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re: Anyone here going to rake it in with monthly child tax credit checks?
Posted on 7/13/21 at 3:46 pm to JohnnyKilroy
Posted on 7/13/21 at 3:46 pm to JohnnyKilroy
Don't want any surprises come tax time.
1
Posted on 7/13/21 at 3:56 pm to MrCoolBeans
quote:
Don't want any surprises come tax time.
Fair enough. But I didn't think people liked letting the government hold their money.
Posted on 7/13/21 at 3:57 pm to Powerman
quote:well at 300/per kid, reducing 50 per 1000 over....thats a total of 6k. So you think 81k, 156k joint is the end of the middle class?
It's not the end line for receiving the tax credit either
Posted on 7/13/21 at 3:59 pm to Mingo Was His NameO
quote:
Per usual, so much fricking retard in this thread there's too much to start refuting.
Start refuting you douche
75k is like 60-65k after taxes
If you have to pay for private school for 2 kids you are looking at 20k
2 car notes maybe $1000 a month total
Mortgage $1000-1500
Utilities, internet etc maybe 300-400
Gas
God help you if your job doesnt include health insurance
Do the math. 75k salary cutting it close
Of course the cost of a lot of that would stop rising if the government stop subsidizing it and writing checks
This post was edited on 7/13/21 at 4:01 pm
Posted on 7/13/21 at 4:05 pm to CarRamrod
quote:
So you think 81k, 156k joint is the end of the middle class?
Certainly not
But that limit covers most of the middle class
It's certainly ridiculous to suggest that it's only a handout for the dregs of society and benefits no middle class people
Posted on 7/13/21 at 4:24 pm to noonan
quote:
Fair enough. But I didn't think people liked letting the government hold their money
I’ve heard that point too.
I already cut a check every year, so I don’t want to have to pay all this “credit” back on top of what I’m use to paying.
Posted on 7/13/21 at 4:25 pm to Cosmo
quote:
75k is like 60-65k after taxes
If you have to pay for private school for 2 kids you are looking at 20k
Maybe don’t send your kids to a 10k/year private school lmao
Or tell your wife to get off her arse and work.
This post was edited on 7/13/21 at 4:26 pm
Posted on 7/13/21 at 4:25 pm to CarRamrod
quote:150k joint puts you in the top 87% of earners in Louisiana
you think 75k and 150k joint is the end of the middle class in this country? maybe in 1960.
So actually, thats upper middle class, or maybe even the low side of upper class
This website has never had a clue what middle class actually is
Posted on 7/13/21 at 4:28 pm to lsupride87
quote:
This website has never had a clue what middle class actually is
I’ll never forget the plant baw that posted his tax returns showing a 300k/year houehold income and argued zealously that he was “working class”
Posted on 7/13/21 at 4:31 pm to JohnnyKilroy
quote:I mean Cosmo is breaking down what it takes for a 75k salary, and he is acting like $1000 in car notes and 20k in privates schools are basic life necessities
I’ll never forget the plant baw that posted his tax returns showing a 300k/year houehold income and argued zealously that he was “working class”
This post was edited on 7/13/21 at 4:32 pm
Posted on 7/13/21 at 4:59 pm to lsupride87
quote:
This website has never had a clue what middle class actually is
It's an objective metric measured by either a percentage or fraction. They have no chance
Posted on 7/13/21 at 5:12 pm to MrCoolBeans
quote:
I already cut a check every year, so I don’t want to have to pay all this “credit” back on top of what I’m use to paying
Gotcha. That's reasonable.
Posted on 7/13/21 at 5:15 pm to noonan
quote:
I already cut a check every year, so I don’t want to have to pay all this “credit” back on top of what I’m use to paying
It's an advanced tax credit, your total liability is the same no matter when you recieve the credit.
Posted on 7/13/21 at 5:17 pm to Mingo Was His NameO
quote:
Mingo Was His NameO
Did you really rape that kid?
Posted on 7/13/21 at 5:18 pm to kisatchie53
If the glove don't fit you must acquit
Posted on 7/13/21 at 5:18 pm to Cosmo
Don't forget these limits are on AGI. A couple with an AGI of 150k could gross as much as 200k before top line deductions like retirement account contributions, HSA contributions, and other expenses.
This post was edited on 7/13/21 at 5:21 pm
Posted on 7/13/21 at 5:19 pm to Mingo Was His NameO
quote:
If the glove don't fit you must acquit
They said it fit
Posted on 7/13/21 at 5:44 pm to GRTiger
Dump 19.5K into 401K and another 6K into a roth IRA to get the AGI down.
Posted on 7/13/21 at 7:16 pm to Mingo Was His NameO
quote:
It's an advanced tax credit, your total liability is the same no matter when you recieve the credit
I understand. He likes to leave it at the end to offset what he has to pay every year.
Posted on 7/13/21 at 7:22 pm to lsu xman
Isn't that going to be a draw against their CTC on their 2021 income taxes? I see a lot of upset folks when they don't get their $2K credit next year.
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