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Old 02-01-2013, 12:40 PM   #1
ToxSocks ToxSocks is offline
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Originally Posted by Mr. Flopnuts View Post
I'm talking about people who didn't pay 6k in. At all. They still walk with those 6k checks with their child tax credits. I don't know shit about it, because I don't have kids. I do know people though who don't make 16k a year getting 6k IRS income tax returns because of all of their kids.
It has very little to do with the kids, and everything to do with the EITC. Child tax credit is capped at two kids iirc, so it doesn't matter if you have 2 or 10, you only get credit for two. The rest of that "6K" is from the EITC.....and you have to be working and putting in to get that too....
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Old 02-01-2013, 12:48 PM   #2
Buehler445 Buehler445 is offline
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Originally Posted by Detoxing View Post
It has very little to do with the kids, and everything to do with the EITC. Child tax credit is capped at two kids iirc, so it doesn't matter if you have 2 or 10, you only get credit for two. The rest of that "6K" is from the EITC.....and you have to be working and putting in to get that too....
You also have to make a whole lot of not a damn thing and have kids.
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Old 02-01-2013, 12:54 PM   #3
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Originally Posted by Buehler445 View Post
You also have to make a whole lot of not a damn thing and have kids.
Well, the program was obviously made for those on the lower income bracket. A husband and wife with 1 child can make up to $40k a year and still be eligible. 40k may not be a lot between 2 people, but they are certainly "putting in".

Lets say you have a married couple with one child. Dad works as much as he can and is pulling in 30K a year while mom is in school.

That family will likely pull in a 6K + Refund or more.

That's no reason to be bitter at them.
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Old 02-01-2013, 01:19 PM   #4
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Originally Posted by Detoxing View Post
Well, the program was obviously made for those on the lower income bracket. A husband and wife with 1 child can make up to $40k a year and still be eligible. 40k may not be a lot between 2 people, but they are certainly "putting in".

Lets say you have a married couple with one child. Dad works as much as he can and is pulling in 30K a year while mom is in school.

That family will likely pull in a 6K + Refund or more.

That's no reason to be bitter at them.
Depends on where you are. If you are paying in a bunch in tax, why should they get a huge break when you don't? That's why people are bitter.

Also I've seen returns that worthless ****ers make 14000 at some pile of shit job, have a kid, live with the parents and just be ****ing worthless altogether. IIRC they had <500 withheld and are due a refund of 5500. That's what pisses me off more than anything.
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Old 02-03-2013, 11:41 AM   #5
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Originally Posted by Buehler445 View Post
Depends on where you are. If you are paying in a bunch in tax, why should they get a huge break when you don't? That's why people are bitter.

Also I've seen returns that worthless ****ers make 14000 at some pile of shit job, have a kid, live with the parents and just be ****ing worthless altogether. IIRC they had <500 withheld and are due a refund of 5500. That's what pisses me off more than anything.
This. I'm paying that money to them
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Old 02-01-2013, 12:53 PM   #6
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Originally Posted by Detoxing View Post
It has very little to do with the kids, and everything to do with the EITC. Child tax credit is capped at two kids iirc, so it doesn't matter if you have 2 or 10, you only get credit for two. The rest of that "6K" is from the EITC.....and you have to be working and putting in to get that too....
We have 3 kids and got a $3000 tax credit last year. I've never heard anything about it being capped at 2 kids.
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Old 02-01-2013, 12:54 PM   #7
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Originally Posted by Pestilence View Post
We have 3 kids and got a $3000 tax credit last year. I've never heard anything about it being capped at 2 kids.
I could be wrong, but i think it's a 2013 thing.
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Old 02-01-2013, 01:21 PM   #8
ToxSocks ToxSocks is offline
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Originally Posted by Detoxing View Post
I could be wrong, but i think it's a 2013 thing.
Nevermind. I'm wrong. I must've mis-read something. I'll shut up now.
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Old 02-01-2013, 01:51 PM   #9
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Originally Posted by ClevelandBronco View Post
People who don't know the difference between a tax return and a tax refund drive me crazy.
What's the difference, broskino?
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Old 02-01-2013, 02:02 PM   #10
Buehler445 Buehler445 is offline
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Originally Posted by ThaVirus View Post
What's the difference, broskino?
Return = forms sent to IRS calculating total tax liability, payments and what you owe/refund.

Refund = overpayment to IRS.
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Old 02-03-2013, 11:32 AM   #11
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Originally Posted by Buehler445 View Post
Return = forms sent to IRS calculating total tax liability, payments and what you owe/refund.

Refund = overpayment to IRS.
This.
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