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Reply #24: I'm too confused now... [View All]

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ChicagoSuz219 Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Mar-05-10 05:30 AM
Response to Reply #21
24. I'm too confused now...
I asked someone if someone's SOLE income was what they got from SS, SSD or SSI & came to $12,000 total, would that person be eligible for EarnedITC...
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  -Why $250 checks to SS recipients is a bad idea, and what to do instead eridani  Mar-04-10 04:37 AM   #0 
  - What if Social Security or Disabililty was your only income?  ChicagoSuz219   Mar-04-10 04:51 AM   #1 
  - Did you read the last paragraph?  eridani   Mar-04-10 04:58 AM   #2 
  - I did read it...  ChicagoSuz219   Mar-04-10 08:52 AM   #10 
  - Sorry for the confusion. I was suggesting that the mechanisms that allow for EITC  eridani   Mar-05-10 05:15 AM   #23 
  - because you want everyone to have a perceived "benefit" for political/psychological reasons  pitohui   Mar-04-10 12:52 PM   #15 
     - Well, I think that applies to the idea of SS in general. What my problem is--  eridani   Mar-05-10 02:13 AM   #21 
        - I'm too confused now...  ChicagoSuz219   Mar-05-10 05:30 AM   #24 
           - Absolutely!  eridani   Mar-05-10 09:20 PM   #27 
  - It does once you pass  POAS   Mar-04-10 05:21 AM   #5 
  - Does that mean someone has to make at least 25K to qualify?  ChicagoSuz219   Mar-04-10 08:54 AM   #11 
     - No----this applies to taxation not eligibility.  POAS   Mar-04-10 12:46 PM   #13 
        - Thanks... and what if...  ChicagoSuz219   Mar-04-10 11:01 PM   #18 
           - The answer is NO.  POAS   Mar-05-10 07:12 AM   #26 
              - I meant that the SS credit would be calculated LIKE they do for earned income  eridani   Mar-05-10 09:21 PM   #28 
              - Thanks... I bookmarked the page. n/t  ChicagoSuz219   Mar-06-10 05:05 AM   #29 
  - Is Social Security considered 'earned' income?  CountAllVotes   Mar-04-10 03:55 PM   #16 
     - No, bur you do have to pay taxes on it depending on what other sources of income--  eridani   Mar-05-10 02:15 AM   #22 
  - Check your math  POAS   Mar-04-10 05:13 AM   #3 
  - Oopsie--lost 2 decimal points. Still 1% isn't really a dealbreaker either n/t  eridani   Mar-04-10 05:16 AM   #4 
     - That's what I figured.  POAS   Mar-04-10 05:21 AM   #6 
  - It would have been nice to receive a cost of living  katmondoo   Mar-04-10 06:09 AM   #7 
  - It doesn't help as much as targeting more money to people  eridani   Mar-04-10 06:37 AM   #8 
  - By the time they apply, are checked out and receive the money they are all dead.  Bitwit1234   Mar-04-10 08:50 AM   #9 
  - In my case...  pipi_k   Mar-04-10 09:02 AM   #12 
  - Exactly right.  POAS   Mar-04-10 12:48 PM   #14 
  - You don't "apply" to file an IRS return--you just do it. You get the money in 6 weeks or so.  eridani   Mar-05-10 12:59 AM   #19 
     - Not to mention all the money we'd save by not sending the $250--  eridani   Mar-05-10 02:09 AM   #20 
  - Oh well, I'd prob'ly just spend in on  woofless   Mar-04-10 04:27 PM   #17 
  - LMAO n/t  ChicagoSuz219   Mar-05-10 05:31 AM   #25 
  - Balanced Budget Amendment - nt  Lagomorph   Mar-06-10 05:15 AM   #30 

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