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re: Those spending the child tax credit check on misc expenses

Posted on 7/17/21 at 10:08 pm to
Posted by Mingo Was His NameO
Brooklyn
Member since Mar 2016
37536 posts
Posted on 7/17/21 at 10:08 pm to
quote:

You don't understand it enough to call anyone a "retard".




I understand it fine, it's actually quite simple. It's just an advanced refundable tax credit.
Posted by sjmabry
Texas
Member since Aug 2013
18950 posts
Posted on 7/17/21 at 10:12 pm to
quote:

Using the child tax credit check on things like getting their hair and nails done, new cell phone, new fake lashes, do they feel guilty not spending it on their kids?
You made this your business, why?
Posted by borotiger
Murfreesboro Tennessee
Member since Jan 2004
14681 posts
Posted on 7/17/21 at 10:18 pm to
quote:

It's just an advanced refundable tax credit.


You don't understand it at all.

I said even if I send it back, I still pay for it and what I said was 100% correct.

This is not free money. Anybody that pays their way through life now has to pay for this too.

There is no free money. This is not hard to understand.
Posted by Mingo Was His NameO
Brooklyn
Member since Mar 2016
37536 posts
Posted on 7/17/21 at 10:22 pm to
quote:

I said even if I send it back, I still pay for it and what I said was 100% correct.


It just makes no sense. If you qualify for it, you get it. It's fully refundable, if you don't qualify for it, then you don't. It's really fricking simple.

quote:

There is no free money. This is not hard to understand.




This has nothing to do with what you said unless you write like you have down syndrome and can't make a coherent point.

You can understand something and disagree with it.

Or you can write indiscernable word salad and then call other people stupid.
This post was edited on 7/17/21 at 10:26 pm
Posted by SuperSaint
Sorting Out OT BS Since '2007'
Member since Sep 2007
150331 posts
Posted on 7/17/21 at 10:25 pm to
quote:

but like those EBT Cards they sent us a couple weeks ago...
wait what’s this wizardry I’ve yet to hear of? They sending out EBT disaster stamps too?
Posted by GreenRockTiger
vortex to the whirlpool of despair
Member since Jun 2020
60605 posts
Posted on 7/17/21 at 10:27 pm to
quote:

They sending out EBT disaster stamps too?


P-EBT - pandemic ebt

For kids in school that might’ve missed their government meals due to at home learning
Posted by borotiger
Murfreesboro Tennessee
Member since Jan 2004
14681 posts
Posted on 7/17/21 at 10:39 pm to
quote:


It just makes no sense. If you qualify for it, you get it. It's fully refundable, if you don't qualify for it, then you don't. It's really fricking simple.


Who's money is it?. The government has never had it's own money.

Tax payers will have to pay for it for generations. This is not free money.

I know people with Downs and the probably understand it better than you.


THERE IS NO FREE MONEY


What an idiot you are.

Posted by Mingo Was His NameO
Brooklyn
Member since Mar 2016
37536 posts
Posted on 7/17/21 at 10:48 pm to
quote:

Who's money is it?. The government has never had it's own money.

Tax payers will have to pay for it for generations. This is not free money.



Your drivel really has nothing to do with what anyone is talking about
Posted by borotiger
Murfreesboro Tennessee
Member since Jan 2004
14681 posts
Posted on 7/17/21 at 10:56 pm to
quote:

Your drivel really has nothing to do with what anyone is talking about


It absolutely does. You just don't have an intelligent rebuttal to it.


Giving out "free" money increases the tax burden on those who actually pay taxes and, as is obvious to everyone but you, is increasing both inflation and soon to be taxes.

My "drivel" is fact. Your responses are emotional and ignorant. Period.



ETA: You are known to be illogical, emotional and politically motivated so I will stop trying to reason with you.
This post was edited on 7/17/21 at 10:59 pm
Posted by Mingo Was His NameO
Brooklyn
Member since Mar 2016
37536 posts
Posted on 7/17/21 at 10:58 pm to
quote:

You just don't have an intelligent rebuttal to it.


I understand what you are saying, it's just irrelevant to the conversation of the thread.

quote:

Giving out "free" money increases the tax burden on those who actually pay taxes


Not necessarily

quote:

is obvious to everyone but you, is increasing both inflation and soon to be taxes.



Inflation, no, soon to be taxes, maybe.

quote:

Your responses are emotional and ignorant. Period.


The only responses that are emotional are yours. You are waxing poetic about a completely different topic, that you probably also know nothing about.
Posted by tgrbaitn08
Member since Dec 2007
148031 posts
Posted on 7/17/21 at 10:58 pm to
quote:


wait what’s this wizardry I’ve yet to hear of? They sending out EBT disaster stamps too?



Each of my kids got EBT cards in the mail a couple weeks ago. They each had $240 on them. We didn’t ask or apply for them nor should we even qualify for them.

I don’t understand all this wasteful spending
Posted by borotiger
Murfreesboro Tennessee
Member since Jan 2004
14681 posts
Posted on 7/17/21 at 10:59 pm to
See my edit.
Posted by Gangsacked
Member since Jan 2019
41 posts
Posted on 7/17/21 at 11:05 pm to
Tn resident. $145k joint (sole) income. Straight to 529 plans.
Posted by Mingo Was His NameO
Brooklyn
Member since Mar 2016
37536 posts
Posted on 7/17/21 at 11:09 pm to
quote:

You are known to be illogical, emotional and politically motivated so I will stop trying to reason with you.


Well, you clearly don't know my politics, but you've already decided what they are so who's the emotional and illogical one? You are the only one projecting your emotions onto what you think I believe.

But it's good to see you hold yourself in such high regard.
Posted by Poichess
Member since Jun 2019
1123 posts
Posted on 7/17/21 at 11:18 pm to
This is the kicker. Say a married couple with two children over age 5 and $220,000 of income got a $500 refund for 2020. Their 2021 income is similar, so that’s too high for this year’s extra child credit. But they’ll still get permanent credits totaling $4,000—and receive half of that in prepayments this year of about $333 a month.
Next year, when they do their 2021 tax return, the $2,000 of prepayments won’t be available to lower their tax bill. So instead of getting a $500 refund, they could owe the IRS $1,500.
Posted by USMEagles
Member since Jan 2018
11811 posts
Posted on 7/17/21 at 11:38 pm to
quote:

150,000 combined income easily includes middle class in almost every state easily.


I don't think it includes all of the middle class.

Is a family pulling in $150,000 per year gross not middle class? With two adults and a kid (a negative population growth birth rate... but whatever) that's $50,000 per capita, per year.

With two adults and two children (still slightly below replacement birth rate), that's not even $40,000 per year per capita. This is not middle class?
Posted by member12
Bob's Country Bunker
Member since May 2008
33142 posts
Posted on 7/17/21 at 11:44 pm to
Yep. We can totally afford all of this bullshite.
Posted by borotiger
Murfreesboro Tennessee
Member since Jan 2004
14681 posts
Posted on 7/17/21 at 11:55 pm to
quote:


Inflation, no


Inflation, no.


The ignorance is breathtaking.
Posted by Mingo Was His NameO
Brooklyn
Member since Mar 2016
37536 posts
Posted on 7/18/21 at 12:00 am to
I understand there's inflation, however blaming it on a one year advanced credit is asinine.
Posted by Vote4MikeAck504
Go Cocks!
Member since Mar 2019
3098 posts
Posted on 7/18/21 at 12:22 am to
That’s why they had kids.
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