How can Obama “give a tax break” to people who don’t pay taxes?
Dec 22, 2009
in
Taxes
dmbfans101 asked:
Obama’s tax break for 95% of people includes 40+% of people that do not pay taxes. Plus he is not planning to extend the Bush tax cuts, therefor increasing taxes on 49% or tax payers.
Obama’s tax break for 95% of people includes 40+% of people that do not pay taxes. Plus he is not planning to extend the Bush tax cuts, therefor increasing taxes on 49% or tax payers.
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4 comments
troopshomebyxmas on December 25, 2009 at 9:03 am
He doesn’t – he gives them “earned income credits” which they then get as cash as a “refund”. Its just a welfare program to those people.
Mike on December 28, 2009 at 8:06 pm
You will be able to claim a tax credit on the standard 1040 form. You file your taxes, thus you get the credit. Simple.
mo on December 29, 2009 at 8:57 pm
You are trying to argue semantics. 95% of taxpayers will get a break. You can’t give a tax break to someone who doesn’t pay any taxes to begin with.
eric s on December 31, 2009 at 7:40 am
he has to call it a “tax break” because calling it what it really is… Marxism, socialism and/or communism might scare too many people (though not those on the left).
it’s his way of redistributing wealth.
you work hard, save some money and try to get ahead? forget about it. obama is going to take what you earned through all of your hard work and give it to someone else. might as well just go on the dole now.
in Obama-land hard work is penalized not rewarded.
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