How will the stimulus work? (1 Viewer)

[Joan's E]

So I've read some summaries of these payments and they say it's based on 2019 taxes if you've filed them. If not, it's based on 2018 taxes. My wife says she read that it's going to be based on 2019 taxes regardless, so if you file your taxes AFTER receiving the money and are above the threshold, you will need to pay it back when filing your 2020 taxes.

Based on 2018 taxes, we should get the full amount. Based on estimated 2019 taxes (which I haven't filed yes) I would get nothing. So am I going to have to pay this back in 2021 or is it actually based on 2018?

Does that question make sense? Anyone know how this will operate?

 

[The moose]

Did they ever replace the oversight committee?

Hospitals Got Bailouts and Furloughed Thousands While Paying C.E.O.s Millions (Published 2020)

Dozens of top recipients of government aid have laid off, furloughed or cut the pay of tens of thousands of employees.

www.nytimes.com

HCA Healthcare is one of the world’s wealthiest hospital chains. It earned more than $7 billion in profits over the last two years. It is worth $36 billion. It paid its chief executive $26 million in 2019.

But as the coronavirus swept the country, employees at HCA repeatedly complained that the company was not providing adequate protective gear to nurses, medical technicians and cleaning staff. Last month, HCA executives warned that they would lay off thousands of nurses if they did not agree to wage freezes and other concessions.

A few weeks earlier, HCA had received about $1 billion in bailout funds from the federal government, part of an effort to stabilize hospitals during the pandemic.

HCA is among a long list of deep-pocketed health care companies that have received billions of dollars in taxpayer funds but are laying off or cutting the pay of tens of thousands of doctors, nurses and lower-paid workers. Many have continued to pay their top executives millions, although some executives have taken modest pay cuts.

HCA is the devil. No other way to put it.

The mad amounts that hospital chains make is staggering.

I read a while back that one has its own hedge fund for their profit management.

When you have your very own hedge fund I think you don't have a need for a bail out.