. 2018 was a good year for most small businesses with the surging stock market, high consumer confidence, and low mortgage rates. Lots of inflated 1040 returns as business income flowed through to a bunch of small business owner's personal returns. As usual, lots of people that actually employ people and help drive the economy will end up not getting a dime, while the porch sitters and baby makers get a bonus check.
Last edited by abolt300; 03/26/20 02:52 PM.
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