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To: rb22982

“Hard to cut much if you aren’t paying much.”

Yeh, it gets worse; the bottom 30% +\ - pays negative income taxes. It’s on a sliding scale, the very bottom could get back as much as a net $8,000 ~ $10,000 depending on number of dependents and amount of earned income credit.


14 posted on 10/27/2017 2:14:09 PM PDT by snoringbear (,E.oGovernment is the Pimp,)
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To: snoringbear

” the bottom 30% +\ - pays negative income taxes. It’s on a sliding scale, the very bottom could get back as much as a net $8,000 ~ $10,000 depending on number of dependents and amount of earned income credit.”

In an earlier generation, referred to as “welfare”, not a “tax refund”.


16 posted on 10/27/2017 2:16:27 PM PDT by SharpRightTurn (Chuck Schumer--giving pond scum everywhere a bad name.)
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To: snoringbear
I wish that conservative media persons and politicians would stop saying that money from the EITC is a "refund." It is impossible to get a refund if you don't pay the money in the first place.

The left loves to make people think that the "rich" get a bigger refund from the government because the government likes them better. Correct terminology would help clarify.

19 posted on 10/27/2017 2:30:43 PM PDT by Freee-dame (Best election ever.)
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To: snoringbear

Yeah, about 13-14 years ago when I was in the field in retail making about $28k/yr, a friend of mine making about $2k/yr less than I was got married in December of that year to a woman with 2 kids already and no income. They got the $1500 back he’d paid in fed taxes plus another like $7-8k with EITC and Child tax credits. Couldn’t believe it. At least he was smart and used it to pay all cash for a new Kia with 100k warranty rather than blow it on vacations or the like.


20 posted on 10/27/2017 2:31:12 PM PDT by rb22982
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