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Started By
Message
DAily Kos economist comes out against ivanka trump's and Marsha blackburn's childcare pla
Posted on 1/12/17 at 3:59 pm
Posted on 1/12/17 at 3:59 pm
12
Posted on 1/12/17 at 4:07 pm to HailHailtoMichigan!
Who the frick is Daily Kos and why should I give a frick what they think.
This post was edited on 1/12/17 at 9:20 pm
Posted on 1/12/17 at 4:08 pm to HailHailtoMichigan!
quote:
The tax code is also a clumsy way to distribute help to parents who are trying to afford a cost that can reach $17,000 a year but has to be paid monthly or even weekly. A tax deduction or rebate will only come once a year at tax time.
This is true.
Posted on 1/12/17 at 4:09 pm to HailHailtoMichigan!
If they are not paying taxes, then they don't have jobs and don't need childcare.
Posted on 1/12/17 at 4:10 pm to HailHailtoMichigan!
If you don't pay taxes, then you don't have any skin in the game, in which case your opinion is worthless.
Posted on 1/12/17 at 4:12 pm to Damone
quote:
If you don't pay taxes, then you don't have any skin in the game
This is the issue for me, too many people do not have Skin in the game and the rest of us have to make up the Skin, it is why I voted for Trump
Posted on 1/12/17 at 4:13 pm to LSUGrrrl
quote:
This is true.
Sort of, but not really. You can set up a dependent care fsa and get those expenses taken out of your check before taxes are taken out.
Posted on 1/12/17 at 4:14 pm to CoachChappy
quote:
If they are not paying taxes, then they don't have jobs and don't need childcare.
Correct. They can sit their arse at home and raise their kids for free.
Posted on 1/12/17 at 4:18 pm to HailHailtoMichigan!
quote:
Deductions do nothing for lower-income Americans who earn too little to owe federal income taxes and people with small tax bills. About 35 percent of Americans don’t have federal income tax liabilities.
Trump’s plan therefore offers a rebate for poorer families through the Earned Income Tax Credit
Tell me where in the hell this is my problem? Stop pumping babies out of that hole between your legs and you won't have to worry about it.
And how is it too much to ask people to finance 1 year of their child's daily care and after that the tax payers are going to pick up the bill?
This post was edited on 1/12/17 at 4:39 pm
Posted on 1/12/17 at 4:25 pm to HailHailtoMichigan!
quote:
DAily Kos economist comes out against ivanka trump's and Marsha blackburn's childcare pla
If the commies hate it, then it is probably a good idea.
Posted on 1/12/17 at 4:27 pm to HailHailtoMichigan!
A couple of the economists from this board, one a principled conservative, the other a principled libertarian, probably contributed their vast academic, not real world, insight into this.
I mean seriously, when the largest single risk ever taken by these kooks was buying a house, why shouldn't we take advice from them?
I mean seriously, when the largest single risk ever taken by these kooks was buying a house, why shouldn't we take advice from them?
Posted on 1/12/17 at 4:28 pm to HailHailtoMichigan!
FULLY deduct the cost of child care?
Y'all can get fricked. I thought I was the liberal around here.
Y'all can get fricked. I thought I was the liberal around here.
Posted on 1/12/17 at 4:31 pm to imjustafatkid
quote:
Sort of, but not really. You can set up a dependent care fsa and get those expenses taken out of your check before taxes are taken out.
The majority of people who would benefit from childcare assistance the most don't understand FSAs and can't afford to have a single cent deducted from their check. If our goal is to get people on the job and off the dole, we should just give them child care vouchers to cover the expense on a sliding scale for a specific time period.
Posted on 1/12/17 at 4:36 pm to Walking the Earth
I'm down with the tax break. It incentivizes work and family.
Posted on 1/12/17 at 4:41 pm to HailHailtoMichigan!
That woman is not an economist.
Posted on 1/12/17 at 4:44 pm to CoachChappy
quote:
If they are not paying taxes, then they don't have jobs and don't need childcare.
This is not true.
The bottom 40% of wage earners with children end up paying zero federal tax
The bottom 35% depending on number of children get an "EIC" Earned income tax credit(redistribution of wealth check, paid for by other tax payers) that can be as high as $6296 despite paying zero income tax.
This post was edited on 1/12/17 at 4:48 pm
Posted on 1/12/17 at 4:51 pm to LSUGrrrl
quote:
LSUGrrrl
Well you've made it clear in this thread you don't understand how taxes or FSAs work.
Posted on 1/12/17 at 9:05 pm to SLafourche07
Just 20 years of executive HR experience.
Posted on 1/12/17 at 9:10 pm to LSUGrrrl
quote:
This is true.
Depends. A rebate can be in the form of an advance credit, in which case you don't have to wait until April 15.
Posted on 1/12/17 at 9:23 pm to HailHailtoMichigan!
quote:
Because it doesn't help people who don't pay taxes
The low-income parent(s) already have help.
Headstart and Early Headstart, providing care from birth to 5 yrs.
Also, the Child Care Assistance Program: "The Child Care Assistance Program is for families with children under age 13 (and under age 19 for children who are handicapped or have special needs). To get CCAP, your income has to be below the limits. Parents also have to work, look for work, or go to school to get CCA."
There is also a Child and Dependent Care tax credit for low-income.
And probably a bazillion more programs taxpayers are already funding.
This post was edited on 1/12/17 at 9:29 pm
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