Manche757

The Care Act will release large amounts of money to keep our economy from collapsing. That is huge. What does that mean to you and to me? Since this is an automotive crowd, I will alternate comments about TCA with automotive ones for things you know with ones you might not know. Some things you know: The battery in your truck provides power to turn an electric motor that spins the alternator that provides power to spark plugs and turns the engine until it starts and runs on its own. The Federal Reserve System protects our money supply, stabilizes the economy within parameters and regulates the banking system. More things you know: The battery in your truck stores 12 volt direct current and provides enough reserve to start a functioning engine before it runs out of power. The starter on MJs draws about 1.5kw (kilowatts) at 12 volts. That is roughly 12.5 amps. If that motor ran on 120 volts that you have in your home, it would not need that fat cable and would easily run on a 15amp circuit you plug your lamps into and would take about the same amount of current that an electric iron uses. 20,000 to 25,000 volts are needed at the spark plugs to explode gas vapor in the cylinder. The alternator converts DC current to AC current and the coil, which is a transformer, increases the voltage to what is needed. There are two ways the government regulates to stabilize the economy. One is Monetary Policy, which is the domain of the Federal Reserve System. Fiscal Policy refers to raising or lowering taxes and is done by the congress and the president. Most of what is in place today has developed over the last 90 years. When the economy is perceived as “strong”, “expanding”, “bullish”, and etc. there tends to be inflation so the Fed will increase interest rates to slow down borrowing and spending. Alternatively, income tax rates could be raised to slow down spending. Practically both are used. There are some inefficiencies in both. One in particular is it can take Congress a while to pass changes to tax rates and the boom or recession could have reversed on its own by the time the changes take effect. When you hear the Fed has changed interest rates, that is the rate they charge the most financially healthy banks. And some more: The alternator provides power to sustain the engine while running and to recharge the battery at the same time. The battery is DC current and needs to receive a constant DC stream. The alternator does that also. Diodes in the alternator create the steady DC stream and alternating current is not sent to the battery. When the economy is shrinking in a mild way it is called a recession and when it is extreme, a depression is the results. As the economy cools off, the Fed will release more money into the economy. While you might have a mortgage on your house or a promissory note on your car, truck or boat, the US Government has treasury bonds, notes and bills. Recently, the Fed chairman stated the Fed is buying back debts to increase the money they pay out to bond holders who will then have the money to spend. Many think Federal debt is bad but there are advantages. Individuals can buy Federal Reserve bonds, notes and bills. In financial circles those are considered to be zero risk Where we are now and the intent to keep us there: The economy is mostly strong but faced with a likely collapse if not headed off. More is known now about how to accomplish that than 100 years ago. Prior to the Great Depression that began in 1929, life was good. Paper boys traded stocks. Prices kept going up and up and nearly everyone investing made money. Stocks, which represent ownership in corporations, rose to prices that exceeded the worth of the companies. The economy collapsed, which is what everyone wants to head off today. There was a 25% unemployment rate. It might seem counterintuitive but banks, despite all the failures, had money to lend but businesses would not borrow because they did not have a steady stream of paying customers. 1933 was the bottom year of the depression. Businesses did not even replace equipment that wore out; there was net negative capital investment. In 1933, the Securities and Exchange Commission came about to regulate first the issuance of new security offerings and the next year to regulate the sale and purchase of previously issued securities. Imagine a circle; on the outer edge of the circle is the production frontier. Business is good. Mostly everyone has a job that wants one. On average everyone has optimal goods and services. During recession/depression, the economy operates deep inside the circle. More are unemployed. Businesses have fewer paying customers. On average everyone has less. That is why the huge payouts are coming. In the 1930s, while FDR was president, no one knew how to solve the problem. An English economists by the name of John Maynard Keynes convinced FDR to “prime the pump”, to spend money we did not have. Public works projects were created to put people to work. Public parks, roads, theaters and more were built. The deficit spending was not enough to get us out of the depression though. It took the massive deficit spending on WWII to get us out of the great depression. Today the economy has not collapsed and the great push is to get the money into the hands of spenders quickly to sustain businesses that in turn can pay employees that can spend to keep the system going. The comments you hear about getting the money out fast is to prevent the collapse from happening; to keep the economy rolling right along. For those that have not had enough: MPC is the Marginal Propensity to Consume (often estimated at 80%) means that the average person will spend 80% of their income and save 20% MPS is the Marginal Propensity to Save (often estimated at 20%) A formula exists that estimates that if one person spends $1, it creates $5 of economic activity. A person spends a dollar at the store. The store pays its employees and suppliers so that they in turn pay others. "Only thing we have to fear is fear itself" From FDR's first inaugural address in 1933 Some rousing words in his own voice: http://historymatters.gmu.edu/d/5057/

Only if you itemized in the year that created the state refund must you claim that state refund on your Federal return in the year received. Federal refunds are not taxable. Governor Whitmer Signs Executive Order Changing City, State Income Tax Filing Deadlines to July 2020 FOR IMMEDIATE RELEASE March 27, 2020 Governor Whitmer Signs Executive Order Changing City, State Income Tax Filing Deadlines to July 2020 Taxpayers Must Submit State and City of Detroit Income Tax Returns, Payments by Midnight on July 15 LANSING, Mich. – Today, Governor Gretchen Whitmer signed Executive Order 2020-26, which pushes all April 2020 state and city income tax filing deadlines in Michigan to July 2020, as a part of continued efforts to help Michiganders during the COVID-19 pandemic. Effective immediately, state of Michigan and city of Detroit income tax returns and payments due on April 15 are now due before midnight on July 15. Other state of Michigan cities with income taxes due on April 15 will now be due on July 15, while cities with income taxes due on April 30 will now be due on July 31.

The $1200 stimulus payments are not taxable. If your income is not over $75,000 for a single persons or $150,000 for married couples you should get the whole amount. The payments have nothing to do with being unemployed. If your income is too high to qualify for the payment but drops this year so that you do qualify, you should get the payments when you file your tax return for 2020.

Yesterday, a 31 page document was released that benefit businesses that continue to pay salaries to employees and other expenses. There are loans available to businesses that do not have to be repaid as long as they continue to pay employees. Loan payments on existing SBA loans will be paid by the SBA for 6 months. Hopefully, businesses will avail themselves of these and other benefits to avoid further layoffs. Those that own businesses should investigate that. Employees might mention it their employers. For older individuals that have retirement accounts and do not want to take RMDs, Required Minimum Distributions, because portfolio values have dropped, you do not have to take the RMD. For those with retirement accounts that are under age 59 1/2 that need to withdraw funds, the usual 10% penalty has been waived. You will be able to pay tax on the distribution over 3 years or pay it back, if you chose, over a longer period than usual. For those that receive Social Security Income but have not filed returns in recent years, you will not have to file a return as previously announced because your direct deposit account numbers are known.

Looks awesome. As I read it, I wondered if you have tried it with venison. Deer in particular.

Is that laminated wood strip on the door panel original to the panel? It looks great with the wood grain dash bezel.

Yes, you would have to sign for it. Scamming, phishing. The IRS will not be calling or emailing you.

Those letters are sent out by artificial intelligence. Computers are programmed to send those out weeks in advance. If you get a certifed mail one, call about it. There is almost no one at the IRS now. Higher ups told most remaining people to evacuate.

I did not comment previously but there will be non-recourse loans available to business. Nonrecourse means that you would not have to repay the loan if the business fails. You would have to keep employees on the payroll. There are also some provisions to reimburse business for keeping employees on the payroll.

This is based on current things as they stand: you will get $1200 with no offset for amounts you owe. The Trump mafia is saying about 3 weeks. The $1200 is not a loan; there is to be no repayment. Collections efforts are to be put on hold. Installment agreement payments can be delayed. Edit: There may be offset for unpaid child support.

For the sake of clarity, the $1200 payment per individual is totally separate from unemployment payments. You can get one or both

By now you probably know that IRS tax returns and tax payments normally due April 15 will be due July 15. If you make estimated quarterly tax payments, the Federal payment due April 15 will be due July 15. The due date for the June 15 payment has not been extended at this time. Each state decides delayed due dates for returns and payments. Edit: June 15 estimated tax payments are now due July 15 also.

As stated in the beginning all of this is still evolving. If this doesn't work out, we all move in with Pete

If your income was above the cutoff amounts in 2019 but are now very reduced, you will not get the $1200 individual payment; $2400 for married couples.

Unemployment benefits you receive will be taxable in the year received.

At this time, we are waiting for a system to be made to disburse the payments. In the mean time get your 2018 return efiled (file electronically), if you are delinquent. Find your way around the site for the emplopment commission for your state. Find your W-2 for 2019 if you have not filed. Keep your latest paystub handy, you may need it.

Self-emloyed people generally do not qualify for unemployment compensation. They will qualify for benefits now. Both for the state amount and for the additional $600 per week. For those that work out of your home, you will NOT qualify to get unemployment payments for the self employed. If you work out of a separate building on you property consider getting advice regarding this. Hope these comments help and provide comfort regarding loss of income.

Unemployment benefits are administered by state agencies generally. The one week wait often rwquired has been eliminated. You will need to apply each week. The amount you are entitled to will vary depending on which state you live in. In addition to that amount, an additional $600 will be paid. You will not have to be looking for a job as is usually the case. The average pay in the country is thought to be $1000 and that amount is targeted.

Times are uncertain as we moved deeper into the grip of the Corona Virus. US deaths now are around 2500. Estimates are that between 100,000 and 200,000 may die, if preventative social distancing and other good medical practices are followed. Things are just starting. Enough of that. Last night, I read through much of the literature about the benefits that should be coming. I place a caveat on these comments because things are still evolving but thought this much might be helpful to those whose income is uncertain now. $1200 will be sent to each person whose income is not over $75,000 per year. $150,000 for married couples. Whether you are working or not won't matter. If you are getting Social Security, that will not prevent you from getting these payments. If you income is between $75,000 and $99,000 for single individuals, the amount will be gradually reduced until phased out completely. The range for phase out for married couples is from $150,000 to $198,000 per year. Children will be entitied to an additional $500. If you can be claimed as a dependent by someone else, you will not get $1200. It is expected that filed federal income tax returns will be looked at for income levels and for your bank account information to be used for direct deposit. If you have not filed for 2019, your 2018 return will be used. If you have not filed returns for several years, you should file your 2018 return quickly.

Google indicates that I am 1,085 miles from Success, MO. I only know what is in the workshop of our fine CC member, Mr. Greg Schardein by asking questions. Although if you had your electric panel in your shower, chances are you would never be electrocuted. I see electrical codes as minimums, not something to cheat or beat. If a homeowner takes plumbing short cuts, his house might get flooded. Electrical shortcuts can lead to fires and death; fortunately that does not happen often. I have known of high voltage electrocution of a man with two two young sons and wfe. Known someone that had their electrical panel blown out of their wall by a lightening strike to a poorly grounded panel. I have seen an overloaded power cable burst in flames. I have seen connections to the hot side of a breaker by a home owner that did not know better. GS stated his workshop feeds from a power pole and the shop was used commercially by a prior owner. Usually homes have two phase electric service and three phase service is not allowed. Large homes being built here now have two 200amp two phase panels. Most commercial and industrial locations have 3 phase service even if it does not seem necessary. The 100 amp electrical panel in his shop looks to be in good condition. His comments support that. It is a little suprising that a 200 amp panel was not installed originally if it is relatively new. The difference in original cost would have been minor. If three phase, there would be a third bus bar carrying 110 volts.

Multiple question but will not put them out there at once. Is that panel 220 single phase and not 3phase? Add up the total amps on all the breakers as it is before you change anthing Your welder plug AND the recepticle plug look to be single phase. Look at the plate on your welder. What does it state?

I am planning to have body work and painting done on an 87MJ in May and want to have any underbody coating/painting done before that. A discussion thread of what some of you have done and the results would be helpful to us all. After all mechanical work has been done, what have you done to seal up things from the weather and winter hazards?

19% off of everything! View this email in your browser Announcing our first sale ever! In these unique times, there's a lot of uncertainty and confusion all over the world. We want the classic car community to know that we're still here and we're going to get through this with you. Local government restrictions put in place to minimize the COVID-19 outbreak have limited the amount of workers we can have in our building, and will likely limit our manufacturing and order fulfillment, but we are still open for business! In fact, we've been in business for 43 years, and we have NEVER once had a sale on all of our products. That's exactly what we're announcing today. From now until the time we are allowed to resume full operations, we are offering 19% off of all products when you place a new order and mention this email. That's 19% off of cloth, vinyl, leather, seat covers, door panels, carpet sets, headliners, vinyl tops, trunk lining, EVERYTHING. >> Email us right now to get your order started! << So if you've got a car you're working on, or you've got a car you've been thinking of working on down the road, NOW is the time to buy your interior. This truly is a once in a lifetime special, and it won't last very long (we hope). So e-mail us or give us a call at 503-263-3535 today and let's get your car looking like new! >>> To claim your 19% discount, you must mention this offer when you place an order! <<< Copyright © 2020 SMS Auto Fabrics, All rights reserved. You are receiving this email because you opted in on our website's sample request form or you have purchased from us in the past. Our mailing address is: SMS Auto Fabrics 350 South Redwood Street Canby, OR 97013 Add us to your address book Want to change how you receive these emails? You can update your preferences or unsubscribe from this list

Very nice and clean looking truck. V8 in an 87. I assume that was not original. I have not seen a radiator fill cap located where that one is.