Originally Posted by KurtCobain (Post 14803500)

Shouldn't that just be for the money you paid in, though?

Originally Posted by Halfcan (Post 14803508)

Taxes are set up like a bell curve. If they are getting child support payments, they have to count it as income. So their refunds are going from nothing to money coming back to them, before it goes back down to zero. If they are right at the arc ( 16,000 to 20,000 I am guessing) They will pay no tax and then get a Child Tax Credit for each kid ( $2,500 to $3,500 I think).

So they get $17,500 from their baby daddies for child support- in which it is under the threshold + they count themselves as a standard deduction- then get a refund for each kid.

That is how the get 3 k to 7 k back when never paying a dime.

Those loopholes might have been changed, so check with your tax guy. :thumb:

Originally Posted by Spott (Post 14803505)

Billay was very concerned about this yesterday.

Actually, the crap you see in public restrooms is pretty insane. I really have no idea how people manage to shit on the walls and just about anywhere else besides in the toilet.

Originally Posted by candyman (Post 14803511)

You do not have to claim child support as income.

Originally Posted by Halfcan (Post 14803516)

Dang, even a better deal. Free money. So the Daddy has to pay taxes on the money he earns- then gives it for support, in which the recipient does not have to pay? Sweet.

Originally Posted by The Franchise (Post 14803518)

Well wouldn’t that be taxing it twice?

Originally Posted by Sofa King (Post 14803818)

I've had a terrible week. Major life changes. Fear of the unknown is a haunting bitch.

Originally Posted by KurtCobain (Post 14803473)

The beginning of the offseason around here is usually filled with so much anger regarding how the season ended. I always assumed that even if we won the super bowl there would still be people fuming at something the Chiefs had done, but it's been pretty quiet. I think everyone is still joining the euphoria that set in on the night of February 2nd. And that's a beautiful thing.

However, I know that you know that we're all still angry about something, even if surprisingly it has nothing to do with the Kansas City Chiefs organization. Well, here is the thread to vent out your frustrations this offseason. No judgments allowed!!

You know what really grinds my gears? All these stupid bitches on my Facebook timeline they keep posting about getting their 'taxes'. I can't wait for my taxes to get here!! No man better be trying to use me for my taxes!! The only ****ing people waiting on taxes is the government. You dumb hoes are waiting on your tax REFUND. Big ****ing difference. You were dumb enough to overpay all year long and let the government hold onto your money with no interest and now you really need it back, I get it. Just know what the **** you are talking about before you talk about it every damn day.

Originally Posted by Sofa King (Post 14803818)

I've had a terrible week. Major life changes. Fear of the unknown is a haunting bitch.