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

-LEK-

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Could you give us some specifics on the "tax shelters" you're referring to?
It's from your argument...However with your vast knowledge of helping couples that make 37k with their taxes, I'm sure it wouldn't be difficult for you. I'm sure it's exactly the same. Broad strokes. Broad strokes.
 

LadyCat92

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No one is saying post inversion that they don't pay US taxes. What people are saying is that companies will keep every semblance of a HQ in the US but will re-establish themselves as a foreign company and thus avoid paying tax on their WW income. US corporate rates are way more than most modern companies which is what is leading many companies to inversion. Do you think that Burger King just wanted to buy that company up in Canada? I'm sure they wanted their market share but it doesn't take a fool to see that they also calculated the savings by moving their "corporate HQ" to Canada. And again, our government's stance on re-patriating money just continues to fuel it. Most companies earn most of their money offshore. They aren't enticed by our government to bring that money back to the US. I lived overseas for 5 years and the company purposely funded it through offshore dollars due to this.

Again, I don't blame the companies or the individuals. The companies are trying to maximize their value and what they return to shareholders. Individuals are trying to maximize their wealth. If you have an issue with it, look at Washington.
 
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RacerX.ksr

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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.

That doesn't make sense. You rarely do.
 
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Bill Cosby

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I think we're on the same page. I just get tired of hearing "tax breaks for corporate jets" and "moving their headquarters overseas to avoid US tax".

I've yet to have anyone point out the code section they're referring to when they say "tax breaks for corporate jets." And the inversion process is far more complicated, and has many nuances that don't involve "moving the corporate HQ offshore".
 
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cat_in_the_hat

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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.
Actually, what you are saying is inconsistent with economic theory. In theory, Pepsi, Snapple, RC, etc., would lower prices to try and capture more market share and take advantage of the fact that Coke was selling its products at a very high margin. This would ultimately force Coke to lower its price in order to sell the amount of product it needs to sell. In a competitive market, companies cannot extract extra-normal profits. High profits attract competitors to your industry which ultimately increase competition and reduce price.
 

Big_Blue79

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They aren't gaming the system or shaping their lives for tax credits, just playing by the rules your elected officials put in place.

Yup. And people tend to be outraged by the low end (this) or the high end (corporate jets, IRS Rule 402.11CJB ("Corporate Jets for Billionaires"). Never hear people complain about things like the mortgage deduction, child tax credits, and college tax credits, probably because they take advantage of those and so they're legit (somehow) more than poors and richers.

One child would be a mistake, two is a choice.

Wait, are you saying the consequences of sex were a surprise to her the first time, but the second time she should have been on special alert? Was she homeschooled? Is she that kid from "Room?"
 
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Maybe that's all she wants to make.

The 8K refund covers all fed, state, local, sales and misc taxes paid.

She is living 100% tax free.

Kids get 100% free health care.

She qualifies for section 8 housing.

Probably qualifies for utility assistance.

Seeing that she works in a daycare, she can take the kids to work with her and have the owner bill her and get refunded the cost of daycare even if she was not actually "charged".

She will probably have another kid or two and play the system until she is in her early 40's.

At that point she will probably find a good disability lawyer.

My wife worked at a local preschool and this describes one of her "colleagues" at the time to a tee.

Two kids. A live in boyfriend. Works 30 hours a week. Goes to sullivan university.

Asked not to get a raise when the evaluations came up.
 

RUPPsRevenge1

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I hear the folks that claim people should try to break even on their taxes and for middle income people I agree. But the poor, this is the only way they can save money sometimes. Be it from not being disciplined enough with their money or what, but that lump sum at the beginning of they year is what gets them cars, apartments, etc. The notion that they could earn interest on that money is sort of silly. While they coould, the 8 dollars in interest they would earn doesn't out weigh having a large sum of money at a certain time of the year.
 

RacerX.ksr

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Exactly. If you think idiots like saguaro and lek don't take advantage of the tax breaks they are given, then you don't need to read these threads. Some people are too stupid to live.
 
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pikespeak1

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If your pissed it should be at the laws which allow it not the people in a situation that allows them to take advantage.
I'm pretty sure that is the whole point. I haven't seen a post where anyone is angry with her. Just tired of socialist policies running the country into the ground. Then we express that and have morons on here defending the ish.
 

pikespeak1

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Oh my god. A car with 160k miles on it? Wow, she is really gaming the system. I just can't stand these welfare queens driving around in their eleven year old cars and buying clothes to wear. But you know the worst part is, OP. Now she can buy some food or even rent with her paycheck. Makes my blood boil.
Doesn't change the fact that taxpayers are paying for her bad decisions. #feelingthebern
 

pikespeak1

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Key word "forced" into responsibility, but yes let's pretend no one at 19 except sluts make sexual mistakes!
Forced? She was raped twice? I change my mind. If she had two rape babies then I'm okay with her receiving taxpayer money. Poor girl, hero really.
 

pikespeak1

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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.
Bigot. As long as we are comparing, you know those companies did that the 19 *****, mooch didn't do? They employed thousands of people and cost the American tax payer zero dollars. In fact, if you count the taxes paid by employees of said companies (jobs that wouldn't exist if not for those companies), the companies are responsible for creating millions in tax revenue. The mooch and other like her are quite the opposite. Contribute nothing, bleed the system dry.

I'm guessing that you don't get us sometimes because you a) haven't taken the time to think about the subject logically or b) aren't smart enough to think logically.
 

pikespeak1

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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.
I agree with this. I would much rather her get help than somebody who is not even trying. My biggest gripe is that we live in a society that encourages behavior that leads you unwed mothers having to struggle.
 

pikespeak1

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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.
Lol. For some reason when I read 160k mile suv I pictured a crappy for explorer.
 

pikespeak1

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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?
You and me are paying for corporations taxes no matter what. I just wish the left would stop lying about it and using it as a bulltish talking point. Government spending is the problem. We can argue about which spending needs to be cut but we can't do that until you get passed the lie that low taxes is the problem.
 

pikespeak1

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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.
None of this strawman arguement changes the fact that if you raise their taxes they will find a way to recoup that cost through things like higher prices and lower wages.
 
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pikespeak1

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: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.
Ignorant socialist. #feelthebern
 
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pikespeak1

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I hear the folks that claim people should try to break even on their taxes and for middle income people I agree. But the poor, this is the only way they can save money sometimes. Be it from not being disciplined enough with their money or what, but that lump sum at the beginning of they year is what gets them cars, apartments, etc. The notion that they could earn interest on that money is sort of silly. While they coould, the 8 dollars in interest they would earn doesn't out weigh having a large sum of money at a certain time of the year.
Perhaps it would be better if they were forced to learn from their mistakes instead of receiving an annual bail out.
 
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RacerX.ksr

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Actually false tough guy, just hit showed ignore now, .

Well, isn't that sw
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.

My bad, I'm sure a lot of people put people on ignore and then read everything they write. By the way, your predilection with me fondling your balls is misplaced. I am not like you in that respect. I cast no judgment though, your homosexual fantasies don't affect me. Try and keep your kids healthy in the midst of your drunken stupor. I know you can't, but at least make a sober try/
 

qwesley

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Forgive me, what's a VAT?
Value Added Tax, popular in Europe. Basically taxes are incurred on products as them move through the supply chain and blind to the consumer. That way it can be easily increased over time without it being too noticeable.
 

Ron Mehico

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It seems to me democrats are okay with people that would otherwise be borderline homeless getting tax breaks to live a still relatively low income life but don't like massive corporations receiving hundreds of millions of dollars worth of tax breaks. It seems Republicans feel the opposite. So what party is there for those that think both aren't the best option and we should meet somewhere in the middle? Where's the party that's both socially liberal (AKA I don't care if gay people want to marry and I think pot should be legal) and fiscally conservative? Why can't there be one? I feel like that would be the most popular one to be honest. It doesn't exist. Instead with have to deal with bat-ish crazy people like pikespeak who will defend a politician who doesn't even care about him like he's a blood brother. Politics suck, and this is a great thread to show why. Its just disheartening and depressing and makes it difficult to even care. I mean am I supposed to be voting between Trump and Clinton? Seriously? Those are my choices? Jesus Christ this country sucks now. [sick]
 

TheEgyptianMagician

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VAT sucks... it's basically like paying 10-25 % flat sales tax on everything all the damn time; this is on top of your ~40% income tax.

That's what european socialism looks like, but then you don't have this problem to begin with with much lower teenage pregnancy rates and they wouldn't be getting "your" money anyway in some 8k refund ... is it chicken or egg?
 

[email protected]

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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 am also happy she is working. I have seen lots of able bodied people given a house to live in, food to eat, free medical care, grants for utilities and a monthly check for whatever. Then there is the part where the kids are raised with out discipline or any nurturing so they can function in life. The kids drag down school scores from not applying themselves and then you have generation two on welfare. It is a vicious cycle. At least this young woman is teaching her children the value of working.
 

Big_Blue79

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VAT sucks... it's basically like paying 10-25 % flat sales tax on everything all the damn time; this is on top of your ~40% income tax.

That's what european socialism looks like, but then you don't have this problem to begin with with much lower teenage pregnancy rates and they wouldn't be getting "your" money anyway in some 8k refund ... is it chicken or egg?

Eh, you can have a VAT or any other type of consumption tax in lieu of an income tax.