So I Mean...The American Recovery Act of 2021 Basically Creates UBI if You Have Kids

[pknopp]

On top of it! The refund is no longer a refund, though, that's the thing! It is turning into a payment system throughout the entire year, basically!

That's the entire thing. You no longer need to look at the tax credit at it as a "once a year thing you get in April". This bill is turning it into 6 payments throughout the entire 2nd half of the year (July - December). American parents and heads of household will no longer have to wait once a year for their tax credit money.

They feel that this monthly money will help during "school supply" months (end of Summer) and then the holidays.

With UBI, you don't need a job to get it.

With a tax credit? You still need to be employed and make that money in order to have a tax break.

If you didn't make that money. . . you won't get it back in those six payments.



Not even close to UBI. UBI gives money to folks that don't work.


Sorry, would you like to try again?


The difference between a liberal and a conservative? A liberal views all money as the government's, so tax breaks are just government money that the government lets you keep.

Whose money is it that the Fed is pumping into the markets?

Whose money is it? Hint: we're not going to pay it back. The raid of the treasury is in full mode to usher in and implement a world currency. Its coming..........and fast. W did about 5-6 trillion in 8 years, O did 8-9 trillion in 8 years, Trump did 6 trillion in 4 years and the current buffoon has done over 2 trillion in less than 2 months.

You didn't actually answer the question.

 

[LordBrownTrout]

On top of it! The refund is no longer a refund, though, that's the thing! It is turning into a payment system throughout the entire year, basically!

That's the entire thing. You no longer need to look at the tax credit at it as a "once a year thing you get in April". This bill is turning it into 6 payments throughout the entire 2nd half of the year (July - December). American parents and heads of household will no longer have to wait once a year for their tax credit money.

They feel that this monthly money will help during "school supply" months (end of Summer) and then the holidays.

With UBI, you don't need a job to get it.

With a tax credit? You still need to be employed and make that money in order to have a tax break.

If you didn't make that money. . . you won't get it back in those six payments.



Not even close to UBI. UBI gives money to folks that don't work.


Sorry, would you like to try again?


The difference between a liberal and a conservative? A liberal views all money as the government's, so tax breaks are just government money that the government lets you keep.

Whose money is it that the Fed is pumping into the markets?

Whose money is it? Hint: we're not going to pay it back. The raid of the treasury is in full mode to usher in and implement a world currency. Its coming..........and fast. W did about 5-6 trillion in 8 years, O did 8-9 trillion in 8 years, Trump did 6 trillion in 4 years and the current buffoon has done over 2 trillion in less than 2 months.

You didn't actually answer the question.

You asked the question? You tell me. You must have the answer.

 

[AFrench2]

They are going to be depositing $200 per child ($250? $300?

Is there a maximum number of kids or is the US rewarding the welfare queens to go have more kids?

I want to say 5 ($1000 month)

 

[pknopp]

On top of it! The refund is no longer a refund, though, that's the thing! It is turning into a payment system throughout the entire year, basically!

That's the entire thing. You no longer need to look at the tax credit at it as a "once a year thing you get in April". This bill is turning it into 6 payments throughout the entire 2nd half of the year (July - December). American parents and heads of household will no longer have to wait once a year for their tax credit money.

They feel that this monthly money will help during "school supply" months (end of Summer) and then the holidays.

With UBI, you don't need a job to get it.

With a tax credit? You still need to be employed and make that money in order to have a tax break.

If you didn't make that money. . . you won't get it back in those six payments.



Not even close to UBI. UBI gives money to folks that don't work.


Sorry, would you like to try again?


The difference between a liberal and a conservative? A liberal views all money as the government's, so tax breaks are just government money that the government lets you keep.

Whose money is it that the Fed is pumping into the markets?

Whose money is it? Hint: we're not going to pay it back. The raid of the treasury is in full mode to usher in and implement a world currency. Its coming..........and fast. W did about 5-6 trillion in 8 years, O did 8-9 trillion in 8 years, Trump did 6 trillion in 4 years and the current buffoon has done over 2 trillion in less than 2 months.

You didn't actually answer the question.

You asked the question? You tell me. You must have the answer.

It's "ours" so all should share in it.

 

[Mac-7]

With a tax credit? You still need to be employed and make that money in order to have a tax break.

These welfare bums can work one day a year and collect thousands

 

[LordBrownTrout]

On top of it! The refund is no longer a refund, though, that's the thing! It is turning into a payment system throughout the entire year, basically!

That's the entire thing. You no longer need to look at the tax credit at it as a "once a year thing you get in April". This bill is turning it into 6 payments throughout the entire 2nd half of the year (July - December). American parents and heads of household will no longer have to wait once a year for their tax credit money.

They feel that this monthly money will help during "school supply" months (end of Summer) and then the holidays.

With UBI, you don't need a job to get it.

With a tax credit? You still need to be employed and make that money in order to have a tax break.

If you didn't make that money. . . you won't get it back in those six payments.



Not even close to UBI. UBI gives money to folks that don't work.


Sorry, would you like to try again?


The difference between a liberal and a conservative? A liberal views all money as the government's, so tax breaks are just government money that the government lets you keep.

Whose money is it that the Fed is pumping into the markets?

Whose money is it? Hint: we're not going to pay it back. The raid of the treasury is in full mode to usher in and implement a world currency. Its coming..........and fast. W did about 5-6 trillion in 8 years, O did 8-9 trillion in 8 years, Trump did 6 trillion in 4 years and the current buffoon has done over 2 trillion in less than 2 months.

You didn't actually answer the question.

You asked the question? You tell me. You must have the answer.

It's "ours" so all should share in it.

When the fed magically prints money and never pays it off, lol. Ok.

 

[AFrench2]

On top of it! The refund is no longer a refund, though, that's the thing! It is turning into a payment system throughout the entire year, basically!

That's the entire thing. You no longer need to look at the tax credit at it as a "once a year thing you get in April". This bill is turning it into 6 payments throughout the entire 2nd half of the year (July - December). American parents and heads of household will no longer have to wait once a year for their tax credit money.

They feel that this monthly money will help during "school supply" months (end of Summer) and then the holidays.

With UBI, you don't need a job to get it.

With a tax credit? You still need to be employed and make that money in order to have a tax break.

If you didn't make that money. . . you won't get it back in those six payments.



Not even close to UBI. UBI gives money to folks that don't work.


Sorry, would you like to try again?


The difference between a liberal and a conservative? A liberal views all money as the government's, so tax breaks are just government money that the government lets you keep.

Whose money is it that the Fed is pumping into the markets?

Whose money is it? Hint: we're not going to pay it back. The raid of the treasury is in full mode to usher in and implement a world currency. Its coming..........and fast. W did about 5-6 trillion in 8 years, O did 8-9 trillion in 8 years, Trump did 6 trillion in 4 years and the current buffoon has done over 2 trillion in less than 2 months.

You didn't actually answer the question.

You asked the question? You tell me. You must have the answer.

It's "ours" so all should share in it.

When the fed magically prints money and never pays it off, lol. Ok.

What is with random people on the Internet thinking they have a Doctorate in Economics and are more attuned to markets and the way of finance than 20 year Goldsman Sachs bankers? I'm being serious: go fly a kite.

 

[pknopp]

On top of it! The refund is no longer a refund, though, that's the thing! It is turning into a payment system throughout the entire year, basically!

That's the entire thing. You no longer need to look at the tax credit at it as a "once a year thing you get in April". This bill is turning it into 6 payments throughout the entire 2nd half of the year (July - December). American parents and heads of household will no longer have to wait once a year for their tax credit money.

They feel that this monthly money will help during "school supply" months (end of Summer) and then the holidays.

With UBI, you don't need a job to get it.

With a tax credit? You still need to be employed and make that money in order to have a tax break.

If you didn't make that money. . . you won't get it back in those six payments.



Not even close to UBI. UBI gives money to folks that don't work.


Sorry, would you like to try again?


The difference between a liberal and a conservative? A liberal views all money as the government's, so tax breaks are just government money that the government lets you keep.

Whose money is it that the Fed is pumping into the markets?

Whose money is it? Hint: we're not going to pay it back. The raid of the treasury is in full mode to usher in and implement a world currency. Its coming..........and fast. W did about 5-6 trillion in 8 years, O did 8-9 trillion in 8 years, Trump did 6 trillion in 4 years and the current buffoon has done over 2 trillion in less than 2 months.

You didn't actually answer the question.

You asked the question? You tell me. You must have the answer.

It's "ours" so all should share in it.

When the fed magically prints money and never pays it off, lol. Ok.

The complaint was about getting money you didn't earn. The entire country is built upon that.

 

[pknopp]

On top of it! The refund is no longer a refund, though, that's the thing! It is turning into a payment system throughout the entire year, basically!

That's the entire thing. You no longer need to look at the tax credit at it as a "once a year thing you get in April". This bill is turning it into 6 payments throughout the entire 2nd half of the year (July - December). American parents and heads of household will no longer have to wait once a year for their tax credit money.

They feel that this monthly money will help during "school supply" months (end of Summer) and then the holidays.

With UBI, you don't need a job to get it.

With a tax credit? You still need to be employed and make that money in order to have a tax break.

If you didn't make that money. . . you won't get it back in those six payments.



Not even close to UBI. UBI gives money to folks that don't work.


Sorry, would you like to try again?


The difference between a liberal and a conservative? A liberal views all money as the government's, so tax breaks are just government money that the government lets you keep.

Whose money is it that the Fed is pumping into the markets?

Whose money is it? Hint: we're not going to pay it back. The raid of the treasury is in full mode to usher in and implement a world currency. Its coming..........and fast. W did about 5-6 trillion in 8 years, O did 8-9 trillion in 8 years, Trump did 6 trillion in 4 years and the current buffoon has done over 2 trillion in less than 2 months.

You didn't actually answer the question.

You asked the question? You tell me. You must have the answer.

It's "ours" so all should share in it.

When the fed magically prints money and never pays it off, lol. Ok.

What is with random people on the Internet thinking they have a Doctorate in Economics and are more attuned to markets and the way of finance than 20 year Goldsman Sachs bankers? I'm being serious: go fly a kite.

The bankers that crashed the economy?

 

[AFrench2]

On top of it! The refund is no longer a refund, though, that's the thing! It is turning into a payment system throughout the entire year, basically!

That's the entire thing. You no longer need to look at the tax credit at it as a "once a year thing you get in April". This bill is turning it into 6 payments throughout the entire 2nd half of the year (July - December). American parents and heads of household will no longer have to wait once a year for their tax credit money.

They feel that this monthly money will help during "school supply" months (end of Summer) and then the holidays.

With UBI, you don't need a job to get it.

With a tax credit? You still need to be employed and make that money in order to have a tax break.

If you didn't make that money. . . you won't get it back in those six payments.



Not even close to UBI. UBI gives money to folks that don't work.


Sorry, would you like to try again?


The difference between a liberal and a conservative? A liberal views all money as the government's, so tax breaks are just government money that the government lets you keep.

Whose money is it that the Fed is pumping into the markets?

Whose money is it? Hint: we're not going to pay it back. The raid of the treasury is in full mode to usher in and implement a world currency. Its coming..........and fast. W did about 5-6 trillion in 8 years, O did 8-9 trillion in 8 years, Trump did 6 trillion in 4 years and the current buffoon has done over 2 trillion in less than 2 months.

You didn't actually answer the question.

You asked the question? You tell me. You must have the answer.

It's "ours" so all should share in it.

When the fed magically prints money and never pays it off, lol. Ok.

What is with random people on the Internet thinking they have a Doctorate in Economics and are more attuned to markets and the way of finance than 20 year Goldsman Sachs bankers? I'm being serious: go fly a kite.

The bankers that crashed the economy?

You're mistaking about greed, not education...why do you think the bankers did reverse swaps and derivatives? To LOSE money?

 

[pknopp]

On top of it! The refund is no longer a refund, though, that's the thing! It is turning into a payment system throughout the entire year, basically!

That's the entire thing. You no longer need to look at the tax credit at it as a "once a year thing you get in April". This bill is turning it into 6 payments throughout the entire 2nd half of the year (July - December). American parents and heads of household will no longer have to wait once a year for their tax credit money.

They feel that this monthly money will help during "school supply" months (end of Summer) and then the holidays.

With UBI, you don't need a job to get it.

With a tax credit? You still need to be employed and make that money in order to have a tax break.

If you didn't make that money. . . you won't get it back in those six payments.



Not even close to UBI. UBI gives money to folks that don't work.


Sorry, would you like to try again?


The difference between a liberal and a conservative? A liberal views all money as the government's, so tax breaks are just government money that the government lets you keep.

Whose money is it that the Fed is pumping into the markets?

Whose money is it? Hint: we're not going to pay it back. The raid of the treasury is in full mode to usher in and implement a world currency. Its coming..........and fast. W did about 5-6 trillion in 8 years, O did 8-9 trillion in 8 years, Trump did 6 trillion in 4 years and the current buffoon has done over 2 trillion in less than 2 months.

You didn't actually answer the question.

You asked the question? You tell me. You must have the answer.

It's "ours" so all should share in it.

When the fed magically prints money and never pays it off, lol. Ok.

What is with random people on the Internet thinking they have a Doctorate in Economics and are more attuned to markets and the way of finance than 20 year Goldsman Sachs bankers? I'm being serious: go fly a kite.

The bankers that crashed the economy?

You're mistaking about greed, not education...why do you think the bankers did reverse swaps and derivatives? To LOSE money?

They knew there would be no repercussions.

 

[AFrench2]

On top of it! The refund is no longer a refund, though, that's the thing! It is turning into a payment system throughout the entire year, basically!

That's the entire thing. You no longer need to look at the tax credit at it as a "once a year thing you get in April". This bill is turning it into 6 payments throughout the entire 2nd half of the year (July - December). American parents and heads of household will no longer have to wait once a year for their tax credit money.

They feel that this monthly money will help during "school supply" months (end of Summer) and then the holidays.

With UBI, you don't need a job to get it.

With a tax credit? You still need to be employed and make that money in order to have a tax break.

If you didn't make that money. . . you won't get it back in those six payments.



Not even close to UBI. UBI gives money to folks that don't work.


Sorry, would you like to try again?


The difference between a liberal and a conservative? A liberal views all money as the government's, so tax breaks are just government money that the government lets you keep.

Whose money is it that the Fed is pumping into the markets?

Whose money is it? Hint: we're not going to pay it back. The raid of the treasury is in full mode to usher in and implement a world currency. Its coming..........and fast. W did about 5-6 trillion in 8 years, O did 8-9 trillion in 8 years, Trump did 6 trillion in 4 years and the current buffoon has done over 2 trillion in less than 2 months.

You didn't actually answer the question.

You asked the question? You tell me. You must have the answer.

It's "ours" so all should share in it.

When the fed magically prints money and never pays it off, lol. Ok.

What is with random people on the Internet thinking they have a Doctorate in Economics and are more attuned to markets and the way of finance than 20 year Goldsman Sachs bankers? I'm being serious: go fly a kite.

The bankers that crashed the economy?

You're mistaking about greed, not education...why do you think the bankers did reverse swaps and derivatives? To LOSE money?

They knew there would be no repercussions.

I agree with you?

Again, you're confusing greed with knowledge/expertise. Yes, Capitalism is disgusting. Yes, bankers never get in trouble. Yes, Bernie Madoff was a scapegoat for about 1000 other people who needed to get caught and also go to prison.

I'm not disagreeing with your disgust at the greed of bankers. I'm disagreeing that you think you can do it as well as they can.

EDIT: Well originally, I was disagreeing that this LordTrout person knew anything about economics to talk about the Fed or money or where it comes from/how it works. But now I'm disagreeing with you.

 

[pknopp]

On top of it! The refund is no longer a refund, though, that's the thing! It is turning into a payment system throughout the entire year, basically!

That's the entire thing. You no longer need to look at the tax credit at it as a "once a year thing you get in April". This bill is turning it into 6 payments throughout the entire 2nd half of the year (July - December). American parents and heads of household will no longer have to wait once a year for their tax credit money.

They feel that this monthly money will help during "school supply" months (end of Summer) and then the holidays.

With UBI, you don't need a job to get it.

With a tax credit? You still need to be employed and make that money in order to have a tax break.

If you didn't make that money. . . you won't get it back in those six payments.



Not even close to UBI. UBI gives money to folks that don't work.


Sorry, would you like to try again?


The difference between a liberal and a conservative? A liberal views all money as the government's, so tax breaks are just government money that the government lets you keep.

Whose money is it that the Fed is pumping into the markets?

Whose money is it? Hint: we're not going to pay it back. The raid of the treasury is in full mode to usher in and implement a world currency. Its coming..........and fast. W did about 5-6 trillion in 8 years, O did 8-9 trillion in 8 years, Trump did 6 trillion in 4 years and the current buffoon has done over 2 trillion in less than 2 months.

You didn't actually answer the question.

You asked the question? You tell me. You must have the answer.

It's "ours" so all should share in it.

When the fed magically prints money and never pays it off, lol. Ok.

What is with random people on the Internet thinking they have a Doctorate in Economics and are more attuned to markets and the way of finance than 20 year Goldsman Sachs bankers? I'm being serious: go fly a kite.

The bankers that crashed the economy?

You're mistaking about greed, not education...why do you think the bankers did reverse swaps and derivatives? To LOSE money?

They knew there would be no repercussions.

I agree with you?

Again, you're confusing greed with knowledge/expertise. Yes, Capitalism is disgusting. Yes, bankers never get in trouble. Yes, Bernie Madoff was a scapegoat for about 1000 other people who needed to get caught and also go to prison.

I'm not disagreeing with your disgust at the greed of bankers. I'm disagreeing that you think you can do it as well as they can.

EDIT: Well originally, I was disagreeing that this LordTrout person knew anything about economics to talk about the Fed or money or where it comes from/how it works. But now I'm disagreeing with you.

As long as those who already have are allowed to let their greed demand more and more and get away with all sorts of corruption, I'm going to support that for all, I do not care if you agree or not.

 

[EvilCat Breath]

Economic collapse is about to happen. We're about to go hyperinflation.

Everything the communists are doing have been doing is directed to bringing this country to economic collapse. It's the Cloward Piven Strategy in action.

 

[struth]

So I was doing some light reading today and this new Child Tax Credit that Biden is setting up looks great. They are going to be depositing $200 per child ($250? $300? I've heard 2 different numbers -- if the kid is under 6) monthly from the months of JULY - DEC each year going forward with the new Child Tax Credit. That means a family of 4 kids gets $800 or more each month JULY - DEC.

So the new bill signed essentially does what Andrew Yang was wanting when he ran in 2019: give $1000 checks to (some) Americans each month. Very cool. This will allow children food at the lunch line, and allow parents to help with clothing and other school-related items each month if they are a low income family.

American Rescue Plan Act passes with many tax components

The $1.9 trillion coronavirus relief bill that passed Congress contains many tax provisions, including changes to the child tax credit and many other credits, making certain unemployment benefits tax-free in 2020, and a $1,400 recovery rebate credit for many individuals.

www.journalofaccountancy.com

I am glad the dems got on board with the Trump admin's policies in regards to the Child Tax Credit....it's a good thing

 

[RoshawnMarkwees]

On top of it! The refund is no longer a refund, though, that's the thing! It is turning into a payment system throughout the entire year, basically!

That's the entire thing. You no longer need to look at the tax credit at it as a "once a year thing you get in April". This bill is turning it into 6 payments throughout the entire 2nd half of the year (July - December). American parents and heads of household will no longer have to wait once a year for their tax credit money.

They feel that this monthly money will help during "school supply" months (end of Summer) and then the holidays.

That has always made sense to me. As a very broke single parent for a lot of years, the monthly payments would have been a lot more helpful.

Where was daddy? Every kid in the existence of the species has had a very specific daddy.

 

[AFrench2]

As long as those who already have are allowed to let their greed demand more and more and get away with all sorts of corruption, I'm going to support that for all, I do not care if you agree or not.

Don't know what this means in English.

 

[pknopp]

As long as those who already have are allowed to let their greed demand more and more and get away with all sorts of corruption, I'm going to support that for all, I do not care if you agree or not.

Don't know what this means in English.

You noted all the corruption in the markets. As long as they can get away with it, I support everyone getting away with it.

You agree that the markets are getting billions. I support handing money out to everyone then.

 

[Admiral Rockwell Tory]

That has always made sense to me

Thats why we call you people socislists

What is a "socislist"?

 

[AFrench2]

As long as those who already have are allowed to let their greed demand more and more and get away with all sorts of corruption, I'm going to support that for all, I do not care if you agree or not.

Don't know what this means in English.

You noted all the corruption in the markets. As long as they can get away with it, I support everyone getting away with it.

You agree that the markets are getting billions. I support handing money out to everyone then.

Corruption is in the heart of man, not the markets. That's why I support raising regulations on the fatcats who are greedy and corrupt.