sm625
Diamond Member
- May 6, 2011
- 8,172
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I have been thinking lately that a program like (EIC), Earned Income Credit, is better than welfare. The reason I like it is that if you work at least part time for 6 months and make somewhere around $8k-$12k, you can get back about $8,k on your taxes. You get some kind of EIC payment or credit, plus one exemption for yourself and one for each dependent child. However, you have to work for it. It makes that measly part time job look a little better.
I dont know where you get those numbers from. With one child, and $10k of income, your EIC would be $3350. That is the equivalent of a 33.5% higher wage. At any rate, I do agree somewhat. It is an extra $280 a month which is often better than the food stamps. The problem is they also give up cash assistance and have to pay additional expenses. The most common ones being a car payment and daycare. There is no way it makes sense to get off of $250 a month of food and $250 a month in cash assistance just to get a job where all your money goes into a car payment, additional insurance, and daycare. Add potential child support increases onto that and the hole gets even deeper. Friend of the court is one of the biggest reason people get on and stay on welfare. It is the only way to get any income without having literally all of it taken by child support and unavoidable work related expenses. And when I say literally all, I mean literally all, as in 100%. When you do the math it literally works out to having no additional money compared to being on welfare. Unfortunately once you are stuck in a situation where it is most economical to remain on welfare, you end up with zero future earning potential.
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