Joe Biden Calls for Renewal of Monthly Government Payments to Families

Discussion in 'Current Events' started by JET3534, Jan 17, 2022.

  1. fmw

    fmw Well-Known Member

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    That cut doesn't apply to corporations.
     
  2. Bluesguy

    Bluesguy Well-Known Member Donor

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    Because I am a taxpayer and it is not how it is how much and how inflationary. Why should everyone else pay for their children, I paid for mine with a minimal standard deduction just like for me on my taxes, nothing refundable to me.
     
  3. Bluesguy

    Bluesguy Well-Known Member Donor

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    What refundable tax credits do businesses get?
     
  4. JET3534

    JET3534 Well-Known Member

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    Well obviously you did not even bother to read read the link I provided in the initial post or you would understand that the "credit" and refund can go to people that have paid no taxes. That was the point of starting this thread.

    No disrespect intended, but your post is flat out wrong and you should educate yourself on how our tax system works. We have been paying EITC tax "refunds" to people who have paid no taxes for years. The following will give a basic explanation of how people that don't taxes get refunds.

    https://supersavingtips.com/earned-income-credit/
    Under the new tax plan, families can receive up to $1,400 per child as a tax “refund”, even if they don’t owe any income taxes at all.
     
  5. JET3534

    JET3534 Well-Known Member

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    Your post is a strawman. The issue is not people getting tax credits. The issue is people getting refunds who paid zero taxes.
     
  6. Bluesguy

    Bluesguy Well-Known Member Donor

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    What return am I supposed to get from a pandemic?
     
  7. Vernan89188

    Vernan89188 Well-Known Member

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    Read your own link.
    Just because someone does not pay income taxes does not mean they dont pay taxes. Everything I typed is accurate. If someone payed zero taxes they dont qualify. Sales taxes are taxes as well. The standard deduction is a thing, the refund gives them their money back.

    Why should my tax bill increase? I pay income, and sales taxes.

    The link is not tax advise.
     
    Last edited: Jan 17, 2022
  8. JET3534

    JET3534 Well-Known Member

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    When I had small children I worked during the day and my wife worked evenings and weekends. That approach, of course, requires a traditional family.
     
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  9. JET3534

    JET3534 Well-Known Member

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    Well I will "correct" things then and state that people who do not pay Federal income taxes or have Federal income taxes withheld are getting Federal income tax refunds.
     
  10. Vernan89188

    Vernan89188 Well-Known Member

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    So what. Its their own money.
    That's a good thing.
     
  11. JET3534

    JET3534 Well-Known Member

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    It is their money only by via a twisted sense of liberal/communist entitlement. The money comes from people that pay income tax and is given to people who do not pay income tax. Yet according to you it is their own money. Did you read either of the links I provided? Explain how people not paying income tax and getting and income tax refund are receiving "their own money."
     
    Last edited: Jan 17, 2022
  12. Bluesguy

    Bluesguy Well-Known Member Donor

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    Can you give me an example of something he did that Republicans only hate because he's Biden, that otherwise they would support?
     
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  13. Vernan89188

    Vernan89188 Well-Known Member

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    Irrelevant to my situation. Why should my tax bill increase is the only thing i'm concerned with.
    If people are cheating the tax system, then those loopholes should be closed..but in my situation as someone who has worked since the age of 14, explain to me why this tax cut is a bad thing.

    I dont see you complaining about corporations raping the tax code, so your caring seems biased..You are arguing for a tax increase from my point of view.. Justify it please.
     
    Last edited: Jan 17, 2022
  14. Vernan89188

    Vernan89188 Well-Known Member

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    Government spending.
     
  15. Par10

    Par10 Well-Known Member

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    Refundable tax credit is just a loan against your tax return. There are going to be a lot of sad faces when they do their taxes and find out that they aren't getting a refund this year, or worse, have to pay (with an underpayment penalty in some cases). I say give them all $5k per month this year and let them pay that back next year. (muah-ha-ha-ha)
     
  16. Moonglow

    Moonglow Well-Known Member

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    off-road diesel is a cash rebate.
    mileage deduction.
     
  17. Moonglow

    Moonglow Well-Known Member

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    I doubt you would recognize any rich republicans.
     
  18. SouthernFried87

    SouthernFried87 Banned

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    Sure I would. I doubt you would recognize that there are far more rich liberals. I can list multi-millionaire Democrats all day long.
     
    Last edited: Jan 17, 2022
  19. Vernan89188

    Vernan89188 Well-Known Member

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    Only thing worse then voting democrat, is not being rich and voting republican.
     
  20. FreshAir

    FreshAir Well-Known Member Past Donor

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    many got checks, some food stamps, some child credits, depending need
     
  21. FreshAir

    FreshAir Well-Known Member Past Donor

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    how about we tax corps more that move jobs overseas, so much more that it's cheaper to higher Americans again
     
    Last edited: Jan 17, 2022
  22. The Mello Guy

    The Mello Guy Well-Known Member

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    So you’re against the credit at all, well that’s not the issue right now. Gop had a chance to scrap it when they cut taxes in 2017. Didn’t think it was important I guess.
    I pay lots in taxes, why shouldn’t I get this back?
     
    Last edited: Jan 17, 2022
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  23. Par10

    Par10 Well-Known Member

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    Tax deduction is not a tax credit. Tax credit is not necessarily a refundable tax credit.
     
  24. SouthernFried87

    SouthernFried87 Banned

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    You’re entitled to get nothing back. If Dems had it their way, we would be taxed at 70-80%. That’s what Bernie Sanders and his squad of goons want. Imagine slaving away for 50-60 hours a week to walk away with a lousy 20% of what you earn… all for the sake of a free sorry-ass education from a liberal indoctrination center and free, crappy healthcare.
     
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  25. The Mello Guy

    The Mello Guy Well-Known Member

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    I don’t vote for anyone who wants to tax me at 70-80. Save your strawman
     
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