PPP (Paycheck Protection Program)

mrussel1 · April 2020

myoung321 said:

mrussel1 said:

static111 said:

myoung321 said:

I'm very happy seeing some members getting a little help.. Congrats... !

With that in mind... Now go back to some of your own posts and read your comments about how awful Social programs are or how we can't afford things like Medicare 4 All or Higher Education? We obviously can... it's a matter of priorities..

Maybe the good that can come out of this is more empathy for those that are less fortunate or those taken advantage of in our society. (Like those working without healthcare or not making enough to afford overpriced healthcare insurance )

*sarcasm*
Duh the answer is to just quit whining and get a corporate job with an employer subsidized health plan, because that is real choice. *sarcasm*

Why don't you support a person choosing whether they have gov't or employer based insurance? Does what works for you have to work for me?

Insurance? Insurance.... How'about just healthcare without the "Insurance" part? We've covered this and you seem to never get it.

Your care with your "Insurance" is the same care as someone with Medicare or any other "Insurance".. the difference is how we as a society pay for it.. Keeping it attached to a particular job is not a sustainable system, We've proved that..

After WWII companies actually competed against each other with benefit packages to persuade people to come work for them. Not a thing today...

That's why I said "government"...

brianlux · April 2020

myoung321 said:

"No Socialism in America!! and.... you better not touch my Social Security Checks or Medicare benefits!!"....

Notice the glazed look in the eyes:

Image: https://soldiersystems.net/blog1/wp-content/uploads/2012/07/Medicare-keep-your-hands-off-my-medicare.jpg

mrussel1 · April 2020

brianlux said:

myoung321 said:

"No Socialism in America!! and.... you better not touch my Social Security Checks or Medicare benefits!!"....

Notice the glazed look in the eyes:

I bet that's fake. The woman looks too young too young to be on Medicare.

brianlux · April 2020

mrussel1 said:

brianlux said:

myoung321 said:

"No Socialism in America!! and.... you better not touch my Social Security Checks or Medicare benefits!!"....

Notice the glazed look in the eyes:

I bet that's fake. The woman looks too young too young to be on Medicare.

Could be, M. Let's try again:

https://www.huffpost.com/entry/get-your-goddamn-governme_b_252326

mrussel1 · April 2020

brianlux said:

mrussel1 said:

brianlux said:

myoung321 said:

"No Socialism in America!! and.... you better not touch my Social Security Checks or Medicare benefits!!"....

Notice the glazed look in the eyes:

I bet that's fake. The woman looks too young too young to be on Medicare.

Could be, M. Let's try again:

https://www.huffpost.com/entry/get-your-goddamn-governme_b_252326

Yes that one was real. I remember when Obama would bring it up and snicker.

myoung321 · April 2020

mrussel1 said:

myoung321 said:

mrussel1 said:

static111 said:

myoung321 said:

I'm very happy seeing some members getting a little help.. Congrats... !

With that in mind... Now go back to some of your own posts and read your comments about how awful Social programs are or how we can't afford things like Medicare 4 All or Higher Education? We obviously can... it's a matter of priorities..

Maybe the good that can come out of this is more empathy for those that are less fortunate or those taken advantage of in our society. (Like those working without healthcare or not making enough to afford overpriced healthcare insurance )

*sarcasm*
Duh the answer is to just quit whining and get a corporate job with an employer subsidized health plan, because that is real choice. *sarcasm*

Why don't you support a person choosing whether they have gov't or employer based insurance? Does what works for you have to work for me?

Insurance? Insurance.... How'about just healthcare without the "Insurance" part? We've covered this and you seem to never get it.

Your care with your "Insurance" is the same care as someone with Medicare or any other "Insurance".. the difference is how we as a society pay for it.. Keeping it attached to a particular job is not a sustainable system, We've proved that..

After WWII companies actually competed against each other with benefit packages to persuade people to come work for them. Not a thing today...

That's why I said "government"...

And once again... What does that mean? There are no Government Hospitals for Medicare... It's the same Doctors... Same Hospitals.. etc etc..

You're confusing "Healthcare Insurance" with actual Healthcare... two different things.. and here lays the problem. People have been programmed to think they're one in the same.

If you're getting the same exact care as anyone else, then why would you prefer the type of system that does not cover a large portion of the society you live in?

mrussel1 · April 2020

myoung321 said:

mrussel1 said:

myoung321 said:

mrussel1 said:

static111 said:

myoung321 said:

I'm very happy seeing some members getting a little help.. Congrats... !

With that in mind... Now go back to some of your own posts and read your comments about how awful Social programs are or how we can't afford things like Medicare 4 All or Higher Education? We obviously can... it's a matter of priorities..

Maybe the good that can come out of this is more empathy for those that are less fortunate or those taken advantage of in our society. (Like those working without healthcare or not making enough to afford overpriced healthcare insurance )

*sarcasm*
Duh the answer is to just quit whining and get a corporate job with an employer subsidized health plan, because that is real choice. *sarcasm*

Why don't you support a person choosing whether they have gov't or employer based insurance? Does what works for you have to work for me?

Insurance? Insurance.... How'about just healthcare without the "Insurance" part? We've covered this and you seem to never get it.

Your care with your "Insurance" is the same care as someone with Medicare or any other "Insurance".. the difference is how we as a society pay for it.. Keeping it attached to a particular job is not a sustainable system, We've proved that..

After WWII companies actually competed against each other with benefit packages to persuade people to come work for them. Not a thing today...

That's why I said "government"...

And once again... What does that mean? There are no Government Hospitals for Medicare... It's the same Doctors... Same Hospitals.. etc etc..

You're confusing "Healthcare Insurance" with actual Healthcare... two different things.. and here lays the problem. People have been programmed to think they're one in the same.

If you're getting the same exact care as anyone else, then why would you prefer the type of system that does not cover a large portion of the society you live in?

If you're advocating for government hospitals, you can count me out now. we have one example in that today... the VA. I don't wish that care on anyone.

I know the difference between care and insurance. Im not ignorant. What I don't know is precisely what you're supporting. Im supporting a person being able to choose between government insurance and private insurance.

gimmesometruth27 · April 2020

how long until the next one runs out?

mrussel1 · April 2020

gimmesometruth27 said:

how long until the next one runs out?

Apple is eating the whole thing

gimmesometruth27 · April 2020

mrussel1 said:

gimmesometruth27 said:

how long until the next one runs out?

Apple is eating the whole thing

really? how can that be allowed to happen?

i saw trump mentioned the ceo the other day but did not really pay attention beyond that.

mrussel1 · April 2020

gimmesometruth27 said:

mrussel1 said:

gimmesometruth27 said:

how long until the next one runs out?

Apple is eating the whole thing

really? how can that be allowed to happen?

i saw trump mentioned the ceo the other day but did not really pay attention beyond that.

Just kidding... however... the friggin LAKERS received funds! They've returned it but they are probably worth a few billion!

brianlux · April 2020

I'm pretty much lost hope of going back to work any time soon or of getting any PPP, so I re-opened my on-line book presence. Our Post Office seem pretty safe and we take all the necessary precautions. But the hassles of selling a book here and there now days is crazy- gloves, mask, hand sanitizer, waiting to go in when it's slow. All for a few bucks. But at least I don't feel like a worthless piece of shit without a job. What a weird life this is!

I am a patriot · May 2020

Ummm...this doesn't make sense. IRS not allowing deductions for items paid with forgivable PPP loans.

Hopefully Congress gets their shit together and fixes.

https://www.forbes.com/sites/robertwood/2020/04/30/irs-denies-tax-deductions-for-wages-rent-paid-with-forgivable-ppp-loans/

rgambs · May 2020

I am a patriot said:

Ummm...this doesn't make sense. IRS not allowing deductions for items paid with forgivable PPP loans.

Hopefully Congress gets their shit together and fixes.

https://www.forbes.com/sites/robertwood/2020/04/30/irs-denies-tax-deductions-for-wages-rent-paid-with-forgivable-ppp-loans/

The PPP is supposed to cover payroll for struggling businesses. It's not an investment tool for growing a business, it's an emergency measure to stay afloat. A substantial amount of the businesses that took this loan never needed it, such a shame.

mrussel1 · May 2020

rgambs said:

I am a patriot said:

Ummm...this doesn't make sense. IRS not allowing deductions for items paid with forgivable PPP loans.

Hopefully Congress gets their shit together and fixes.

https://www.forbes.com/sites/robertwood/2020/04/30/irs-denies-tax-deductions-for-wages-rent-paid-with-forgivable-ppp-loans/

The PPP is supposed to cover payroll for struggling businesses. It's not an investment tool for growing a business, it's an emergency measure to stay afloat. A substantial amount of the businesses that took this loan never needed it, such a shame.

Yeah I agree. It's a forgivable loan and you don't even have to treat the forgiveness as income. So doubling down and making it a deduction seems over the top. I mean we have to get SOME tax dollars in the door.

Gern Blansten · May 2020

It makes perfect sense....I agree that the "forgivable loan" verbiage was confusing but I was shocked at the number of CPAs in some of our network groups that were convinced that the business could deduct payroll and not include the proceeds as income. Ridiculous.

It is kind of amazing though that there is no repayment provision for businesses that were not affected by the virus. I have an auto repair client that is having a kickass year so far. People are having things done to their vehicles because they are off work and can do without them....they didn't expect this but now they have this PPP loan coming in on top of their sales.

They really should have had some sort of repayment provision based on revenues for March/April/May, etc.

Gern Blansten · July 2020

https://www.rollingstone.com/pro/news/eagles-pearl-jam-guns-n-roses-ppp-loans-1025111/?fbclid=IwAR0_MuJCti2oXeubx-mIWJwluKkYLEaXVqjj5sGTfOBvEeYyvIul9J2K05c

nicknyr15 · July 2020

So how does everyone feel about PJ taking a ppp loan?

static111 · July 2020

As long as they used it to pay their people and they had no other way to pay them I’m good.

Gern Blansten · July 2020

static111 said:

As long as they used it to pay their people and they had no other way to pay them I’m good.

Well.....like many other "businesses" they likely had other ways to pay them. I won't fault them for utilizing a program that they qualified for. I got a PPP loan and arguably didn't need it.

The problem isn't so much with the businesses that obtained the loans...it's that the gov't left the repayment provisions so open ended that it's free money.

PPP (Paycheck Protection Program)

Comments

Categories