What would it take for the U.S. to enter a recession?

[freebeard]

This looks like a pretty good summary of the stimulus bill's effect on individuals:
https://www.nytimes.com/article/coro...gtype=Homepage

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[JSH]

So create a free account.

EDIT. It is a great chance to get the New York Times for free. A normal subscriber like me pays $16 a month.

[Fat Charlie]

And unemployment in NH just got worse two weeks from now. Gov. Sununu shut down the state as to midnight tomorrow.

[JSH]

Originally Posted by Fat Charlie

And unemployment in NH just got worse two weeks from now. Gov. Sununu shut down the state as to midnight tomorrow.

Idaho shut down today too. COVID 19 has hit “Real America”.

[freebeard]

So create a free account.

Give them what they want just to see if an article was worth it?

https://mediabiasfactcheck.com/new-york-times/

Is it straight news or an op-ed? I'll see if it shows up on Slashdot.

Simulpost!

[JSH]

Originally Posted by freebeard

Give them what they want just to see if an article was worth it?

https://mediabiasfactcheck.com/new-york-times/

Is it straight news or an op-ed? I'll see if it shows up on Slashdot.

It is a straight news story.

[freebeard]

Youtube: IT PASSED! EMPLOYEES, SELF-EMPLOYED, SS/SSI/DISABILITY RECIPIENTS ALL TO RECEIVE CASH ASAP FROM IRS!
That 'having to file a tax return' worried me.

Does this comport with the NYT?

[JSH]

Originally Posted by freebeard

Youtube: IT PASSED! EMPLOYEES, SELF-EMPLOYED, SS/SSI/DISABILITY RECIPIENTS ALL TO RECEIVE CASH ASAP FROM IRS!
That 'having to file a tax return' worried me.

Does this comport with the NYT?

I don't have time to watch a 13 minute video.

Full time, part time, and self employed people will get unemployment. File through your state unemployment office. You will get whatever you would normally get from the state + $600 a week from the federal government. The extra $600 a week ends in IIRC July.

The IRS is doing the one time checks. The NYT linked to the IRS who says:

The IRS encourages anyone with a tax filing obligation who hasn't filed a tax return for 2018 or a previous year to act now. – Pending legislation includes certain potential credits and rebates for those who have filed a return for 2018 and/or 2019. Those without 2018 tax filings on record could potentially affect mailings of stimulus checks

[redpoint5]

Didn't ask me for an account.

How large would the payments be?

Most adults would get $1,200, although some would get less. For every child age 16 or under, the payment would be an additional $500.

How many payments would there be?

Just one. Future bills could order up additional payments, though.

How do I know if I will get the full amount?

It depends on your income. Single adults with Social Security numbers who have an adjusted gross income of $75,000 or less would get the full amount. Married couples with no children earning $150,000 or less would receive a total of $2,400. And someone filing as head of household would get the full payment if they earn $112,500 or less.

Above those income figures, the payment decreases until it stops altogether for single people earning $99,000 or married people earning $198,000.

In any given family and in most instances, everyone must have a valid Social Security number. There is an exception for members of the military.

You can find your adjusted gross income on line 8b of the 2019 1040 federal tax return.

What year’s income should I be looking at?

2019. If you haven’t prepared a tax return yet, you can use your 2018 return. If you haven’t filed that yet, you can use a 2019 Social Security statement showing your income.

What if my recent income made me ineligible, but I anticipate being eligible because of a loss of income in 2020? Do I get a payment?

The bill does not appear to help people in that circumstance, but there are many other provisions in the legislation. You may be able to file for unemployment or for one of the new loans for small business owners or sole proprietors.

Would I have to apply to receive a payment?

No. If the Internal Revenue Service already has your bank account information, it would transfer the money to you via direct deposit based on the recent income-tax figures it already has.

When would they arrive?

Treasury Secretary Steven Mnuchin said that he expected most people to get their payments within three weeks.

If my payment doesn’t come soon, how can I be sure that it wasn’t misdirected?

According to the bill, you would get a paper notice in the mail no later than a few weeks after your payment has been disbursed. That notice would contain information about where the payment ended up and in what form it was made. If you couldn’t locate the payment at that point, it would be time to contact the I.R.S. using the information on the notice.

What if I haven’t filed tax returns recently, would that affect my ability to receive a payment?

It could. File a return immediately, at least for 2018, according to the I.R.S. website. “Those without 2018 tax filings on record could potentially affect mailings of stimulus checks,” the site says.

If you’re worried about money that you owe that you cannot pay, the I.R.S. recommends consulting a tax professional who can help you request an alternative payment plan or some other resolution.

[freebeard]

I don't have time to watch a 13 minute video.

So I gave the TLDR; instead of embedding the video, because who has the time?

Here's another one: Some Things You Might Not Know .... It's obfuscated but it's only 7:30.

Basically, he says Muricans have always been notorious social distancers compared to China or Italy, and the estimates are being walked back.

redpoint5 — The concern of mine is not having filed a tax return in 15 years. I'm committed that if the money does show up I will get smart phone. The criteria are Pinephone, locally, with cash.

PinePhone - Wikipedia
https://en.wikipedia.org/wiki/PinePhone
The PinePhone is a smartphone developed by Pine Microsystems, which also creates different single-board computers and laptops. It is a low-spec smartphone, fully hackable, running a range of copyleft-containing Linux mobile operating systems.