5 ms·

I don't think the $1200 goes to everyone, though, right? There's an income threshold. I mean, the number is almost irrelevant given the extent of the crisis. M

I don't think the $1200 goes to everyone, though, right? There's an income threshold. I mean, the number is almost irrelevant given the extent of the crisis. Might as well make it a million a person because some fundamental truths of the economy are going to completely change.

scrooched_moose 7y ago
It starts phasing out at $75,000 AGI. Decreases 5% for every dollar over. For example, if you make $84,000 AGI, you would get $1200-.05*(84000-75000) = $750. It decreases to $0 at $99,000. Edit: double everything for a married couple - potential for $2400 that begins phasing out at $150,000 and drops to $0 at $198,000.
malyk 7y ago
Yes, this is true. The check amount decreases for individuals making between 75k and 100k. Over 100k you get nothing. Double those numbers for couples.