5 ms·

$1,200 per person, and then $600 per person, and then $1,400 per person. Plus an additional $400-600 per week in unemployment benefits in addition to the amount

by cwhiz 6y ago

$1,200 per person, and then $600 per person, and then $1,400 per person. Plus an additional $400-600 per week in unemployment benefits in addition to the amount states were already giving. Consider a hypothetical single person, living in Oregon, who lost his or her job during the pandemic, and is still looking for work. That person has received $3,200 in direct cash, and somewhere around $40-55,000 in unemployment checks. Plus other benefits such as food and medical. How much is enough?

donmcronald 6y ago
I’m not American, but > So, under the new legislation, a typical worker could expect $985 a week for four months ($600 in extra relief plus state benefits), followed by up to 23 weeks of $385 a week in standard state benefits. Unemployment benefits are taxable. So their normal insurance (which they paid for) covers everything but 600x24 = $14,400 in federal benefits they’re not normally entitled to. Based on they above quote it sounds like $32.5k would be the upper end. Where do you get $55k? And remember they PAID into state level insurance programs for the majority of that and they’re entitled to everything but the extra $14.4K.
- cwhiz 6y ago
  They amended the bills to continue paying $300 - $600 per week in additional unemployment on top of the state unemployment. Why would you subtract state unemployment? These people also paid federal taxes, so should we just subtract the federal unemployment, too? And again, that’s just the cash. There was also Medicaid for health insurance, numerous state and federal programs for food, programs for housing, internet, etc. How is this not enough?
Izkata 6y ago
A couple things to keep in mind for the math when comparing to the total bill: * The $1200 was scaled down if you made over a certain amount the previous year (50k? 60k? I forget exactly), based on your tax return. I think I got about half of this one. * The $600 and $1400 went to fewer people than the other; I don't know the criteria but I received neither of these. * For the extra $600/month for unemployment, that topped out around 14-15% (which excludes a lot of people from the denominator, so it's not 14% of the population).
- cwhiz 6y ago
  The stimulus checks were essentially prepaid tax credits. If you weren’t eligible based on 2019 income, but you were eligible based on 2020, you’ll get the credits when you file your 2020 taxes.

by cwhiz 6y ago

donmcronald 6y ago

I’m not American, but > So, under the new legislation, a typical worker could expect $985 a week for four months ($600 in extra relief plus state benefits), followed by up to 23 weeks of $385 a week in standard state benefits. Unemployment benefits are taxable. So their normal insurance (which they paid for) covers everything but 600x24 = $14,400 in federal benefits they’re not normally entitled to. Based on they above quote it sounds like $32.5k would be the upper end. Where do you get $55k? And remember they PAID into state level insurance programs for the majority of that and they’re entitled to everything but the extra $14.4K.

cwhiz 6y ago
They amended the bills to continue paying $300 - $600 per week in additional unemployment on top of the state unemployment. Why would you subtract state unemployment? These people also paid federal taxes, so should we just subtract the federal unemployment, too? And again, that’s just the cash. There was also Medicaid for health insurance, numerous state and federal programs for food, programs for housing, internet, etc. How is this not enough?

Izkata 6y ago

A couple things to keep in mind for the math when comparing to the total bill: * The $1200 was scaled down if you made over a certain amount the previous year (50k? 60k? I forget exactly), based on your tax return. I think I got about half of this one. * The $600 and $1400 went to fewer people than the other; I don't know the criteria but I received neither of these. * For the extra $600/month for unemployment, that topped out around 14-15% (which excludes a lot of people from the denominator, so it's not 14% of the population).

cwhiz 6y ago
The stimulus checks were essentially prepaid tax credits. If you weren’t eligible based on 2019 income, but you were eligible based on 2020, you’ll get the credits when you file your 2020 taxes.