Who's left...

[fjlip]

Who is deferring payable 2019 corporate and/or personal income taxes? Who is deferring payable 2020 corporate and/or personal income tax instalments?

Postponing the inevitable......

Well Corp installment sent last year, too late for those, 2020 personal taxes owing and Corp installments due Aug 31.

[longmire]

stop buying chineese shit,sk farmer is right we can do it on our own unfortunattly america will have to fight a war with china it;s gauranteed.

[rumrocks]

This is a little bit over simplified, but there is some truth to it . . . . . .



.. HOW A STIMULUS PACKAGE WORKS ..

It is a slow day in the small Saskatchewan town of Pumphandle, and the streets are deserted.

Times are tough, everybody is in debt, and everybody is living on credit.

A tourist visiting the area drives through town, stops at the motel, and lays a $100 bill on the desk saying he wants to inspect the rooms upstairs to pick one for the night.

As soon as he walks upstairs, the motel owner grabs the bill and runs next door to pay his debt to the butcher.

The butcher takes the $100 and runs down the street to retire his debt to the pig farmer.

The pig farmer takes the $100 and heads off to pay his bill to his supplier, the Co-Op.

The guy at the Co-Op takes the $100 and runs to pay his debt to the local prostitute, who has also been facing hard times and has had to offer her “services” on credit.

The hooker rushes to the hotel and pays off her room bill with the hotel owner.

The hotel proprietor then places the $100 back on the counter so the traveler will not suspect anything.

At that moment the traveler comes down the stairs, states that the rooms are not satisfactory, picks up the $100 bill and leaves.

No one produced anything. No one earned anything ..
however, the whole town is now out of debt and now looks to the future with a lot more optimism.

And that, ladies and gentlemen, is how a Stimulus Package works.

[15444]

The 10% wage subsidy does apply to farmers. The 40,000 loan (30,000 to be repaid) is based on your business T4 Summary and payroll size. They changed it on Friday to allow more to qualify. If your payroll for 2019 was between 20,000 and 1.5 million, you qualify. I applied for this one Friday....took 10 minutes.

Is that what I am supposed to call the two nickles in the mason jar at the end of the year?

[TSIPP]

This is a little bit over simplified, but there is some truth to it . . . . . .



.. HOW A STIMULUS PACKAGE WORKS ..

It is a slow day in the small Saskatchewan town of Pumphandle, and the streets are deserted.

Times are tough, everybody is in debt, and everybody is living on credit.

A tourist visiting the area drives through town, stops at the motel, and lays a $100 bill on the desk saying he wants to inspect the rooms upstairs to pick one for the night.

As soon as he walks upstairs, the motel owner grabs the bill and runs next door to pay his debt to the butcher.

The butcher takes the $100 and runs down the street to retire his debt to the pig farmer.

The pig farmer takes the $100 and heads off to pay his bill to his supplier, the Co-Op.

The guy at the Co-Op takes the $100 and runs to pay his debt to the local prostitute, who has also been facing hard times and has had to offer her “services” on credit.

The hooker rushes to the hotel and pays off her room bill with the hotel owner.

The hotel proprietor then places the $100 back on the counter so the traveler will not suspect anything.

At that moment the traveler comes down the stairs, states that the rooms are not satisfactory, picks up the $100 bill and leaves.

No one produced anything. No one earned anything ..
however, the whole town is now out of debt and now looks to the future with a lot more optimism.

And that, ladies and gentlemen, is how a Stimulus Package works.

And don’t forget, the government charges a 30% tax on all those transactions.

[redleaf]

One important detail in that story is the fact that the hotel keeper is out the $100 that the hooker paid him.

[rumrocks]

One important detail in that story is the fact that the hotel keeper is out the $100 that the hooker paid him.

good point.

[burnt]

One important detail in that story is the fact that the hotel keeper is out the $100 that the hooker paid him.

How? He is better off by $100 since his payables went down that amount?

Not that I find the original analogy all that convincing as a model of sound economics.

[redleaf]

How? He is better off by $100 since his payables went down that amount?

Not that I find the original analogy all that convincing as a model of sound economics.

Yes you are right when I think about it.
The townspeople could have done the whole thing without the tourist with a money order or a cashier’s check.

[Richard5]

One important detail in that story is the fact that the hotel keeper is out the $100 that the hooker paid him.

He is only out the room rent of a new customer. He already owed some one else a $100 so really is not out anything.

The world really goes round and round just like this. No comment on hooker involvement