Speaking of child tax credits, did Congress ever fix the loophole where filers
with an ITIN were claiming nieces and nephews who have never even lived in the
United States...and they were getting away with it to the tune of $5 billion
last year?The IG of the IRS has been reporting the problem for five years
now.Did Congress ever fixx that?
Yet with all this and trillions of taxpayer dollars in other wealth transfers to
the poor, we still have not solved poverty! Are we learning anything?
@mountainmanwhile we have not learned how to solve poverty we have learned
that trickle down economics is worse then what we are currently doing. Do you
have anything but failed ideas, we are all ears.
intervention,What we have learned is that taking money from those
who earned it and giving it to those who don't, doesn't work.
Lets remind everyone that rich people like Mitt Romney pay millions in taxes
every year. You and I do not. That means he is paying for the govt resources he
uses AND the govt resources you and I use. Lets not be lazy and
suggest he start paying even more of the govt resources we use; we're
paying very little of what we use. His income has nothing to do
with how many govt resources he consumes. Barack Obama doesn't suddenly
start spending more money because Mitt Romney made more money this year; nor
does barack spend less money if Mitt Romney(or other rich people) had a worse
year financially. When the rich are paying millions and we're
paying a few thousand - its ungrateful and lazy of us to try and demand the rich
pay more. They earned their money. Its lazy and irresponsible to suggest they
pay our bills and our portion of the govt resources we consumeLets
not be lazy. The rich are already paying the great majority of govt resources
you and I consume.
@chris B And again we know giving the rich larger tax breaks makes things
worse not only for the poor but for the entire economy, so again do you have any
new ideas that might actually help?
Income Tax is not a good idea. It was originally introduced for only the rich
but now all but the poorest pay it. Exemptions have not fully kept up with the
cost of living. When Sarah Palin, Mitt Romney and Orrin Hatch et al think that
"the poor" are not paying their share they should remember that there
are exemptions which merely intend that those who have no surplus cannot afford
to pay.I would concur, however, with a plan that entirely revokes
the payment of income tax for everyone, and pay for it by freezing the hiring of
government employees in all but the most basic services. "He whose name
must not be mentioned", but whose initials are RP, had such a plan and what
a great plan it is!Remember the incident of those who paying into the
temple treasury. The Lord's comment regarding the widow's mite is
intended to demonstrate the truth that it is not the amount you pay but the
sacrifice it is to the individual "contributor" that is meaningful. I
wish that would be regarded by the formulators and upholders of taxes, and in
the meditation of what constitutes justice.
intervention,And again we know that taking money from those who
actually earn it and give it to those who don't earn it, doesn't work.
Do you have any ideas that will actually help. And I'll note that even if
this did "work" it does not mean its right. Having a rich person pay
millions in taxes and me only pay a couple thousand is not right. Any ideas that will actually work and that are right?
The EIC replaces higher wages. It allows business to pay lower wages, and
taxpayers to subsidize the poor workers. It's no wonder the US is a magnet
for foreign citizens.
I understand that this anti poverty credit helps people. However, where did the
notion come from that this is "their money"? The example of how some of
these people spend this "welfare" money is also worth noting. "What
is $500 when the government is giving me $6,000?". The same attitude exists
when people say, why should I pay for health insurance when I can go to the
emergency room for free? Taking away accountability produces this kind of
victum and or underpriviledged entitlment attitude. The article
also seems to bemoan that this large surplus of cash is not going for items
considered luxeries. That four wheeler might be nice but I would hope if someone
is poor enough to need this gift then they should use it for bigger tickeet
necessities like car repair, appliance replacement etc.
The "Earned Income Tax Credit" is nothing but a socialist forcible
redistribution of wealth, from the "makers" to the "takers."Worse, it is a vehicle for massive fraud rewarding outright criminals to
the tune of billions of dollars.But, we cannot afford to cut
government spending by a single dollar anywhere.Soon, total
confiscation of every dime EARNED by workers will not be enough to even cover
the interest on the huge debts run up trying to fix poverty by giving people
money instead of creating opportunities for them to work their way out of
poverty. But, it wins votes from the "takers."
The credits may or may not relieve poverty, but at least these people are
working. Reduction of poverty needs a lot of things. Getting off welfare
requires incentives such as in the Clinton Gingrich era when 2/3 of the welfare
folks went off welfare, but Obama has reduced the restrictions so poverty goes
@interventionTrilliona in income redistribution not a single poor
person is rich.Trickle does not work? You don't know nor
understand trickle down.Real life Trickle Down example:Bill Gates and few friends start company called Microsoft. after
a few decades, they created over 12000 millionaires, created
very good jobs with benefits for hundred of thousands of people
beyond that they created or helped create a windows/pc/internet
industry, that has made thousands upon thousands rich and provided
jobs for millions of people.Not to mention all the benefits and
jobs created in other segments of society like business and education, sports,
entertainment, communications, to just name a few.Can government
redistribution claim the same?Would government meddling have helped?
OR was it better they got out of the way of technology?tickle down
doesn't work?think again!
How many posters are receiving then EIC while actively demeaning it?Probably most because Utahns are net takers from the gubernmint not net
makers. Look it up if you don't believe me.