$14K wage earner gets $8k tax refund?????

Ineverplayedthegame

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What's the big deal? I mean you all are assuming a lot. What if she isn't abusing the system and lives at home in her parents basemen just doing the best she can because she fell for some bum.

Situations like this aren't the problem, at least she is working and trying. Maybe she chose daycare because as an employee it's free care for her children so in this situation it actually is a benefit.
Sounds like she fell for him twice.
 
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SkyPrince1

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Show me where I put an amount on it. I'm just speculating that she claimed 0 on her W4. Comes time to file, she claims 3 (herself and 2 kids), get earned income tax credit, and child tax credit. Earned income credit can pay you back more than you paid in, which is crazy but that's the regulation right now.

Reality is though, I'm guessing she didn't get $8K back. I'd say it's less but she likely fluffed the number and then in the game of telephone it got elevated to this.

No I'd say the 8k is accuate.

Most of the temps where I work are 20 something females with children. I've heard of refunds as high as 11k.

It's not just tax refunds. If you are from a low to moderate income family and go to a 2 yr Tech college, your Pell Grant will far excede the cost of attendance.

Again, I don't know how many times I've heard the girls discuss purchases made with "school money".
 
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starchief

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The problem is that if she would just adjust her withholding she wouldn't struggle paycheck to paycheck so much. Too many people get too excited about getting a huge tax return like its something special. They don't realize they just gave the government an interest free loan for a year and now they're just getting paid back. Most people want to blow through those returns as soon as they get them, instead of investing some of the money. I guess transportation and clothes would classify as a responsible way to spend the money as long as she still did that frugally, so I'm not going to rant about the case in point, but in general, she should adjust her withholding in order to take home more money on a monthly basis.

Yep. Could have taken that money that was withheld, put it in the bank and earned .0025 % in interest on it.
 
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MegaBlue05

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So, if the poor person doesn't work at all, they're moochers.

If they do work, but receive a large refund because they're eligible for extra cuts and breaks for being a single parent raising two children, also moochers.

I don't get you people sometimes.

You know who else didn't pay taxes last year? CBS Corp., Owens Corning, Mattell Inc.

They earned more than a combined $2 billion. That's what burns me up. People bitching about those barely scraping by with their handouts and breaks, but turning a blind eye to profitable companies getting a free pass.
 

rmattox

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So, if the poor person doesn't work at all, they're moochers.

If they do work, but receive a large refund because they're eligible for extra cuts and breaks for being a single parent raising two children, also moochers.

I don't get you people sometimes.

You know who else didn't pay taxes last year? CBS Corp., Owens Corning, Mattell Inc.

They earned more than a combined $2 billion. That's what burns me up. People bitching about those barely scraping by with their handouts and breaks, but turning a blind eye to profitable companies getting a free pass.

Who is paying for those handouts?
 

DNOKAT

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Those profitable companies at the very least provide jobs. These individuals can't take care of themselves for years, if ever, and must depend on the rest of us to pay their bills.
 
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krazykats

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Those companies create jobs which pay taxes, they also match those taxes, they also have employees spending money paying sales tax......so please with the "they don't pay income tax" good lord some of you are lost.

The girl is working and smar enough to be somewhere that assist on childcare. Knock and judge all you want but I say kudos to her.

Again I'm fine knowing my taxes help that person over about 70% of the people they actually help.
 
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joeyrupption

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And if WalMart didn't evade taxes to the tune of 76 billion, they would pay for the tax refund 9.75 million of these low lifes.
 
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Good for her. She's working. She's only taking what the tax laws says she is entitled to, no shame in that. I'd rather her get it than send the money to some country that hates our guts.

I do hope the SUV is a Toyota though with that 160k on it.
 

RacerX.ksr

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And if WalMart didn't evade taxes to the tune of 76 billion, they would pay for the tax refund 9.75 million of these low lifes.

You should report Walmart to the IRS. You might be eligible for a 7.6 million dollar reward. Unless of course by "evade" you mean follow the tax laws that exist in this country.
 
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qwesley

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It is unfortunate that some/most people cannot fathom or are too melodramatic to understand that having an issue with an element of the tax system does not mean you think there are no other issues with said (and unpopular) tax system. At nearly $20T in debt and with most states and munis in dire straights and trending even worse, I am sure there are many other issues to discuss. Start a thread and see. Unsurprisingly people saying our tax system should not be a welfare system turned into hating poor people. Paying zero is just not good enough. Goes to show that there should be major due diligence put into place before putting in a new giveaway because they can never be discussed again much less be trimmed as illustrated here.
 

cat_in_the_hat

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So, if the poor person doesn't work at all, they're moochers.

If they do work, but receive a large refund because they're eligible for extra cuts and breaks for being a single parent raising two children, also moochers.

I don't get you people sometimes.

You know who else didn't pay taxes last year? CBS Corp., Owens Corning, Mattell Inc.

They earned more than a combined $2 billion. That's what burns me up. People bitching about those barely scraping by with their handouts and breaks, but turning a blind eye to profitable companies getting a free pass.
I got news for you. Companies don't pay taxes. Consumers pay taxes. Raising taxes on corporations just masks a tax increase on consumers. That is why certain politicians harp on it. It's a way for them to raise taxes on people without most of them being intelligent to figure it out.
 

qwesley

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I got news for you. Companies don't pay taxes. Consumers pay taxes. Raising taxes on corporations just masks a tax increase on consumers. That is why certain politicians harp on it. It's a way for them to raise taxes on people without most of them being intelligent to figure it out.
And why they want a VAT.
 

MegaBlue05

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Who is paying for those handouts?

For the corporations? You and me, just like with what I call the three welfares (social, military, corporate). Money is pissed away hand over fist in all three, but people only complain endlessly about the first one.

Look, I don't like welfare either. I've worked constantly since age 16 and have never received a penny of government assistance. I just don't understand why a young woman who IS employed and trying to make the most out of a garbage situation is being criticized, while the giant "big business" machine is propped up and thought of as awesome by several of you in this thread

The entire system is broken from the top down, but the people who abuse it on the bottom are demonized a hell of lot more harshly than the ones on the top, especially in areas like this one. Why is that?
 
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MegaBlue05

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It is unfortunate that some/most people cannot fathom or are too melodramatic to understand that having an issue with an element of the tax system does not mean you think there are no other issues with said (and unpopular) tax system. At nearly $20T in debt and with most states and munis in dire straights and trending even worse, I am sure there are many other issues to discuss. Start a thread and see. Unsurprisingly people saying our tax system should not be a welfare system turned into hating poor people. Paying zero is just not good enough. Goes to show that there should be major due diligence put into place before putting in a new giveaway because they can never be discussed again much less be trimmed as illustrated here.

I agree with this, as long as no new giveaways are given to the big dogs, too. You are spot on in the rest of your assessment.
 

cat_in_the_hat

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For the corporations? You and me, just like with what I call the three welfares (social, military, corporate). Money is pissed away hand over fist in all three, but people only complain endlessly about the first one.

Look, I don't like welfare either. I've worked constantly since age 16 and have never received a penny of government assistance. I just don't understand why a young woman who IS employed and trying to make the most out of a garbage situation is being criticized, while the giant "big business" machine is propped up and thought of as awesome by several of you in this thread

The entire system is broken from the top down, but the people who abuse it on the bottom are demonized a hell of lot more harshly than the ones on the top, especially in areas like this one. Why is that?
Because the idea that raising taxes on corporations somehow lowers the tax burden on individuals is a fallacy. When taxes are raised on corporations, businesses, etc., those taxes are paid by consumers through the prices of the products and services they buy. It is still a tax increase on all of us, it is just not a direct tax. I would rather corporations not pay taxes. I think it would be a much better check on run away government if people knew exactly how much they are paying in taxes instead of some of it being hidden in the price of the products we buy. You and I have no real idea what we really pay in taxes and the politicians like it that way.
 

Saguaro Cat

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Because the idea that raising taxes on corporations somehow lowers the tax burden on individuals is a fallacy. When taxes are raised on corporations, businesses, etc., those taxes are paid by consumers through the prices of the products and services they buy. It is still a tax increase on all of us, it is just not a direct tax. I would rather corporations not pay taxes. I think it would be a much better check on run away government if people knew exactly how much they are paying in taxes instead of some of it being hidden in the price of the products we buy. You and I have no real idea what we really pay in taxes and the politicians like it that way.

You think coke sells sugar water at the lowest price they can after all the costs have been added up? They sell it for what they can. If they could sell a can for $5, they would do it right now. They wouldn't drop the price a penny if all the taxes in the world were eliminated and a gold meteor fell from the sky and landed in their parking lot.
 

TruBluCatFan

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You should report Walmart to the IRS. You might be eligible for a 7.6 million dollar reward. Unless of course by "evade" you mean follow the tax laws that exist in this country.

Good call. The "logic" in this thread is hilarious.

If we shouldn't be mad at this girl for taking advantage of the laws enacted by people we elected then we shouldn't be mad at Wal-Mart or any other corporation for doing the same thing? Amirite?
 

qwesley

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It's funny how not a single person commented on this...
a) the use of "low life" that no one used meant he was only interested in drama
b. every company in America will put resources toward minimizing their tax burden. In the end if those taxes go up they will either shed workforce or raise prices. Those two actions both also include being a negative for the poor in Walmart's case.

Apple is sitting on $200b in cash, if the govt passed a windfall tax like the left has wanted and took half of it (you still have $100b guys!), would Apple shrug it off or adjust other areas?

No doubt that corporate taxes need to be streamlined and loopholes closed but people need not ignore basic cause and effect. See small biz and ACA and the $15 min wage in certain cities as well.
 
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-LEK-

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No doubt. That terrible woman milking the system. Everything wrong... All those virtuous companies cheating billions, but it's the woman who is bad...
 

ukalum01

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Playing by the rules in place isn't cheating the system (this applies to individuals maximizing their refunds and corporations moving their headquarters to Ireland, equally).
 

Bill Cosby

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Aw, it's cute, when Bill posts. So much that goes over his head. It's like you're trying to play grown up.

Yep, good stuff LEK. Please keep us updated with your thoughts on "tax evasion" and corporations "cheating" the system. It shows you really grasp the specifics of the issues.
 
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RacerX.ksr

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LEK once again showing top notch reading comprehension.

You may have missed the best part, I know qwesley did. Lek made his first post about nobody replying as a juvenile swipe at me. He thought he was demonstrating that he had me on ignore, as he has claimed many times before. I was the only person that had replied to that post at that time. What he actually demonstrated is that he is TOO STUPID to know how ignore works.

You see, lek, IF you had me on ignore, THEN you wouldn't have known I had replied. Putting me on ignore and then taking me off to read what I write is the opposite of ignore. You are actually putting in more effort to see what I say. Thanks little buddy.
 
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LadyCat92

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Both the individual situation and the corporate situation show what is wrong with America's tax structure. I don't blame the girl (or whoever filed her taxes) for leveraging the system and I don't blame companies. The structure is wrong. US Corporate taxes as well as the cost of on-shoring money is what entices companies to move their HQ and where they pay their corporate taxes. Don't blame the corporations or the individuals. Blame the jackasses in Washington who created all of the various rules and regulations.
 

-LEK-

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Yep, good stuff LEK. Please keep us updated with your thoughts on "tax evasion" and corporations "cheating" the system. It shows you really grasp the specifics of the issues.
:joy: Broad strokes Bill. Broad strokes. I love your argument that the billions are equal to the poor getting millions. Tax shelters are same as a EIC. Same impact and everything. It shows you really grasp the specifics of the issues.
 

rabidcatfan

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This one isn't hard to figure out. It's the earned income credit plus she has 2 dependents which helps also. Personally, I'm just glad that's she's out working vs. sitting at home waiting for her check.

I agree 100%. Why ***** about a single mom, raising two kids, out working a 40 hour per week job getting a big refund? She's making $270 a week before taxes and trying to raise two kids, probably without child support checks coming in. Sure she's probably on EBT, but at least she's out there trying to earn a living versus sitting on her arse at home collecting welfare checks for 20+ years. I commend here on her efforts and hope she spends/saves her EIC refund wisely.
 

-LEK-

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You may have missed the best part, I know qwesley did. Lek made his first post about nobody replying as a juvenile swipe at me. He thought he was demonstrating that he had me on ignore, as he has claimed many times before. I was the only person that had replied to that post at that time. What he actually demonstrated is that he is TOO STUPID to know how ignore works.

You see, lek, IF you had me on ignore, THEN you wouldn't have known I had replied. Putting me on ignore and then taking me off to read what I write is the opposite of ignore. You are actually putting in more effort to see what I say. Thanks little buddy.
Actually false tough guy, just hit showed ignore now, before I had no clue you posted on here. However, I see your post is about me, and it's creepy. It's odd how obsessed you are with me. I mean, every third post. It's fine back to ignore, but you licking my balls all the time is just super creepy. Just move on kid.
 

Bill Cosby

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and corporations moving their headquarters to Ireland, equally).

what entices companies to move their HQ and where they pay their corporate taxes.

No one is just "moving their headquarters". There are levels of foreign ownership that need to be met post merger for a company to be treated as a foreign resident company under US tax law. If the foreign ownership thresholds aren't met, the company is still treated as US resident.

Additionally, even post inversion, the companies are still paying tax on all money earned in the United States. They now just avoid the US taxation (at the US corporate rates that someone can look up and compare to rates across the world) on worldwide income.
 
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