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To: Vermont Lt
For now, low-income households who do not pay income taxes would not get any refund under the tax cap law — neither would households who owe $0 once other credits, like the earned income tax credit and dependent care credit, are factored in, Wright pointed out.

Equity issues surrounding Chapter 62F are a “legitimate gripe,” House Ways and Means Chairman Aaron Michlewitz told reporters last week.

It’s just unreal. If you don’t pay a dime in net income tax, how can you possibly be entitled to a “refund” in any amount? A fair flat rate times your income tax paid is a rudimentary mathematical calculation. Any percentage times zero is zero. I’m sure all the people who feel slighted at missing out on a check from the government can’t perform that math or see the fairness.

9 posted on 11/01/2022 9:42:55 AM PDT by FoxInSocks ("Hope is not a course of action." — M. O'Neal, USMC)
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To: FoxInSocks

Reading my own response, I can see the entitlement mentality that has been bolstered by the fact that you can get a federal tax “refund” even if you don’t pay any taxes — different “credits” add up to become a “refund” of something you never paid.


10 posted on 11/01/2022 9:45:00 AM PDT by FoxInSocks ("Hope is not a course of action." — M. O'Neal, USMC)
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To: FoxInSocks

The same way illegal invaders who cannot LEGALLY hold a job in the USA can file a 1040 & get a “REFUND” for Child Tax Credit...Over $4000.


14 posted on 11/01/2022 12:14:06 PM PDT by ridesthemiles
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