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re: Biden to send child tax credits to 39 million families

Posted on 7/14/21 at 2:46 pm to
Posted by SlowFlowPro
Simple Solutions to Complex Probs
Member since Jan 2004
423375 posts
Posted on 7/14/21 at 2:46 pm to
quote:

Imagine many of these folks horror when their returns are much lower in January/February..

you KNOW it's coming
Posted by Areddishfish
The Wild West
Member since Oct 2015
6284 posts
Posted on 7/14/21 at 3:06 pm to
We unenrolled. I had to prove my identity way more times in trying to unenroll than I ever had to do voting or filing taxes.
Posted by Azkiger
Member since Nov 2016
21784 posts
Posted on 7/14/21 at 3:10 pm to
I was told policies that affected different races differently was racist even if there was no discrimination written into said policy.

I wonder which families are benefiting most...?
Posted by LSUSkip
Central, LA
Member since Jul 2012
17614 posts
Posted on 7/14/21 at 3:20 pm to
quote:

The bad thing is you have to go online and decline this.


Ugh, I didn't. Guess I'll be getting that money tomorrow? I'll just invest it. Earn some interest on it before I give it back.
Posted by cajunangelle
Member since Oct 2012
147278 posts
Posted on 7/14/21 at 3:21 pm to
quote:

It's a phase out over $150k for married:
This is a calculator if you scroll down

For example a married couple with 1 child under 6 would receive this year:

$150k income or less - $300/mo (6 mo.) + $1.8 credit on tax return

$175k income - $195.83/mo (6 mo.) + $1,175 credit on tax return

$182k-$400k income - $166.67/mo (6 mo.) + $1,000 credit on tax return [So same as previous child tax credit of $2k with monthly option]

$425k income - $62.50/mo (6 mo.) + $375 credit on tax return

$440k+ income - $0
Thanks. Wow. Like a couple making $440K a year GAF and waits online for $62.50 a month That is the tip at Ruth Chris'
Posted by fischd1
Mandeville
Member since Dec 2007
2839 posts
Posted on 7/14/21 at 3:28 pm to
This is called the beginning of Income redistribution in America. It is only the beginning of Biden’s guaranteed monthly income plan for poor peoples votes. There will be more poor people goodies in Joe’s 3.5 trillion $ infrastructure bill as well. I am afraid that America as we know it is over. I hope I’m wrong.
Posted by GRTiger
On a roof eating alligator pie
Member since Dec 2008
63198 posts
Posted on 7/14/21 at 3:37 pm to
quote:

To all who receive these checks....you're welcome from the American taxpayers.



are you suggesting everyone who gets a CTC is a non-taxpayer? You might want to read up on this thing before speaking further on the subject.
Posted by jeffsdad
Member since Mar 2007
21488 posts
Posted on 7/14/21 at 3:51 pm to
Pedo Joe
Posted by ApexTiger
cary nc
Member since Oct 2003
53777 posts
Posted on 7/14/21 at 3:58 pm to
we're trying to opt out....

pain in the butt
Posted by real turf fan
East Tennessee
Member since Dec 2016
8699 posts
Posted on 7/14/21 at 4:01 pm to
Is there anyway those checks can bounce?
Posted by MAADFACTS
Member since Jul 2021
1280 posts
Posted on 7/14/21 at 4:02 pm to
quote:

quote:
Buying more votes at the cost of the American taxpayer.

They're gonna be so pissed when they find out I will never vote for a single democrat ever again and still take their money.

Jokes on them. Thanks for the guns and ammo I will buy with this extra cash



exactly. we earned that money in the first place, might as well spend it where we want. i don't get the urge to "opt out" as a protest. what is the end result? the government keeps more of your money and gives it to someone else?
Posted by TNoon
Member since Nov 2020
2478 posts
Posted on 7/14/21 at 4:02 pm to
Tax payers buying future democratic votes.
Posted by LedDawgK
GA
Member since Jan 2013
1858 posts
Posted on 7/15/21 at 9:15 am to
Bunch of rich baws on this site...who knew?
Posted by tgerb8
Huntsvegas
Member since Aug 2007
5997 posts
Posted on 7/15/21 at 9:46 am to
quote:

how you have a child in poverty if you make 74k a year?
Like wtf?


Yeah. I don't get tax code at all. Or the thought process behind this... But I make slightly below 150 and my wife doesn't work. Maybe I'm poor and I didn't realize it, but we live plenty comfortably. Don't need this or the thousands of other dollars they sent our way during the pandemic. But whatever. Spent it on ammo and freeze dried food (which has been hit pretty hard by inflation too unfortunately).
Posted by ned nederlander
Member since Dec 2012
4321 posts
Posted on 7/15/21 at 11:05 am to
quote:

Imagine many of these folks horror when their returns are much lower in January/February... They will be screaming to high heaven about their return being cut...


My prediction is this will be an extremely popular program. Which makes sense as this is originally a republican idea being implemented by the democrats. The last big republican idea implemented by a democratic president is likewise very popular today.

From a pure policy perspective I certainly believe a direct subsidy is more effective to achieving the policy goals of this federal expenditure than a child tax credit. Alternatively, I’d entertain eliminating this expenditure entirely but there isnt a political party interested in cutting spending. So as long as our federal budget contains mountains of corporate welfare I’m happy to see individual families get thrown a bone here.

It’s also weird to me to see so many people proudly stating they will opt out. Since when has this board been in favor of giving the government interest free loans?
Posted by Aggie1965
Member since Apr 2021
117 posts
Posted on 7/15/21 at 11:44 am to
quote:

Wish they would just do their primary job and finalize my f***king tax return


I am now >90 days waiting and “still being processed”. If Paul Dietzel was still alive, the LSU defense wouldn’t be Chinese Bandits, they’d be the IRS,
This post was edited on 7/15/21 at 11:49 am
Posted by Pettifogger
Capitol Hill Autonomous Zone
Member since Feb 2012
79322 posts
Posted on 7/15/21 at 11:50 am to
quote:

you KNOW it's coming



As someone else mentioned, I suspect the leftists appreciate this and have already plotted how they'll remedy it for some portion of the population.

Like how we couldn't use payroll tax breaks to help COVID unemployment because leftists objected that people who were already unemployed weren't paying them anyway and wouldn't get anything. It's absurd.
Posted by Pettifogger
Capitol Hill Autonomous Zone
Member since Feb 2012
79322 posts
Posted on 7/15/21 at 11:51 am to
quote:

Thanks. Wow. Like a couple making $440K a year GAF and waits online for $62.50 a month That is the tip at Ruth Chris'



It's also their money, so I suspect plenty of them do give a shite
Posted by teke184
Zachary, LA
Member since Jan 2007
96408 posts
Posted on 7/15/21 at 11:53 am to
Chavis’ defense would be the Biden Administration. Just let everyone run straight past you across the border.
Posted by AUFANATL
Member since Dec 2007
3928 posts
Posted on 7/15/21 at 11:59 am to
quote:

It’s also weird to me to see so many people proudly stating they will opt out. Since when has this board been in favor of giving the government interest free loans?


No kids here but...

If you direct deposit $300 into my girlfriend's bank account every month, she will piss away every penny of that money at Starbucks, Target, online clothing retailer, etc.

If you send her a $3000 check in March, she will deposit that entire check into her IRA and allow her investments to grow until retirement.

I'm sure a lot of men - and some women - can sympathize.
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