Quote:
Originally Posted by DaneMcCloud
Married Couples filing Jointly whose AGI is $0-$150k received $1,200 dollars each, or $2,400 per household. If those same couples have children, they receive an additional $500 per child.
Married Couples filing Jointly whose AGI is $150,001-$198,000 receive $600 per adult and $500 per child.
Married Couples whose AGI was greater $198,001 received zero.
If a Married couple whose AGI was greater than $150k needed $1,200 dollars in order to get by for 10 weeks, they have much bigger problems than the pandemic.
And that's the exact opposite reason for providing Stimulus money to those on the upper end of the spectrum. People that can spend the money, should spend the money.
Saving it does absolutely nothing for the economy and in the end, what's $1,200 to people who's AGI is greater than $150k?
|
It’s not quite that simple for married couples over 150k. The amount you received starting at $2400, was reduced by $5 for every $100 over 150k you made. A couple who made 155k would get $2150 so close to the maximum. A couple at 180k would receive $900 total which really further illustrates that they are likely going to nothing but spend that money on random things to help the economy.