So why don't we do two things??

Discussion in 'Politics' started by naturegirl, Sep 20, 2011.

  1. naturegirl
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    naturegirl Silver Member

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    End the earned income tax credit and adjust the tax on capital gains. This should prevent people that pay 0 in income tax from getting a huge refund and get those hedge fund managers and Warren Buffet paying their fair share.
     
    Last edited: Sep 20, 2011
  2. Dragon
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    Dragon Senior Member

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    We should not do the first because it would increase taxes on those least able to pay them, and further reduce consumer buying power at a time when it is already depressed.

    I believe we already do the second. Do you mean tax capital gains at a higher rate?
     
  3. naturegirl
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    naturegirl Silver Member

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    I just don't understand how someone can get a refund when they pay 0 taxes. That's not a refund. And yes we need to adjust the capital gains taxes. :)
     
  4. zzzz
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    zzzz Just a regular American

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    They don't. You cannot get EIC unless you pay taxes. You just get extra back depending on how much you make.

    EITC Home Page--It?s easier than ever to find out if you qualify for EITC
     

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