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27% of Americans recieve a larger tax refund than what they paid in?
Posted on 2/24/17 at 11:59 am
Posted on 2/24/17 at 11:59 am
Is this true? It seems like I remember reading this somewhere but I have not been able to find a link. If someone can post a link showing the stats I would appreciate it.
22
Posted on 2/24/17 at 12:00 pm to mouton
Not in my household I don't.
Posted on 2/24/17 at 12:03 pm to mouton
If I recall correctly from looking at the federal budget breakdown, last year we spent $60 billion on the EITC.
Posted on 2/24/17 at 12:05 pm to mouton
I did a couple of years before I got married and got a much better job. Based on my experience working in the service industry that number sounds plausible.
Posted on 2/24/17 at 12:05 pm to Homesick Tiger
quote:
Not in my household I don't.
A downvote for stating a fact?
I have a stalker. Posted on 2/24/17 at 12:07 pm to mouton
I had heard close 40% paid zero or negative taxes. That may not be accurate though.
Posted on 2/24/17 at 12:08 pm to Homesick Tiger
quote:
A downvote for stating a fact? I have a stalker.
Take it as a compliment. You're so up in someone's head that they follow you around just to anonymously downvote your posts. Kinda sad for them though.
Posted on 2/24/17 at 12:09 pm to mouton
Not me but good for them I hope they put good use to it
Posted on 2/24/17 at 12:10 pm to StrongSafety
quote:
Not me but good for them I hope they put good use to it
It's in the pocket of the Waltons within days.
Posted on 2/24/17 at 12:10 pm to PsychTiger
quote:
Take it as a compliment.
Sound advice. Ooops, he did it again.
Posted on 2/24/17 at 12:46 pm to mouton
50% of Americans pay taxes .
Posted on 2/24/17 at 12:47 pm to StrongSafety
quote:
I hope they put good use to it
Rims, speakers, golf clubs, flat brim hats, $400 softball bats, case of PBR?
Posted on 2/24/17 at 12:48 pm to CavalryAg07
quote:
50% of Americans pay taxes .
I'm no math major but damn, that's a lot of people voting themselves more benefits without paying into the system.
Posted on 2/24/17 at 12:48 pm to mouton
#WeAreThe73%
Posted on 2/24/17 at 12:52 pm to mouton
You know the fact that a third of American pay negative income tax and close to half pay no income tax (inclusive of first group) wouldn't necessarily bother me so much, if those very people didn't cry bitch and whine about how much others pay (as in not enough) and claim the burden is on them. Its pathetic and politicians cater to it.
Posted on 2/24/17 at 12:55 pm to NikolaiJakov
quote:
If I recall correctly from looking at the federal budget breakdown, last year we spent $60 billion on the EITC.
That is utterly ridiculous
The should have been stopped by now. Thanks spineless republicans
Posted on 2/24/17 at 1:15 pm to mouton
If true there is something really wrong!
Posted on 2/24/17 at 1:16 pm to mouton
quote:
27%
I thought it would higher
Posted on 2/24/17 at 1:39 pm to mouton
quote:
27% of Americans recieve a larger tax refund than what they paid in
I had no idea this was even possible until a few years back I worked with a guy(who had a pretty good job) but has 3 kids and his wife didn't work; and he told me he was getting back more than he paid in. I was utterly shocked.
I can see getting all your money back if you're poor and really need it, but don't give them my money too.
Posted on 2/24/17 at 1:48 pm to mouton
LINK
Its called the earned income credit. Its a giveaway program that is in theory supposed to raise those up that are in poverty. In reality it rewards people to stay single so that they can qualify for their Christmas in February bonus.
If I get a refund from the state I have to pay fricking taxes on it the next year.
Its called the earned income credit. Its a giveaway program that is in theory supposed to raise those up that are in poverty. In reality it rewards people to stay single so that they can qualify for their Christmas in February bonus.
quote:
In the 2015 tax year, over 26 million working families and individuals in every state received the EITC.
quote:
During the 2015 tax year, the average EITC was $3,186 for a family with children (boosting wages by about $265 a month), compared with just $293 for a family without children.
If I get a refund from the state I have to pay fricking taxes on it the next year.
This post was edited on 2/24/17 at 1:50 pm
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