re: Not working yet gets a tax refund?

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yeah, we're definitely going to balance the budget on poor people.

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Has nothing to do with balancing the budget.

What is the justification for someone who does not work and thus doesn't pay income taxes getting money in the form of income tax refunds?

This is 100% like someone walking into a bank where they do not have an account and withdrawings a sum of money and walking out.

It makes no damn sense.

It's called a refundable tax credit. IE, welfare. Getting those are the only reason most of the mouth breathers even file their 1040EZ at the Walmart kiosk.

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I get it, you don't like people getting free stuff. No different from any reduction in taxes for rich people tho practically.

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This retarded thinking needs to die. There are even some "conservatives" on this board that think lowering taxes is a handout. Keeping more of what you earned is not free money, a handout, welfare, a subsidy, or any other term you want to use to pretend the money you earn is an unearned payment from the government.

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You only get refund for taxes paid.

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Nope.
LINK

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The maximum EITC credit available for tax year 2024 is $7,830. The Earned Income Tax Credit is available for low- and middle-income workers. This tax credit is refundable, meaning you can claim it even if you had no income tax withheld (you’ll still need to file a tax return to claim it). Your credit amount depends on your income level, filing status, and family size.

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Number of children Maximum credit amount (2024)
0 $632
1 $4,213
2 $6,960
3 or more $7,830

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Go to the link, it doesn't copy/paste well, but can earn up to $59,899 (single), or $66,819 (MFJ), and get that $7,830 with 3 children.

I'd have to go back to my tax returns to when I had 3 kids as dependents, but I was probably making less than that if I account for inflation (wife was SAHM many years). OK, went to an inflation calculator, 2001 AGI was $115K, a middle management tech job, that's only $63K today (below that threshold for EIC). And damn, I was paying some taxes, $11,969! PAID. Instead, they get a CREDIT?

And for perspective the other way round, that $7830 credit would have been $4,315 back in 2001. And a $4,315 CREDIT sure beats $11,969 PAID.

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yeah, we're definitely going to balance the budget on poor people.

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Actually, we will.


All of our waste goes to poor people and they also pay in the least.





Now you could make the argument that money sent to haiti or any of these poor countries don't actually go to poor people. But these programs and funding these programs are supposed to help poor people regardless of if they do or don't.


And in our country, the poor are obese. Unless you are a meth addict and poor. But that's why you are poor, from poor choices.

shite, i would bust my arse, and get maybe $1500 back, derelict neighbor would barely work, pay $1200 into, and get back $5k+, because he could fill his dumb twat of a wife with semen.

One year they got like 8K, i was like what the frick