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Incidentally, US leisure economists are still flogging the virtues of BoJo's "80%" wage guarantee (as if unconditional), while desemminating false or incomplete instructions on how to collect 1x CARES Act $1,200 BONUS "advanced refund" check and "apply" for $600/wk BONUS UI benefit checks (first 4 mo. only of regular "benefit year"). This helps divert US bipartisan heat under diverging states' stingy UE laws, which supercede fed CARES regulation. Possibly the fact all UI income is always and still taxable or the advanced refund check ≠ 100% std deduction.
Treasury began automatic direct deposits Sat., 4/11. Because std interbank ATM delay, account credit will hit Wed, 4/15 (per effective date of the act). For everyone else ("typical nonfiler", income < $12.2K) Treasury has opened a dedicated IRS Free File online app to register SSN#, address or deposit account until 31 Dec 2020. Remember the Free File lobby flap last year?
Legal permanent residents, or green card holders ["immigrnts"], are expected to benefit. Roughly 4.3 million mostly [?!] unauthorized immigrants who do not have a Social Security number file taxes using what's known as a taxpayer identification number, according to the Institute on Taxation and Economic Policy.
archived Sat Mar 21st, 2020
Stimulus packages around the world:UK: 80% of workers' salariesDenmark: 75% of workers' salariesS Korea: 70% of workers' salariesNetherlands: 90% of workers' salariesCanada: $2k per monthAustralia: $1k per monthUS: One time $1200 check that may take months to arrive— Nate Lerner (@NathanLerner) April 10, 2020
Stimulus packages around the world:UK: 80% of workers' salariesDenmark: 75% of workers' salariesS Korea: 70% of workers' salariesNetherlands: 90% of workers' salariesCanada: $2k per monthAustralia: $1k per monthUS: One time $1200 check that may take months to arrive
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