Many Recipients of Government Funds Don't Know they Receive Government Funds

Discussion in 'Politics' started by Toro, Jul 15, 2011.

  1. Toro
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    Toro Diamond Member

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    I'd argue that tax breaks aren't government benefits, but there is certainly enough on this list to show that a significant number of recipients of government funds don't know they receive government funds.

    Cornell Chronicle: Recipients of federal aid say they're not

    We are definitely seeing that here in Florida, where current Governor Rick Scott is polling at all time lows of 29%. Yet Scott is doing exactly what he said he'd do and nothing more.
     
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  2. Neotrotsky
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    Neotrotsky Council to Supreme Soviet

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    Just a note

    If tax credits are fully refundable, past the point of zero and still refundable, then yes

    If tax credits take tax liability to zero but not lower and not refundable- then no


    Did you know that even the Earned Income Credit has a limit.
    The IRS will compute against your payroll taxes (SS, Medicare) and can not be more than those totals.

    In effect, the worse the Gov't can do then is have a zero cash flow with an individual on their taxes.
     
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    Last edited: Jul 15, 2011
  3. Ravi
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    Ravi Diamond Member

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    That's pretty funny.

    But how are tax breaks not government bennies? People that own their homes can pay less in taxes than people that don't.
     
  4. Neotrotsky
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    Neotrotsky Council to Supreme Soviet

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    Unless one assumes that all money belongs to the gov't,

    Keeping more of your OWN money from the gov't that you earned on your own is not a subsidy.

    Getting money from the gov't that was never earned by you is a true subsidy
     
    Last edited: Jul 15, 2011
  5. Zona
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    Zona A guy in ariZONA

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    Hello....Mr. Bachmann. See its not his fault..he didnt know and neither did his wife.


    :)
     
  6. Ravi
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    Ravi Diamond Member

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    So a renter's money belongs to the government but a homeowner's money doesn't?
     
  7. Neotrotsky
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    Neotrotsky Council to Supreme Soviet

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    Not following

    But hey- more power to you
     
  8. Ravi
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    Ravi Diamond Member

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    I mean, seriously, getting a mortgage deduction is also a type of government subsidized housing.
     
  9. Ravi
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    Ravi Diamond Member

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    Oh wait, it's on the chart, my bad.
     
  10. Neotrotsky
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    Neotrotsky Council to Supreme Soviet

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    Sorry, I am not following your logic

    Again unless you assume all money belongs to the gov't, they are not giving you more money with a tax break

    100,000/year max limit
    tax 1,000

    tax break 500-
    99,500 income- not above original max
    No subsidy- you are only getting your own money back
    -----------------

    Same 100,000/yr max
    tax 1000

    fully refundable tax break of 1500

    New max income above limit- 100,500
    Getting back MORE than your money- subsidy
     
    Last edited: Jul 15, 2011

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