hfojvt
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Tue Aug-31-10 02:58 PM
Response to Reply #44 |
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"and especially those making over $75,000 can pay for their own child care expenses and college expenses without getting effective subsidies from people who make minimum wage, or less."
There are over 22 million tax filers making less than 20K and more than 10K. Some of them have children (although only 1.3 million are listed as taking the child tax credit - aha almost 7 million of them use the "additional child tax credit"). I think 40K is twice as much as 20K although I could be wrong about that. These days I cannot even balance a checkbook without a calculator.
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| -Do you think the tax credit for dependant children should be eliminated? |
Stinky The Clown |
Aug-31-10 10:01 AM |
#0 |
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No. |
redwitch |
Aug-31-10 10:02 AM |
#1 |
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Hell No! |
OmahaBlueDog |
Aug-31-10 10:03 AM |
#2 |
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An emphatic NO!!!!! |
OmmmSweetOmmm |
Aug-31-10 10:05 AM |
#3 |
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Here's what our tax 'breaks' amount to. Which ones should we eliminate? |
sinkingfeeling |
Aug-31-10 10:08 AM |
#4 |
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I wish they would add two columns to that |
hfojvt |
Aug-31-10 10:48 AM |
#19 |
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You are forgetting about the Alternative Minimum tax. |
county worker |
Aug-31-10 01:53 PM |
#36 |
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well I would expect the IRS to include that in their stats on the credits |
hfojvt |
Aug-31-10 02:45 PM |
#48 |
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Doesn't healthcare reform eliminate #1? So that's a start. n/t |
jpljr77 |
Aug-31-10 01:52 PM |
#35 |
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No. |
Llewlladdwr |
Aug-31-10 10:09 AM |
#5 |
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No |
lukasahero |
Aug-31-10 10:11 AM |
#6 |
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Of course not |
Andy823 |
Aug-31-10 10:12 AM |
#7 |
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Just curious.. |
Peacetrain |
Aug-31-10 10:13 AM |
#8 |
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There are people who wish to severely reduce taxes and this is an idea being floated. |
Stinky The Clown |
Aug-31-10 10:17 AM |
#9 |
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Wouldn't eliminating the credit actually cause one's taxes to increase? |
Llewlladdwr |
Aug-31-10 10:19 AM |
#11 |
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Just noticed this is a progressive credit |
BadgerKid |
Aug-31-10 10:40 AM |
#18 |
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that makes sense in theory, but what do the facts say? |
hfojvt |
Aug-31-10 11:37 AM |
#21 |
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Who's floating it? n/t |
BadgerKid |
Aug-31-10 10:39 AM |
#17 |
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I heard it from three people in three conversations. |
Stinky The Clown |
Aug-31-10 12:32 PM |
#22 |
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yes to both |
hfojvt |
Aug-31-10 10:19 AM |
#10 |
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Why would you support eliminating these tax credits? |
Llewlladdwr |
Aug-31-10 10:21 AM |
#13 |
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because most of the benefits goto those with higher incomes |
hfojvt |
Aug-31-10 11:08 AM |
#20 |
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There you go again, using facts. |
Boojatta |
Aug-31-10 12:38 PM |
#23 |
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The child tax credit is very helpful to parents with low and modest incomes -- |
uncommon |
Aug-31-10 12:39 PM |
#25 |
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the cutoff for eic qualification is $13,440 if you are single with no kids |
fizzgig |
Aug-31-10 12:49 PM |
#27 |
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The person who posted here had income lower than that. |
uncommon |
Aug-31-10 12:51 PM |
#28 |
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and I did get an EIC |
hfojvt |
Aug-31-10 01:46 PM |
#32 |
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I have received it in the past using the free version of Turbo Tax... |
uncommon |
Aug-31-10 02:09 PM |
#38 |
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Also, a couple making a combined household income of $50K is hardly rolling in dough - |
uncommon |
Aug-31-10 12:40 PM |
#26 |
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I agree. |
BlueCheese |
Aug-31-10 02:56 PM |
#50 |
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Let me take this in steps... |
Llewlladdwr |
Aug-31-10 01:32 PM |
#30 |
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a couple making $16,000 already gets an EIC of $2,853 |
hfojvt |
Aug-31-10 02:14 PM |
#39 |
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I think you have a completely unrealistic view of income and expenses -- $40K a year |
uncommon |
Aug-31-10 02:19 PM |
#40 |
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well there were 41.3 million tax filers making less than 30K and more than 10K |
hfojvt |
Aug-31-10 02:31 PM |
#43 |
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There is a *HUGE* difference between $40K and $100K lol. |
uncommon |
Aug-31-10 02:38 PM |
#44 |
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as I said though |
hfojvt |
Aug-31-10 02:58 PM |
#51 |
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As an aside - where do you live that you own a house on $11K a year, because I need to move. |
uncommon |
Aug-31-10 02:20 PM |
#41 |
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any place where you can finds houses for less than 35K |
hfojvt |
Aug-31-10 02:41 PM |
#45 |
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No. In fact, I think the tax credit for each person in a family should be |
Zoeisright |
Aug-31-10 10:20 AM |
#12 |
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No... |
a la izquierda |
Aug-31-10 10:27 AM |
#14 |
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The MICC needs your bucks to keep the war machine running. |
unhappycamper |
Aug-31-10 10:32 AM |
#15 |
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Nope |
JustAnotherGen |
Aug-31-10 10:32 AM |
#16 |
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No, and I think I should get tax credits for my dependent cats |
slackmaster |
Aug-31-10 12:38 PM |
#24 |
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Yeah... |
Subdivisions |
Aug-31-10 12:52 PM |
#29 |
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Isn't it discrimination against people who are |
562dem |
Aug-31-10 01:38 PM |
#31 |
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Adopted children are eligible for these credits.. n/t |
Fumesucker |
Aug-31-10 01:49 PM |
#33 |
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No, but I wish to end breaks for couples and homeowners. |
TheKentuckian |
Aug-31-10 01:52 PM |
#34 |
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Above a certain income, yes |
REP |
Aug-31-10 02:08 PM |
#37 |
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Above two children, perhaps. |
Matariki |
Aug-31-10 02:21 PM |
#42 |
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Sure, right after the deferred income from foreign companies. n/t |
Vickers |
Aug-31-10 02:42 PM |
#46 |
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credit for ONE dependent child per adult only |
Scout |
Aug-31-10 02:43 PM |
#47 |
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This is probably not popular... |
BlueCheese |
Aug-31-10 02:53 PM |
#49 |
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