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Biggest Winners From Biden's Stimulus: Middle-Class Family Of 4 Will Qualify For $12,800 Over Next 15 Months

 
Don Draper from Nantucket
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02/11/2021 08:49 PM

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Biggest Winners From Biden's Stimulus: Middle-Class Family Of 4 Will Qualify For $12,800 Over Next 15 Months
[link to www.zerohedge.com (secure)]


While markets wait to see what the final size and scope of the proposed $1.9 trillion Biden stimulus will be, what we know currently about the key support components is the following:

"Economic Impact Payments" of $1,400 per person plus an additional $1,400 per dependent phasing out starting at $75,000 for single, $112,500 for head of households and $150,000 for married (fully phased out at $100,000 for single,$150,000 for head of households and $200,000 for married)
Temporary enhanced Child Tax Credit: Fully refundable $3600 per child age under 6 and $3000 per child age 6-17 with gradual phase out of $50 for each $1000 over the threshold of $75,000 for single, $112,500 for head of households, and $150,000 for married. Credits are paid out monthly in even increments starting July 2021 through June 2022 (e.g. $300 for age under 6, or $250 for age 6-17 per month per child).
What does that mean in practical terms?

As BofA economist Joseph Song explains, the big winners of the proposal will be be low to middle-income households with young children. As shown by the orange line below, a family of 4 making less than $150,000 a year could qualify for $12,800 in federal income support over the next 15 months.
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Anonymous Coward
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02/11/2021 08:54 PM
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Re: Biggest Winners From Biden's Stimulus: Middle-Class Family Of 4 Will Qualify For $12,800 Over Next 15 Months
12 GRAND WHILE THESE FUKKKS STEAL BILLIONS KUNTS


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Don Draper from Nantucket  (OP)

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02/11/2021 08:58 PM

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Re: Biggest Winners From Biden's Stimulus: Middle-Class Family Of 4 Will Qualify For $12,800 Over Next 15 Months
12 GRAND WHILE THESE FUKKKS STEAL BILLIONS KUNTS


trump-FO
 Quoting: Anonymous Coward 80042105


6.5 TRILLION spent by the gubmibt since Mar 2020 is over $20,000 for every single citizen in the US and how much has everyone gotten thus far?....LOL
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The Rolling Stones said it best...

"What's confusing you is the nature of my game"
Anonymous Coward
User ID: 80042105
02/11/2021 08:59 PM
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Re: Biggest Winners From Biden's Stimulus: Middle-Class Family Of 4 Will Qualify For $12,800 Over Next 15 Months
12 GRAND WHILE THESE FUKKKS STEAL BILLIONS KUNTS


trump-FO
 Quoting: Anonymous Coward 80042105


6.5 TRILLION spent by the gubmibt since Mar 2020 is over $20,000 for every single citizen in the US and how much has everyone gotten thus far?....LOL
 Quoting: Don Draper from Nantucket


JAKK SHITT FROM THESE KUNTS

trump-FO





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