The poorest Americans don’t pay taxes. Should they be getting refunds?
Y2K was as it turned out was a lot of hype over nothing.
The more nobel-sounding the legislation, the more likely it means the complete opposite (see, "Affordable Care Act").
EITC == Gibsmedat. It should be abolished.
Golly, if we had a FAIR Tax we wouldn’t have to worry about this stuff.
SMH...
Not a word in the article about how this is a giveaway of taxpayers money to the poor...
for example: Pay 500 in federal taxes, get a 1500 credit = 2000 return...
They actually paid nothing...yet get 2K back...
They'ze needs that money for ciggies, or beer, or that new widescreen.
Sorry, I feel no compassion or mercy.
http://www.usatoday.com/story/money/personalfinance/2016/10/09/savings-study/91083712/
Ha! I remember when I used to get refunds. It meant I was loaning money to the government interest free.
Is that the needy 47% who pay no taxes?
One of the wife’s coworkers is married to an IRS Special Agent. She (the Special Agent) has some interesting stories about the prevalence of various tax scams regarding claiming of children on tax returns in order to affect EITC payments via “refund” (it is not a refund if you don’t pay taxes).
After all, we are talking about taking money from him.
I don’t think the author understands how the IRS transmits money/refunds to people.
They are not going to send all of these checks in one day. Nor will any single location get all of these checks.
This article is much ado about nothing.