Are you ok with how the stimulus is calculated?
I’m talking about this second time around, not the first stimulus.
People will get a full stimulus payment if their AGI is less then $75k for a single and $150k for a couple.
People who make the same money they were making a few years ago are going to get the money. Let’s say a couple making $220k gross who puts $50k away in 401k money and $7k in HSA money and deduct the $24k the government gives them off the top, I think that person making $220k gross is already down to $139k after stashing away $57k in tax sheltered funds so they get the stimulus. Is that right? The poor and lower middle class can’t do that. They also might have hundreds of thousands if not millions in the bank or brokerage accounts.
The first stimulus they gave out money with these simple parameters because it would be too time consuming to analyze if people really needed stimulus money, but this time do you think it should go to people who actually lost their jobs or are Lower income sand having a hard time paying bills.
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