Originally posted by: retrospooty
Originally posted by: CADsortaGUY
Originally posted by: retrospooty
I keep hearing this... How can anyone make 18k per year and pay no taxes? When I was young and just starting out I made 10, 12, 15k per year the first 3 years and I paid a couple thousand in taxes, most of it federal.Originally posted by: Genx87
His tax plan for the middle class isnt just rolling back taxes for the wealthy. It gives refundable tax credits to households under 250K in income. Refundable means if I make 18K a year and effectively pay 0 in income tax I get a check for 500 bucks from the govt.
Serious question: Who are these people that reportedly pay zero tax and where is the proof that they dont pay? I mean I hear it, but see nothing that proves its real.
My sister and her husband don't pay any income tax. they actually get more money back from filing federal tax returns than they paid in federal income taxes.
4 kids, she doesn't work, he works as a church camp director(making jack squat).
Know why I know? I've done their taxes...I do it for free but they have to sit through my lecture on how it's wrong they get more than they pay in. I am a big believer in "NET ZERO" for income taxes.
I guess that makes sense... when I was young and made jack squat, I was single, no dependants and no deductions. Ya, I dont like the idea of giving a $500 credit to these people, if they paid nothing.
Obama's entire tax plan revolves around a half dozen 'credits' to people who pay nothing.
"The inherent vice of capitalism is the unequal sharing of blessings; the inherent virtue of socialism is the equal sharing of miseries. " - Winston Churchill
