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re: 27% of Americans recieve a larger tax refund than what they paid in?

Posted on 2/24/17 at 7:29 pm to
Posted by a want
I love everybody
Member since Oct 2010
19756 posts
Posted on 2/24/17 at 7:29 pm to
What did they declare ? This stat is next to meaningless.
Posted by germandawg
Member since Sep 2012
14135 posts
Posted on 2/24/17 at 8:31 pm to
quote:

If I recall correctly from looking at the federal budget breakdown, last year we spent $60 billion on the EITC.




And a GOP program that has been expanded as often by Republicans as Democrats...but no it is a bad idea...but the right hasn't changed the left has.


The EPA is another example that comes to mind.....
Posted by LSU Coyote
Member since Sep 2007
53390 posts
Posted on 2/24/17 at 8:34 pm to
I would think this to be higher. It is crazy the trashy family members receiving $15K returns when they make $30K a year.
This post was edited on 2/24/17 at 9:02 pm
Posted by Evolved Simian
Bushwood Country Club
Member since Sep 2010
20771 posts
Posted on 2/24/17 at 9:01 pm to
quote:

The EITC is a decent policy because it incentivizes working.




No, it was SUPPOSED to incentivize working, but the deadbeats figured out quickly how to exploit the loophole in it and get thousands without working a single day during the year.
Posted by kcon70
Houston, TX
Member since Sep 2016
2695 posts
Posted on 2/24/17 at 10:17 pm to
Nope. Made a little more, had a child, got back less than the previous year.
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