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To: freeper12
Well, actually there are lots of people who don't pay any payroll taxes either. It's a little thing called the Earned Income Tax Credit and it is a refundable credit for people earning less than $30,000 but don't pay any income tax so they are refunded a portion of their payroll taxes through the tax credit...ie., they get a check even though they didn't pay any income taxes.
45 posted on 01/07/2003 11:32:40 AM PST by Wphile
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To: Wphile
Well, actually there are lots of people who don't pay any payroll taxes either. It's a little thing called the Earned Income Tax Credit and it is a refundable credit for people earning less than $30,000 but don't pay any income tax so they are refunded a portion of their payroll taxes through the tax credit...ie., they get a check even though they didn't pay any income taxes.

The earned income tax credit is "welfare lite". It is better than paying someone to stay home, but not much. It still survives on the liberal/socialist premise that one economic class should carry another. The free ride syndrome lives on.

84 posted on 01/07/2003 11:57:54 AM PST by meyer
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