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> but others were complete wastes of money, e.g. giving checks to families making 6 figures Remember that the cutoff for stimulus was from prior year's taxes.
by ModernMech 4y ago
> but others were complete wastes of money, e.g. giving checks to families making 6 figures
Remember that the cutoff for stimulus was from prior year's taxes. This means you could have been making 6 figures in 2019, and then be making significantly less due to covid job loss or reduction when stimulus was handed out. As a matter of fact, stimulus helped my family greatly even though we made 6 figures in 2019. So following through on your claim would have meant my family suffering. YMMV.
- another_story 4y agoIf you're making 6 figures you should have a decent sized emergency fund if you live in an excessively high CoL area, no?
- ModernMech 4y agoShould is the operative word there. One could be in school for a while deeply in debt for a decade, get a 6 figure job in a high COL area right after graduating, then lose that job due to covid within a year. How would they have a decent sized emergency fund saved up? Why would such a family not be deserving of relief?