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BajaMama
Super Nomad
Posts: 1106
Registered: 10-4-2015
Location: Pleasanton/Punta Chivato
Member Is Offline
Mood: Got Baja fever!!
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Quote: Originally posted by JZ  |
Proves what I said that hosptials get more $'s for providing Covid-19 care than other services. A good bit more. And also says they haven't caught
them doing it "yet."
Ask anyone who works at a hospital. It's happening.
[Edited on 6-7-2020 by JZ] |
All of this nonsense about putting medicare patients on ventilators just to get more money was started by a Minnesota republican being interviewed on
Fox News. By that alone, you can assume it is just his opinion with no facts to back up his words. That is how Fox news works. Opinions, NEVER
facts.
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BajaMama
Super Nomad
Posts: 1106
Registered: 10-4-2015
Location: Pleasanton/Punta Chivato
Member Is Offline
Mood: Got Baja fever!!
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We didn't either and we both know the reason for that. Poor, poor us (insert sarcasm here).
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SFandH
Elite Nomad
Posts: 6929
Registered: 8-5-2011
Member Is Offline
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| Quote: Originally posted by lencho |
It's only taxpayer subsidy if he doesn't pay back the loan. Hold off on the lynching till then. 
What I am trying to figure out is the ethical thing to do with those stimulus checks which most of us here didn't need nor apply for.
Question for each individual's conscience.  |
I'm going to be charitable and help out the Mexican economy. This fall when we go back to BCS I'll buy pesos and spend them in bars and restaurants,
and leave hefty tips.
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AKgringo
Elite Nomad
Posts: 5820
Registered: 9-20-2014
Location: Anchorage, AK (no mas!)
Member Is Offline
Mood: Retireded
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I intend to split my wind fall check between Alaska Airlines, and small local businesses. Box stores have done just fine, so non of them need my
business for a while!
If you are not living on the edge, you are taking up too much space!
"Could do better if he tried!" Report card comments from most of my grade school teachers. Sadly, still true!
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elgatoloco
Ultra Nomad
Posts: 4323
Registered: 11-19-2002
Location: Yes
Member Is Offline
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I own a small business since 1981. My business is off by about 50% since March 1st. My company applied for PPP the 2nd time it was offered and we were
grateful to get the funds and wouldn't hesitate to do so again. I was able to keep 6 people off unemployment and maybe welfare. One of them has worked
for me for 21 years. They still have healthcare that we pay for and they are paying their rent, buying diapers for their babies, putting food on the
table, paying the light bill, making the car payment, and so forth because the wife and I did not have to lay them off due to lack of enough work and
no money to make payroll.
In 39 years of business there have been times where I have lost sleep wondering how I was going to make payroll. That worry is not keeping me up
nights lately. There are still challenges ahead for many businesses including mine but right now we are OK.
Not all businesses were able to get help. I wish they could.
"Consumer spending composes about two-thirds of US GDP, which makes jobs, incomes, and consumer confidence vitally important for
economic recovery. With higher unemployment than at any time since the Great Depression, and 22 million net jobs lost in March and April, the hit to
consumers’ spending power evident in recent economic data might have been significant.
But stimulus efforts helped plug the hole, including direct checks to individuals, unemployment benefits, and financial support for businesses
to help them keep employees on their payrolls.
MAGA
Making Attorneys Get Attorneys
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JZ
Elite Nomad
Posts: 9283
Registered: 10-3-2003
Member Is Offline
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| Quote: Originally posted by John Harper |
So 60% goes to employees, but they are taxed on that as income.
The other 40% is now tax free to your company? Not classified as revenue for tax purposes but as a "forgivable" loan? And you can still write off
payroll, lease expenses, etc. against revenue? Expenses paid for with that tax free money? Which actually reduces your corporate taxes as a result?
Damn, what a deal. Free taxpayer money and reduced corporate taxes.
Who says Republicans hate welfare?
John
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We keep very detailed records on the spend. Setup a separate bank account, etc. In our case, the CFO has it forecast to go 91% to employee payroll.
[Edited on 6-9-2020 by JZ]
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BajaMama
Super Nomad
Posts: 1106
Registered: 10-4-2015
Location: Pleasanton/Punta Chivato
Member Is Offline
Mood: Got Baja fever!!
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| Quote: Originally posted by Pacifico | | Quote: Originally posted by lencho |
What I am trying to figure out is the ethical thing to do with those stimulus checks which most of us here didn't need nor apply for.
Question for each individual's conscience. |
Interesting thought....I guess one would just not have to cash it and shred it if they desired. I wonder how many noble people did this? Did you get
one, Lencho?
After paying hundreds of thousands of dollars in taxes over a lifetime, why would anyone not take the small pittance? |
My son matched his $1,200 and donated $2,400 to worthy causes.
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BajaBlanca
Select Nomad
Posts: 13165
Registered: 10-28-2008
Location: La Bocana, BCS
Member Is Offline
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| Quote: Originally posted by BajaMama | | Quote: Originally posted by Pacifico | | Quote: Originally posted by lencho |
What I am trying to figure out is the ethical thing to do with those stimulus checks which most of us here didn't need nor apply for.
Question for each individual's conscience. |
Interesting thought....I guess one would just not have to cash it and shred it if they desired. I wonder how many noble people did this? Did you get
one, Lencho?
After paying hundreds of thousands of dollars in taxes over a lifetime, why would anyone not take the small pittance? |
My son matched his $1,200 and donated $2,400 to worthy causes.
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What a beautiful thing to do!
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wilderone
Ultra Nomad
Posts: 3779
Registered: 2-9-2004
Member Is Offline
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"What I am trying to figure out is the ethical thing to do with those stimulus checks which most of us here didn't need nor apply for. Question for
each individual's conscience"
Technically, the economic recovery rebate is an advance payment of a special 2020 tax credit. You'll reconcile your rebate on your 2020 return. For
most people, the rebate will equal the tax credit allowed.
Ethical dilemma? You're kidding, right?
For tax year 2020 you also don't have to take your IRA RMD either. Your government trying to help us out during a fiscal crisis to keep the economy
stable and people employed. And it's working. If your conscience is bothering you, check the boxes on your tax return to donate it.
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Bajaboy
Ultra Nomad
Posts: 4375
Registered: 10-9-2003
Location: Bahia Asuncion, BCS, Mexico
Member Is Offline
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| Quote: Originally posted by elgatoloco | I own a small business since 1981. My business is off by about 50% since March 1st. My company applied for PPP the 2nd time it was offered and we were
grateful to get the funds and wouldn't hesitate to do so again. I was able to keep 6 people off unemployment and maybe welfare. One of them has worked
for me for 21 years. They still have healthcare that we pay for and they are paying their rent, buying diapers for their babies, putting food on the
table, paying the light bill, making the car payment, and so forth because the wife and I did not have to lay them off due to lack of enough work and
no money to make payroll.
In 39 years of business there have been times where I have lost sleep wondering how I was going to make payroll. That worry is not keeping me up
nights lately. There are still challenges ahead for many businesses including mine but right now we are OK.
Not all businesses were able to get help. I wish they could.
"Consumer spending composes about two-thirds of US GDP, which makes jobs, incomes, and consumer confidence vitally important for
economic recovery. With higher unemployment than at any time since the Great Depression, and 22 million net jobs lost in March and April, the hit to
consumers’ spending power evident in recent economic data might have been significant.
But stimulus efforts helped plug the hole, including direct checks to individuals, unemployment benefits, and financial support for businesses
to help them keep employees on their payrolls.
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You're a good man Charlie Brown!
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