War Room Lounge v153: Without Floyd it's an amazing sport.

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Oh I fully intend on fucking it up in spectacular fashion.

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I'm taking a shot just to see if I have any idea what I'm talking about; i.e. I don't care at all if I'm wrong since I will learn from being corrected:
Usually, a tax credit of x amount reduces your tax payable (as opposed to your taxable income, and note I might have this exactly backwards) so in this case, it would theoretically be an amount that comes off your 2020 tax payable but they will have already paid it to you so it will actually be cancelled out and your payable tax stays the same.

In other words, it's for bookkeeping purposes and has literally no effect on you personally whatsoever.

Bingo.

It's a refundable tax credit that was paid out before you filed your tax return and is not subject to any clawback provisions.
 
Well you finally posted something worthwhile.

A cold mango in hot weather is as good as it gets. Doesn't even matter that it's impossible to eat and not make a mess.

You ain’t kidding! Enjoying one now

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Hey we can agree on something on at least. Not only are they refreshing, they make you a cunning linguist as well haha

My other favs
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I can survive on these for a lifetime if need be
 
WE ARE ONE MONTH AWAY FROM THE NFL BEING BACK!!! (Yes I'm optimistic)

That said.... WHO'S UP FOR WAR ROOM FANTASY FOOTBALL SEASON 2?!?

Last year was a hard fought battle, were we saw the red and blue blooded Americans almost unanimously squash the pitiful kneelers.

@Broke Lester was our innagural champion followed by @MMAisGod in 2nd and @HockeyBjj in 3rd. @sickc0d3r was the best performing from the lefty division at 4th. @Trotsky followed at 5th then @Gregolian and poor @Lowmanproblems in 7th who had to play in the big boy's conservative division. @zebby23 , @PolishHeadlock2 , and finally @kpt018 rounded out the kiddie table liberal side.

We'd also like to bump up the number of teams from 10 to 12, and poor @zebby23 passed away during the offseason (I hear his ghost may yet be around to still play). @AnGrYcRoW I know you showed interest before, any other loungers or war roomers like to join? No money, just bragging rights and smack talk. Loser has to wear an avatar chosen by the victor/league from the end of the fantasy football season until after the Superbowl. @kpt018 had a very sexy Ted Cruz pink unicorn avatar announcing boldly that he did indeed suck at fantasy football.

Returners, quote or PM me if you're still in to play. Anyone new, quote and preferably PM as well so that I don't risk losing you or missing someone. Platform is Yahoo. I'll probably edit this post here for a roll call to keep track.

Hockey in. Crow in. Greg in. Broke in. Polish in. KPT in.

Obv I'm in
 
You can have anything imported these days man

Yeah, I get them at the grocery store but generally they aren't near the same quality you would get if you bought locally. They dont ripen as well or have the same aroma and flavor be cause they were shipped over "green".
 
So, someone that understands economics/finances more explain something to me....

if the stimulus checks we have received so far (and the proposed one that the dipshits in DC couldn't come to an agreement on last week) are considered "advanced tax credits".... does that mean we will owe more on taxes in 2021 or are they like a loan we don't repay?

I hate trying to understand this shit.
You do not owe anything. it is a direct stimulus payment.

Sorry, scrolled further and saw this was answered better than I did.
 
You do not owe anything. it is a direct stimulus payment.

Sorry, scrolled further and saw this was answered better than I did.
I went down the unfortunate rabbit hole of what a payroll tax credit/cut would do and ended up confusing myself.
 
I went down the unfortunate rabbit hole of what a payroll tax credit/cut would do and ended up confusing myself.
No worries. I have just seen a ton of articles that start with, No, you will not have to pay it back.
 
No worries. I have just seen a ton of articles that start with, No, you will not have to pay it back.
Other than political grandstanding about it, has there been any developments about Congress doing something given the executive orders getting signed over the weekend?
 
Other than political grandstanding about it, has there been any developments about Congress doing something given the executive orders getting signed over the weekend?
Not yet, pretty sure they are off til tomorrow.
 
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