Author Topic: $1,400 Stimulus Checks Not Protected from Seizure by Debt Collectors & More  (Read 318 times)

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Offline RomanCatholic1953

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Economy
Unlike The $600 Stimulus Checks, $1400 Checks Are Not Protected From Seizure By Debt Collectors 

  • Many Americans may never receive their $1400 stimulus checks, as the new $1.9 trillion COVID-19 relief bill doesn’t prevent stimulus checks from being seized by debt collectors.
  • The first $1200 stimulus checks in the spring were also not protected, although some states did enact their own protections against garnishment for the first round.
  • The second payments of $600 were fully protected.
  • The $1400 checks will not be protected because the relief package was passed via budget reconciliation, rather than as a stand-alone bill. This allowed Senate Democrats to pass the bill with 51 votes, instead of 60.
  • Any private debt collector can seize the $1400 payment.  Source: breaking911.com
 
Stimulus Breakdown: Combined Bills Cost Families $69,000, Individuals $17,000 But You Only Get $1,400 While $1 Trillion is STILL Unspent 
 
  • Here is the breakdown:
  • Less than 9% goes to combating COVID-19.
  • Twenty-seven percent (or more than $500 billion) goes to state and local governments.
  • Twenty-one percent (or approximately $400 billion) goes to policies that reduce private-sector employment.
  • $135 million for the National Endowment for the Arts.
  • $135 million for the National Endowment for the Humanities.
  • $200 million for the Institute of Museum and Library Services.
  • $12 billion for foreign aid. 
  • Here is the second half of the breakdown, which lists the small percentage of the $1.9 trillion bill that is actually spent this year:
  • Five percent ($6 billion) of the $130 billion set aside for K-12 schools.
  • Five percent ($250 million) of the $5 billion for Emergency Housing Vouchers.
  • Seventeen percent ($7 billion) of the $39 billion for child care.
  • Twenty-three percent ($11 billion) of the $50 billion for the Federal Emergency Management Agency.
  • None of the $5 billion for homeless assistance.
  •  if it doesn’t need to be spent this year, then how can it possibly be an emergency fund
  • Planned Parenthood gets a large piece of the money
Source 100percentfedup.com
The government has spent nearly 6 TRILLION dollars in virus “relief” Divide that by 330,000,000 Americans it comes out to a cost of roughly $18,000 each But you *maybe* got $3,200 of that back
 

Offline Matthew

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  • It shows who's in charge.

    If there were protection in place against garnishing these stimulus checks, the båñkêrs would have to freak out, "Oy vey! How am I going to get my shekels? I earned every shekel of that debt by honest usury!"
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    Offline Caraffa

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  • The new law also effectively raises taxes on the poor to middle class. Starting in 2022, if you have more than $600 in sales from Amazon, eBay, Etsy, Mercari, etc., it will be reported as 1099 income to the IRS.
    Pray for me, always.

    Offline Incredulous

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  • Why... thank you for coming to visit us!

    Did you say you're here to collect stimulus "back taxes"?

    Uh... would you know how to pray, the Act of Contrition ?
    "Some preachers will keep silence about the truth, and others will trample it underfoot and deny it. Sanctity of life will be held in derision even by those who outwardly profess it, for in those days Our Lord Jesus Christ will send them not a true Pastor but a destroyer."  St. Francis of Assisi


     

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