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re: Getting rid of these child tax credits all at once is brutal

Posted on 2/2/23 at 2:28 pm to
Posted by johnadams1776
florida
Member since Jun 2021
479 posts
Posted on 2/2/23 at 2:28 pm to
i used to get a kick out of co-workers celebrating a big refund never thinking about the govt keeping their money for a year interest free and they were allowed to vote!
Fairtax 2023!
Posted by Buck_Rogers
Member since Jul 2013
2070 posts
Posted on 2/2/23 at 2:56 pm to
quote:

Having children is a financial burden, and since it serves a good purpose for the public

People with this opinion, who are breeding, is what burdens me. Do the public a favor and stop.
Posted by Weagle25
THE Football State.
Member since Oct 2011
47470 posts
Posted on 2/2/23 at 3:18 pm to
quote:

Maybe, but It is also forced savings for those people. People getting massive refunds would not likely have saved that amount of given throughout the year. I get a kick out of people like Suze Orman and Dave Ramsey telling people they need savings, but fussing at them for having a big refund.

What do you think they do with the refund?

Put it in savings?
Posted by evil cockroach
27.98N // 86.92E
Member since Nov 2007
8929 posts
Posted on 2/2/23 at 3:26 pm to
quote:

Unless your AGI is over 400000,


Dang it
Posted by LSUFanHouston
NOLA
Member since Jul 2009
40255 posts
Posted on 2/2/23 at 5:03 pm to
Child tax credit dropped from young kids $1,600 per kid so that's $3,200.

Plus child care credit dropepd as well.

Both dropped to their pre 2021 amounts.

2021 was a stupid crazy giveaway to parents.
Posted by go ta hell ole miss
Member since Jan 2007
14570 posts
Posted on 2/2/23 at 7:54 pm to
quote:

What do you think they do with the refund? Put it in savings?


Go on vacation, buy a big depreciating asset (grills, lawn mowers, ATVs, computers, furniture, RVs, etc.) or pay down CC debt. All things they would not be able to do by nickel and diming it away if they were given small amounts each week or every two weeks throughout the year.
Posted by LasVegasTiger
Idaho
Member since Apr 2008
8551 posts
Posted on 2/2/23 at 8:38 pm to
quote:

We paid right at $20k last year for preschool,


Holy hell man
Posted by Weagle25
THE Football State.
Member since Oct 2011
47470 posts
Posted on 2/2/23 at 9:50 pm to
quote:

Go on vacation, buy a big depreciating asset (grills, lawn mowers, ATVs, computers, furniture, RVs, etc.) or pay down CC debt. All things they would not be able to do by nickel and diming it away if they were given small amounts each week or every two weeks throughout the year.

Only one of those betters you financially and I don’t really think they’re using it for that most of the time.

People like Ramsey are trying to better you financially. So even if they are paying off credit card debt, it’s better if they do it throughout the year rather than waiting for the refund.

Such a weird thing to criticize them for. Forced savings does you no good if you blow it on a vacation or depreciating asset. You’re back to the same spot. And honestly if they use it on credit card debt, their refund is probably just eaten up by extra interest throughout the year.
This post was edited on 2/2/23 at 10:00 pm
Posted by DMAN1968
Member since Apr 2019
12623 posts
Posted on 2/3/23 at 5:38 am to
quote:

Having children is a necessary service for this world and should be eased by the government

Ummmm....No.
Posted by idontyield
Tunnel Trash
Member since Jun 2022
553 posts
Posted on 2/3/23 at 9:02 am to
quote:

I shouldn't be burdened with the cost of your kids.


Exactly! My house is not on fire, why am I paying for fire dept?
Posted by Upperdecker
St. George, LA
Member since Nov 2014
32759 posts
Posted on 2/3/23 at 9:50 am to
quote:

People with this opinion, who are breeding, is what burdens me. Do the public a favor and stop.

Yes let’s all stop having kids. See how that goes. I’m sure you’re not childless by choice though. Have fun with your sock tonight
Posted by el Gaucho
He/They
Member since Dec 2010
58519 posts
Posted on 2/3/23 at 10:53 am to
Hey man stop being nogfphobic
Posted by Chucktown_Badger
The banks of the Ashley River
Member since May 2013
35878 posts
Posted on 2/3/23 at 1:33 pm to
quote:

Good, I shouldn't be burdened with the cost of your kids.


Isn't the government effectively raising his (and lots of our) taxes so that the money can be used for other people's kids?
Posted by cheobode
Member since Dec 2017
1496 posts
Posted on 2/5/23 at 9:28 am to
We were worried about that too but we're basically getting back the same amount as last year with no changes.
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