So we did our 2013 tax returns today. We found out that because our income exceeded 48k (total family) we lost our ability to have child credits. If my math is correct, it was worth around $1500 worth of federal tax return. WTF!!!!!
Good, because I hate that breeders get special treatment because they create more tax burdens for me.
Gotta admit, being in bed with the health insurance companies, stuff like this, y'all sure Obama ain't republican?
The problem is the breeders don't make $48k a year. The breeders are on Welfair, etc. They still get the credit and incentive to breed
Yep. The govt thinks they're investing in the future by paying people to have kids. Future tax payers. I think I should be given a tax break for not causing undue stress on the govt for not having kids.
hasnt it been republicans complaining for the past 5 years that 47% of people dont pay taxes due to the EIC? My taxes went up this year too.....because congress refused to extend the obama tax breaks.
That's the first time I've ever heard that. You'll need to cite that one. You should be happy to lose that "tax break". Nothing could be more patriotic than paying the bills that you demand be run up.
Which one is fair tax? Is that where everybody pays the same percentage of the one that's based on sales tax? I can see everyone paying the same rate as fair. Sales tax based rates would really hit the poor hard because they spend nearly all that they make.
So, you're a nuke'em all kinda guy. Get it over with simple and fast. Enough of this trying to sort out the bad guys from the innocents, enough of this "hearts and minds" bullshit. Enough of this tree hugging, bleeding heart liberal bullshit! Kill'em all, and let Allah sort them out. Is that what you demanded?
The Obama "tax breaks" were a gimmick. Social security and Medicare are already well on their way to financially ruining us, reducing the programs' revenue streams won't solve anything. We need to work on the spend side of the equation and kill both programs.
The tax code is a piece of shit. In California, 48k gross income with 2 adults and a kid won't get you much at all. You get penalized for working while the worthless section 8 welfare shits do nothing, but I guess that's the new normal. If you start a business you get screwed even harder, especially with Obama's new rates and surtaxes on capital gains. I wouldn't worry about it. Pretty soon, social spending will consume so much money that the military will be cut to the bone and become a pathetic shadow of its former self. Then we won't be able to beat even Cuba with conventional arms, let alone nuke 'em. Don't believe me? See: United Kingdom
And thats why they are poor. Its not magic... if you make less you spend less and your effective tax rate will remain low.
Obama hasn't passed jack spit. He doesn't have the power. If he, or anyone else wants credit for anything they perceive as positive, they need to be willing to accept the blame for the rest. So far, Obama has not shown much in the way of personal accountability.
I'm not talking about the idiots making 30k/yr but driving a BMW, I'm talking about the people that just make enough to survive, spending their money on necessities.
I am not going to cite chapter an verse of the different options out there, but most have provisions for the poor, including prebates and reduced overall costs because of the elimination of the taxes imbedded into goods and services before the current sales tax is applied. If you want more info, use the search engine of your choice.
not sure which demographic you are talking about? Do these poor people have 2 kids (or more) & 1 income? Now who is an idiot? The beemer can be sold, traded, or repo'd.