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Message
God damn it- Final tax bill will allow child credit to be refundable against payroll taxes
Posted on 12/13/17 at 9:41 pm
Posted on 12/13/17 at 9:41 pm
I do not like this at all. It gives A LOT of low income families who pay zero in income taxes an undeserved break. It lowers revenue for a social security system that is already in long term trouble.
Congrats, we just incentivized poor parents to have even more kids.
LINK
The poorest 40% of Americans already get back MORE than they pay in. This stupid addition will make that even more unfair.
quote:
Republicans will make the doubled child tax credit in their tax bill partly refundable against payroll taxes, Sen. Mike Lee, R-Utah, said Wednesday evening, meaning that the tax break will be available to many more low-income families.
The Senate-passed version of the tax bill would have increased the child tax credit from $1,000 to $2,000, but would have limited the benefit for lower-income people by not similarly increasing the portion that would be refundable. Thus taxpayers would get money back from the government even if they didn’t have income tax liability.
Congrats, we just incentivized poor parents to have even more kids.
LINK
The poorest 40% of Americans already get back MORE than they pay in. This stupid addition will make that even more unfair.
14
Posted on 12/13/17 at 9:42 pm to HailHailtoMichigan!
But TRUMP hates poor people.
Posted on 12/13/17 at 9:43 pm to HailHailtoMichigan!
The bill is designed to give the wealthy tax breaks.
Why would you think it does anything else?
Why would you think it does anything else?
Posted on 12/13/17 at 9:43 pm to HailHailtoMichigan!
GOP STILL trying to play favor to people that will NEVER vote for them.
Posted on 12/13/17 at 9:45 pm to mahdragonz
quote:
The bill is designed to give the wealthy tax breaks.
Then why...
quote:
Final tax bill will allow child credit to be refundable against payroll taxes
Posted on 12/13/17 at 9:45 pm to HailHailtoMichigan!
I find it ridiculous you can actually make money from filing taxes.
Posted on 12/13/17 at 9:47 pm to mahdragonz
quote:
The bill is designed to give the wealthy tax breaks.
Why would you think it does anything else?
U know reed 2 gud.
Posted on 12/13/17 at 9:47 pm to HailHailtoMichigan!
The fact that having fricking kids is tied to income taxes is mind boggling if you step back and think about it
Posted on 12/13/17 at 9:48 pm to YoungManOldMan
quote:
I find it ridiculous you can actually make money from filing taxes.
They need to call it what it is, it isn't a tax cut at that point, it's just welfare.
There's like 20-30% of the population who's net tax contribution is negative. For every $1 they contribute they suck out >$1.
Posted on 12/13/17 at 9:52 pm to mahdragonz
quote:
The bill is designed to give the wealthy tax breaks.
Why would you think it does anything else?
Is literacy or comprehension the issue here?
Posted on 12/13/17 at 9:52 pm to HailHailtoMichigan!
quote:There aren't many things I care less about when evaluating a policy than whether it lowers government revenue, even if it's something like SS. Besides if a system is impacted by something like that, then the system is the problem, not the thing impacted it.
It lowers revenue for a social security system that is already in long term trouble.
Posted on 12/13/17 at 9:52 pm to YoungManOldMan
quote:
I find it ridiculous you can actually make money from filing taxes.
Be sure to file early, and file often!
Repubs trying to have a version of the Dem mantra on voting. Next thing ya know they'll be encouraging the dead to file too.
Posted on 12/13/17 at 9:53 pm to HailHailtoMichigan!
Damn. Who put that in there?
Not having the additional credit refundable was a great feature of the bill.
Not having the additional credit refundable was a great feature of the bill.
This post was edited on 12/13/17 at 10:28 pm
Posted on 12/13/17 at 9:53 pm to HailHailtoMichigan!
You know, my wife and I only have one child. Because we are smart and live within our modest six figure yearly income, that we both work hard together to earn.
How about you just go to work, pay your taxes like a good citizen and worry about you and yours like we do.
Trust me, you don't want these people's standard of living.
How about you just go to work, pay your taxes like a good citizen and worry about you and yours like we do.
Trust me, you don't want these people's standard of living.
Posted on 12/13/17 at 9:58 pm to RogerTheShrubber
quote:
Is literacy or comprehension the issue here?
Apparently it is with you. You should try to read up on the rest of the bill to understand the totality of what it accomplishes.
Posted on 12/13/17 at 10:08 pm to zunic
quote:
Apparently it is with you. You should try to read up on the rest of the bill to understand the totality of what it accomplishes.
Im kinda familiar with it
But I'll bet you haven't a clue and are just picking sides
I pay less in federal taxes under the bill and I ain't rich
Posted on 12/13/17 at 10:10 pm to Sidicous
quote:
Repubs trying to have a version of the Dem mantra on voting. Next thing ya know they'll be encouraging the dead to file too.
Republicans are wasting time. The poor are already programmed.
Posted on 12/13/17 at 10:11 pm to IAmReality
quote:
The bill is designed to give the wealthy tax breaks.
Then why...
quote:
Final tax bill will allow child credit to be refundable against payroll taxes
It's called sleight of hand
Posted on 12/13/17 at 10:22 pm to bamarep
quote:
GOP STILL trying to play favor to people that will NEVER vote for them.
Ridiculous, plenty of poor white trump supporters benefit from this deduction. That's the reason they put it back.
Congressional R's are in a tough spot trying to appease the donors (multimillionaires) while not pissing of their poor white base. I wouldn't be surprised if this whole thing blows up.
This post was edited on 12/13/17 at 10:24 pm
Posted on 12/13/17 at 10:23 pm to HailHailtoMichigan!
quote:
God damn it-
So why is this God's fault?!
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