Stimulus

March 27th, 2020 at 9:20:56 AM permalink
RonC
Member since: Nov 7, 2012
Threads: 8
Posts: 2452
Quote: Gandler
Yeah you can't do that anymore. Working on school days after school has a 3 hour cap per day (and max 16 hours per week).


Different states...here is the Texas info:

Hours of Employment under State and Federal Law

Texas State Law:

A child 14 or 15 years of age may not work more than eight hours in one day or more than 48
hours in one week. A child who is 14 or 15 years of age and is enrolled in a term of a public
or private school may not work between the hours of 10 p.m. and 5 a.m. on a day that is
followed by a school day or between the hours of midnight and 5 a.m. on a day that is not
followed by a school day. A child who is 14 or 15 years of age and is not enrolled in summer
school may not work between the hours of midnight and 5 a.m. on any day that school is
recessed for the summer.

Federal Law:

Under the Fair Labor Standards Act (FLSA) a child 14 or 15 years of age may not work
during school hours, may not work more than three hours on a school day or 18 hours during
a school week, and may not work more than eight hours on a non-school day or 40 hours
during a non-school week. Furthermore, a child 14 or 15 years of age may work only between
7 a.m. and 7 p.m. during the school year. Between June 1 and Labor Day, a child may work
between the hours of 7 a.m. and 9 p.m.

A child 16 or 17 years of age have no restrictions on the number of hours or times of day they
may work.

https://workforcesolutionstexoma.com/TX_Child_Labor_Law_Summary_3.26.pdf
March 27th, 2020 at 9:45:44 AM permalink
Gandler
Member since: Aug 15, 2019
Threads: 27
Posts: 4236
Quote: RonC
Different states...here is the Texas info:

Hours of Employment under State and Federal Law

Texas State Law:

A child 14 or 15 years of age may not work more than eight hours in one day or more than 48
hours in one week. A child who is 14 or 15 years of age and is enrolled in a term of a public
or private school may not work between the hours of 10 p.m. and 5 a.m. on a day that is
followed by a school day or between the hours of midnight and 5 a.m. on a day that is not
followed by a school day. A child who is 14 or 15 years of age and is not enrolled in summer
school may not work between the hours of midnight and 5 a.m. on any day that school is
recessed for the summer.

Federal Law:

Under the Fair Labor Standards Act (FLSA) a child 14 or 15 years of age may not work
during school hours, may not work more than three hours on a school day or 18 hours during
a school week, and may not work more than eight hours on a non-school day or 40 hours
during a non-school week. Furthermore, a child 14 or 15 years of age may work only between
7 a.m. and 7 p.m. during the school year. Between June 1 and Labor Day, a child may work
between the hours of 7 a.m. and 9 p.m.

A child 16 or 17 years of age have no restrictions on the number of hours or times of day they
may work.

https://workforcesolutionstexoma.com/TX_Child_Labor_Law_Summary_3.26.pdf


Right, if 7pm is the current Federal guideline for under 16, you figure most people get out of school around 3, so probably cannot work earlier than 4pm, which would mean 4PM-7pm is the only hours you can legally work (3 hour) during school weeks, and that is assuming your state does not have stricter restrictions or caps (many do)....
March 27th, 2020 at 1:14:09 PM permalink
AZDuffman
Member since: Oct 24, 2012
Threads: 135
Posts: 18136
Quote: Gandler
Right, if 7pm is the current Federal guideline for under 16, you figure most people get out of school around 3, so probably cannot work earlier than 4pm, which would mean 4PM-7pm is the only hours you can legally work (3 hour) during school weeks, and that is assuming your state does not have stricter restrictions or caps (many do)....


Basically it is the same as back in my day at the fed level. They mostly did not want you working until age 16, but at that point you could load on hours. There was a meal period required after 5 hours back then.

IOW, a 16 or 17 year old could easily earn $13000 per year. Other thing is be smart and file.
The President is a fink.
March 27th, 2020 at 1:20:44 PM permalink
Gandler
Member since: Aug 15, 2019
Threads: 27
Posts: 4236
Quote: AZDuffman
Basically it is the same as back in my day at the fed level. They mostly did not want you working until age 16, but at that point you could load on hours. There was a meal period required after 5 hours back then.

IOW, a 16 or 17 year old could easily earn $13000 per year. Other thing is be smart and file.


I mean easily is a stretch.

There is a reason a majority of minors don't file.

Most dont make the 12 or 13 k.
March 27th, 2020 at 5:00:49 PM permalink
AZDuffman
Member since: Oct 24, 2012
Threads: 135
Posts: 18136
Quote: Gandler
I mean easily is a stretch.

There is a reason a majority of minors don't file.

Most dont make the 12 or 13 k.


No idea the actual number but if you have kids it would be a good thing to make them file. If not for just learning how to file.
The President is a fink.
March 28th, 2020 at 6:33:26 PM permalink
petroglyph
Member since: Aug 3, 2014
Threads: 25
Posts: 6227
https://www.federalreserve.gov/newsevents/pressreleases/monetary20200323b.htm

The Federal Reserve is now the largest holder of Treasury's, and will purchase 200 billion worth of MBS.

"At the end of 2007, before the Wall Street crash in 2008, a senior citizen could invest $10,000 in a 10-year Treasury note and get $400 a year in income, or 4 percent. Today, that same $10,000 generates just 0.67 percent or $67."
The last official act of any government is to loot the treasury. GW
March 29th, 2020 at 6:26:26 AM permalink
SOOPOO
Member since: Feb 19, 2014
Threads: 22
Posts: 4157
Quote: petroglyph
https://www.federalreserve.gov/newsevents/pressreleases/monetary20200323b.htm

The Federal Reserve is now the largest holder of Treasury's, and will purchase 200 billion worth of MBS.

"At the end of 2007, before the Wall Street crash in 2008, a senior citizen could invest $10,000 in a 10-year Treasury note and get $400 a year in income, or 4 percent. Today, that same $10,000 generates just 0.67 percent or $67."


This is the problem for seniors, like me! I will need a certain return on my investments to live at a reasonably close standard to how I lived while working. 0.67% will not cut it! If you were smart/lucky enough to accumulate $1,000,000 in your 401k, and were going to use it to supplement social security, I'm guessing you were expecting more than $6,700 a year! So you invest in stocks, non guaranteed bonds, etc.... and look what happened!
If you were lucky enough to be a New York State teacher, and now are getting a pension of approximately 80% of your final salary, then the $6,700 takes you close to what you were making as a full time teacher.
If you were an independent business owner, an employee with no company pension, or an AP!, what to do? (other than keep on working)
March 29th, 2020 at 8:11:31 AM permalink
Dalex64
Member since: Mar 8, 2014
Threads: 3
Posts: 3687
According to this wsj article

https://www.wsj.com/articles/whos-left-out-of-coronavirus-stimulus-payments-many-college-students-adult-dependents-11585396800

Anyone who is claimed as a dependant of someone else won't get stimulus money.

That covers a lot of college students. They won't get 1200 for being an adult, nor will their parents who claimed them as dependants get 500 because they are over 17.
"Everyone is entitled to his own opinion, but not to his own facts." Daniel Patrick Moynihan
March 29th, 2020 at 10:13:10 AM permalink
SOOPOO
Member since: Feb 19, 2014
Threads: 22
Posts: 4157
Quote: Dalex64
According to this wsj article

https://www.wsj.com/articles/whos-left-out-of-coronavirus-stimulus-payments-many-college-students-adult-dependents-11585396800

Anyone who is claimed as a dependant of someone else won't get stimulus money.

That covers a lot of college students. They won't get 1200 for being an adult, nor will their parents who claimed them as dependants get 500 because they are over 17.


That's us! Plus I wont get any because my income, which as a retiree would qualify now, was too high on my last tax return. My wife is an independent contractor and won't qualify because she made more than the requirement last tax return. Both her daughters, now, unemployed, but still students, won't qualify as well.
I guess though, as someone with enough savings to get through this mess, I shouldn't be getting a check from the government with the freshly printed, coming from nowhere money that is being handed out.

I'm interested to see if wife's parents, both with modest pensions, will get these checks. Since their pensions are unchanged, for them, this is just a big bonus. And all the while their expenses are way down! They are classic negative EV casino goers. Just that alone is probably saving them thousands.
March 29th, 2020 at 12:08:41 PM permalink
petroglyph
Member since: Aug 3, 2014
Threads: 25
Posts: 6227
If the gov is going to be sending out subsistence checks, it would be appropriate if there was a mechanism to garnishee at least a portion of the money from deadbeat dads [or moms] who are miles behind in child support, and pass it along for the childs benefit.
The last official act of any government is to loot the treasury. GW