What Will You Spend Your $1,000 Stimulus On?

[Clonehomer]

78 replies and no one has said toilet paper?

If you haven't already got that, you're spending that entire stimulus on one package.

 

[ManBearClone]

Doesn't matter what legislation reads today....the coffers have to get refilled at some point. This won't be free money.

Yeah it will trickle back up at some point.

 

[Clonehomer]

I'm thinking ours is going into a bathroom renovation.

 

[CycloneDaddy]

This is moronic if they are giving it to households with up to 200k in annual income.

Save my $2k so when the govt taxes me $3k for it I can pay the bill.

 

[LincolnWay187]

Ill use it to pay the CF mods in the politics section to do their job.

 

[CyCloned]

I don't think I would qualify, but if I did I would probably donate it to some charity that is helping with the virus. That or buy season tickets for football.

 

[ISUCyclones2015]

78 replies and no one has said toilet paper?

My bidet purchase is looking ******* awesome right now. Even with my ridiculous extension cord across the bathroom

 

[ISUAgronomist]

Didn’t the Fed dump $1.5 Trillion into the Stock Market to prop it up the other day? How did that even benefit anyone?

Don't worry we'll be paying that back too.

 

[motorcy90]

start the process of remodeling the basement and replacing bedroom windows. or the work beater needs some maintenance done (CVs, timing belt, water pump, pulleys, maybe some upgraded suspension).

 

[Tri4Cy]

As part-owner of an LLC, I have to claim a % of the business profits as income, which makes me ineligible for basically everything with income limits. But we keep all the profits in the business, we don't take distributions other than to pay the tax liability. So my AGI looks like 5x my take home. I know, 1st world problems.

This will help our employees a touch though, which is good. I think we will be OK, but must confess to some concern about keeping the cash flow above $0 and not delaying any payroll or having to consider letting anyone go.

That's why we restructured our corporation a couple of years ago when then dropped the corp tax rate. We set it up as pass through in the beginning since the personal tax rates were cheaper but it was always a pain in the ass. Same as you, if you looked at my taxes you'd think i was rolling in it.

 

[JRE1975]

Why not just temporarily significantly increase the unemployment payments to the people who actually lose their jobs and are the ones that actually need the money? They have already waived the rules on needing to look for work to collect unemployment.

 

[alarson]

Why not just temporarily significantly increase the unemployment payments to the people who actually lose their jobs and are the ones that actually need the money? They have already waived the rules on needing to look for work to collect unemployment.

More people will be hit by this than those who lose their jobs.

 

[DurangoCy]

Is this going to end like the Bush Jr. $600 check that then went against any tax rebate a person got later in the year?

I have always thought under the Obama stimulus package we would have been better off giving each tax payer $50,000 and then tell them that they have to spend it by the end of the year or return any unspent portion. The money had to go to the purchase of a new American made vehicle, helps the auto industry, or any work on your home, helps out the housing industry.
Instead we gave half the package to the banks, and very little filtered down to the average America.

Economic Stimulus Act of 2008 was $152 Billion.
ARRA of 2009 was $787 Billion

The number you just proposed is about $7.5 Trillion and the Nation Debt at that time was about $10 Trillion. Almost doubling the national debt, so everyone could get a new Chevy would've been awesome.

 

[Clonehomer]

Economic Stimulus Act of 2008 was $152 Billion.
ARRA of 2009 was $787 Billion

The number you just proposed is about $7.5 Trillion and the Nation Debt at that time was about $10 Trillion. Almost doubling the national debt, so everyone could get a new Chevy would've been awesome.

It'll cost $7.5T, but the tax revenue would go up by at least $0.5T. So, that's about as fiscally sound as the last round of tax cuts.

 

[CySmurf]

Saving mine in the event that having every damn sport shut down will eventually hurt our business and get me laid off work. I may like the extra cash at that point.

 

[CySmurf]

Buy an expensive Italian couch for our living room. Wait a second....we did that already back in January. It was on back-order & they told us we wouldn't get it until March. With what's going on overseas, that still may hold true - but it will be March 2022.

I can't imagine how much covid19 will be entwined in that beautiful Italian couch you'll be getting.

 

[Dopey]

I like the idealistic idea of having this work like a Menards rebate. $1000 if used at a local contractor, car dealer, small business, etc.

 

[bos]

Ill use it to pay the CF mods in the politics section to do their job.

finally, reimbursement guys! We can finally start modding again!

 

[Rural]

Pay part of the mortgage.

We're in a very defensive mode here. 2008 bad isn't out of the question.

That catastrophic even that this ******** area still hasn't gotten past.

2008?

This is 1929 on steroids.

 

[mdk2isu]

Use some of it to buy a new driver from a friends small golf shop. And probably put the rest to work in the stock market on discounted stocks.