Earned Income Tax Credits

Discussion in 'Politics' started by AVG-JOE, Jun 4, 2011.

  1. AVG-JOE
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    AVG-JOE American Mutt Staff Member Gold Supporting Member

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    Does anyone else think it's pretty stupid to pay for a bureaucracy whose job is to collect money from people and then give it back, opening the doors wide to political favoritism, fraud and abuse?

    Whose idea was this anyway?

    The time has come for simple and fair taxes in this country.
     
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    Last edited: Jun 4, 2011
  2. auditor0007
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    auditor0007 Gold Member

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    Have you ever looked to see how the "fair tax" is proposed to work? Everyone gets back so much per month as a refund to help low income earners. Can you imagine the paperwork and bureaucracy that would create?
     
  3. Zander
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    Zander Platinum Member

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    It's retarded. The tax code needs to be easy- 1 flat rate for all, including corps. No deductions, no credits, no social engineering. How does 15% sound?
     
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  4. DaGoose
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    DaGoose Gold Member

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    Are you calling Ronald Reagan a liar? He called it "the best anti-poverty, the best pro-family, the best job creation measure to come out of Congress."

    .
     
  5. zzzz
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    zzzz Just a regular American

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    A redistribution of wealth. Most of the people getting EIC are in the lower part of the wage bracket and they have to have worked some to be eligible. These are the people who are really suffering because of the food and gas increases.

    Yes, it appears to a little complex for some people but it puts money back into those hands of the people who will spend it and need it. And that is what we need now consumer spending.

    There will never be a simple tax code in the US because of all the special interests power in Congress.
     
  6. AVG-JOE
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    AVG-JOE American Mutt Staff Member Gold Supporting Member

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    I can, but it makes my head hurt and my heart ache. Sounds just plain stupid.

    Why the HELL we collect taxes on the retail level is beyond me.
     
  7. AVG-JOE
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    AVG-JOE American Mutt Staff Member Gold Supporting Member

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    My personal favorite is the blend of progressive & regressive tax code of 7 + 7 on 3, but I like the way you're thinking... simple taxes = fair taxes. Complicated taxes = bullshit.
     
  8. Care4all
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    Care4all Warrior Princess Supporting Member

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    it sounds like a huge tax increase for Matt and me....now that i am not working and bringing in any income, and Matt is only working a little more than part time, we pay a little less than 5% income tax, and pay more SS and Medicare taxes, (and much more in property taxes) than income taxes....at one time when we both were in our heyday we paid around 20% after we took all of our deductions on about $150k+ a year, and didn't miss a dime of it....(truthfully, we really didn't, other than wishing we had some of that income tax money we had paid, now, in our own savings to help us 'get by' now that we are poor :()

    A 15% flat rate income tax, would be a huge increase and a major burden on our survival....we are "just" making ends meet now.
     
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  9. AVG-JOE
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    AVG-JOE American Mutt Staff Member Gold Supporting Member

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    I never called anyone a 'liar'... I said it was stupid. I'll stand by that statement.
     
  10. AVG-JOE
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    AVG-JOE American Mutt Staff Member Gold Supporting Member

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    Why don't we let ALL citizens earn their first $25,000 tax free, reduce the IRS payroll by half, and move on with our economy? Why do we need more paperwork for the folks least likely to be able to afford an accountant?
     

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