To: USFRIENDINVICTORIA
No its $500 of our money, this is a tax credit so if you spend $500 or more on kids for sports etc you can claim it back. Of course as with all forms of tax cuts... those who pay the taxes get the breaks. The leftists who are probably behind this study hate such logic. I for one love to get some of my taxes back.
5 posted on
08/03/2010 3:24:55 PM PDT by
battousai
(Conservatives are racist? YES, I hate stupid white liberals.)
To: battousai
Actually, it amounts to a subsidy from childless tax-payers to taxpayers with children. The government will collect “X” dollars, one way or another. The less it collects from those receiving tax credits; the more it has to collect from everyone else.
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