Why would people who pay no taxes now, want tax credits??
“Why would people who pay no taxes now, want tax credits??”
The law would give a tax credit to those who pay taxes and buy insurance. The people who don’t have to pay any taxes usually don’t have much money and are usually on Medicaid so the tax credit would not apply to them.
Because the “tax credits” are refundable. Yeah, makes no sense to me, either, and I practiced as a CPA in taxation for about a dozen years. The term is just a means of sugar-coating the real event, which is welfare.