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I think something like a $10K tax rebate per person would be more appropriate. 1. It'll help people cover their bills 2. It'll put a shit-ton of money out
by lsllc 7y ago
I think something like a $10K tax rebate per person would be more appropriate.
1. It'll help people cover their bills
2. It'll put a shit-ton of money out to help reboot the economy when this all blows over.
- xyzzyz 7y agoTax rebate doesn’t help if you don’t pay any tax, and if you’re out of work, you’re also not paying tax. For example, if you normally make the median income of $30k, but quarantine put you out of work for 3 months, you’re down to $22,500, your federal tax bill is ~$2700, and so this is most you can get from tax rebate. If you have children, this is even lower. While I agree that tax rebates are typically correct approach, here it’s not the case: they won’t help much those who most need it, and they’ll help most those who don’t need them at all.