Tag Archives: irs

Stimulus Confusion Benefits and Blues

Little Rock      These are times like we have never seen before in the United States.  The government is actually giving almost all of us some money up to $1200.  If we’re among the eighteen million and rising “vast army of the unemployed,” we can get our check plus $600 per week for a time.  I know I’m not the only one who is confused, because I get questions hither and yon on a daily basis.  All of that is what we believe to be true, but, as always, the devil is in the details, so let’s look Satan in the eye, and see if we can get our feet on solid ground somewhere.

Let’s start with the one check to almost all.  First, if your income has been so low that you have not been filing, you need to get your paperwork into the IRS, so that they can transfer money to your account.  If you are on social security, railroad retirement, or other federal benefit programs, it will be automatic for you because your number and account information is already known.  If you have a question, the IRS has a site that might work for you called:  https://www.irs.gov/coronavirus/get-my-payment.  I can’t guarantee that it will work, but it might help if you’re not sure of your situation.

Much is made of the $1200 bump.  If you made less than $75,000 as a single filer, you get it all or $150,000 as a joint filer with a spouse.  You will still get something between $500 and $1200 if you made less than $100,000 or $200,000 filing jointly, as I read it.  If you have children under 17 years of age, you will get another $500.  If they are over 17, but you are still claiming them as exemptions, you get nada for them, and they don’t get anything for themselves either.

These payments do not count against your food stamp eligibility, but the expanded unemployment, the extra $600 per week will count against SNAP levels, although they will not affect Medicaid and CHIP program eligibility.  The $600 bump is good from April 4th until July 31st, about 16 weeks.  If you applied by then, but haven’t received the additional money, your money will be paid back to the application date.  Unemployment has been expanded to 39 weeks, as I read it which is basically throughout 2020, and you can hope a bump will be added, but that is not in any of the packages that have been passed to date.

If you have been self-employed, an independent contractor, a gig worker or in whatever situation where an employer was not paying into the state unemployment fund, in a real breakthrough you will qualify for unemployment benefits under the package.  Additionally, the headline on the applications that I have seen indicate that if you have been laid off or furloughed because of Covid-19, you will not be required to do a job search.  This is all new ground for the states, so there may be some early slips between the cup and the lip, but hang in there until you get paid.

I hope this helps cut through some of the info-fog about all of this.  We’ll keep at it!


More Greenwashing by the Rich

New Orleans     Cases continue to mount, marching forward on an almost daily basis, where we watch the rich attempt to greenwash their wealth and reputations for their private interests and tax benefits and distort the privileges that are claimed by philanthropy.

Ghislaine Maxwell, sometime consort and alleged pimp for Jeffrey Epstein and perhaps an heir to a controversial British publishing fiasco owned by her father until irregularities cropped up after his death, headed a US foundation briefly as she tried to distance herself publicly from Epstein after he did time in 2008 for soliciting underage women for prostitution. The foundation TerraMar, whose name signaled an interest in land and sea, claimed to want to advance the health of the ocean, given Maxwell’s love of yachts. IRS filings indicate that the foundation made no grants during its first five years from 2013 to 2017 according to its 990s, as reviewed by The New York Times. One of her friends was quoted as saying it seemed in one case to be “reputation management,” and another seemed to indicate that the foundation was perhaps more about conserving Maxwell’s reputation as it was conserving the ocean. Of course she may have also been taking a page from his book, since he was a big donor to various scientific efforts and Harvard for his own reputational whitewashing campaign forcing some big whoops to apologize for hanging with him.

Admittedly, these are sordid examples of perverse philanthropy perhaps, but I wonder how different than the usual, and for many of these self-proclaimed philanthropists, how much is ever in the public interest?

Make no mistake. The Internal Revenue Services provides its most favorable ruling of a 501c3 public charity providing a tax exemption for donations for organizations operating in the public, rather than private interest, involving public health, education, and community benefits.

All of this greenwashing of the rich and elite has gotten more attention thanks to the infamous Sackler family that pulled billions out of Purdue Pharma, the notorious manufacturer and hawker of opioids that have killed thousands. Various world-class museums including the Louvre in Paris and the Tate in London, have pulled back from the family or taken their names off the door, so to speak, though few have returned any of the millions they received. Now a fellow was pushed off the board of the Whitney Museum because he made his pile partially by manufacturing tear gas used on protestors around the world. The notorious rightwing, anti-democratic Koch family has their names on many of these cultural institutions for their contributions and does so with impunity, so this is all more window washing, rather than a deep clean.

Now the rich are whining because a boycott was announced of SoulCycle and some other investments by billionaire Steven Ross a primary investor there, real estate mogul, and owner of the Miami Dolphins, because he was hosting a $250,000 a ticket fundraiser for Donald Trump at his place in the Hamptons. Some of their board buddies defend him and others of the tribe loudly for their interest in education, art, opera or whatever, claiming that politics is getting muddled into philanthropy.

Wow, what a specious argument! As the Times’ “Wealth Matters” columnist was forced to admit, “Their resources and connections can influence the decisions of institutions managed for the public good….” Well, yeah! And, it’s not “can,” but DO influence the decisions. Why mince words. The public good is not their private interest or, heaven forbid, that of their elite friends who are also enamored of the opera, arts, or wherever they are claiming social capital and a tax exemption for greenwashing their personal reputation and cleaning up the damage they do to the public in minting their money. You could count on Ross to threaten his football players when Kaepernick was kneeling, and he did. You can count on the Koch’s to do everything they can to damage the climate, if it pads their pockets, and to destroy democracy at every opportunity.

As the superrich club bemoans the lack of gratitude from hoi polloi, whether it’s donor-directed funds or their tax-exempt think tanks or their general buddy-buddy greenwashing efforts with their fellow rich elites, there’s no question that whether it’s the Whitney or some small nonprofit, when are they going to admit that they are the piper playing the tunes, and they expect all these people to dance. It’s all transactional for them, so why not stop pretending it has anything to do with benefiting the public.

Let the protests continue!