We're getting a $54,000 tax refund! (only in America)

CNN ^ | 1 Apr 2011 | Blake Ellis

[Graybeard58]

In principle, I don’t like to see ‘tax refunds’ going to those who don’t pay taxes

The E.I.T.C. was first proposed by Nixon, signed into law by Ford and increased under every administration since, without exception.

[fish hawk]

Maybe a downpayment on college for one of the kids. LOL

[GOPyouth]

My neighbors across the street are doing this. An investigator for the State of Texas came by asking us questions about them a month or so ago. The lady who is on the lease is claiming that she's unmarried. Her husband lives there with here, along with about 8 other children. One of them is special needs. All are foster kids. None of the adults work. They have destroyed the house (which is quite a bit nicer and more expensive than my house), and the special needs girl (about 4 years old) runs around the neighborhood naked.

I tell you, I'm glad I have a job, because they are dependent upon me to pay for their lifestyle.

[fish hawk]

Is that $54,000 taxable?

[GOPJ]

When people start earning money off of kids abuse is a step away.

It's like selling blood - diseased trash ( and a few college students ) come a running.

[pingman]

Strap a windmill backpack on him for a trifecta!

[RicocheT]

Another way the left gives our tax money to others who have no taxes to pay, yet get money termed a “tax refund”.

When the government is spending our dollars like crazy and every dollar spent has 40 cents of it borrowed, this adoption credit is nuts. Sure, adopting kids is great and a social plus, but why in heck do I and others who don’t adopt and do pay our legal tax bill have to reward others who end up paying no taxes and even get more money back?

[WKUHilltopper]

I “thought” about adoption...can’t I get some kind of refund for that?

After all, our illustrious leader only “thought” about peace and got a Nobel out of it. Seems to me the same should apply.

[IrishCatholic]

Is it welfare? Only if one presumes it is the government’s money to begin with.

They are getting a tax credit for the adoptions against taxes paid. Those accrued over years. They are taking children out of the state system. That saves the taxpayer money. The special needs kids get the full rate because they have the most expense. Those expenses may last a lifetime.

Plus, they did all this not knowing they would be receiving the money. The tax preparer found the deduction. In other words, they did it anyway scraping by to take as many as they could.

Saved the state years and years of expenses while put against taxes they paid plus their costs for the adoption plus their assumption of the full costs of the children.

Where are they getting over? I don’t see it.

[Popman]

For each of these adopted children they are eligible for a one-time tax credit of up to $13,170.

In the long run, it's probably a pretty good deal for all around.

It's a one time refund and I am sure it costs WAY MORE than 13k to keep a kid in foster care for a year

Plus the kid gets a home too boot

This is different than a kid in foster care since that is a perpetually state monthly paycheck.

[traditional1]

"Our government sure likes to give away money"

Why not? It's from those who actually WORK for a living, handed to those who don't......we need to "share" (see tagline)

[Yaelle]

Adoption costs over $20K. I think the tax credit ($13k) is completely reasonable. G-d bless those who adopt.

HOWEVER, I have always hated “refunds” for people who do not pay income tax. Whether for adoption or otherwise, there should be NO REFUNDS if you didn’t pay anything. I can’t walk into Target today and ask for a refund on the TV I did not buy, so how can taxpayers qualify for refunds they didn’t pay?

[Paved Paradise]

LOL!!!

[Eternal_Bear]

You can adopt foreign kids too to get this freebie.

[bronxville]

Interesting thread. Thanks.

[TruthBeforeAll]

Geeeesh. I make $30,000 a year and got back $42 from the feds and, believe it or not, owe the lovely state of Illinois...$42.

[Theo]

Right. The world is better off with more unadopted orphans.

[stylin19a]

Joe Biden

[Theo]

Yours is but one of several heartless comments here. Your antipathy toward orphans is sick.

[E. Pluribus Unum]

My wife and I are adopting 2 children, I wasn’t aware of this. I knew about the credit but did not know that we could actually receive that much as a “refund”.

Depends on your skin color.

If you are not one of Eric's peoples, forget it.