^^^this. For someone with a great plan and self control, it's wonderful to have

Feb 24, 2017
12:14:15pm

CDV All-American

to pay in April. But for someone who is always living on the edge, cannot afford to save, then having forced savings is helpful. Good for her.

Report problem with this ad

CDV

Previous username: TheRealBarrySwitzer
Bio page: CDV
Joined: Oct 28, 2011
Last login: Apr 24, 2024
Total posts: 59,382 (27,337 FO)

Report problem with this ad

Messages

Author

Time

"Inspiring" story about a single mother earning minimum wage getting a $5400 tax

Skeptical Optimist

2/24/17 11:50am

It's probably EIC

Idahofallsblue

2/24/17 11:51am

Earned Income Credit

BigD Coug

2/24/17 11:52am

I wonder how much she's saving for retirement, kids' college,

KingDave

2/24/17 11:52am

You're forgetting EIC and Child Tax Credits

IGlowInTheDark

2/24/17 11:53am

I'm not. As I said in the post, it's probably impossible for her to not get a

Skeptical Optimist

2/24/17 11:56am

I think it's close to half of the country has no federal income tax liability

CSoul

2/24/17 11:58am

I'm sorry, I still don't get what point you are trying to make.

Nathanael Greene

2/24/17 12:33pm

And I think EIC should be deposited in HSA accounts instead

CSoul

2/24/17 11:57am

Save the poor from their own stupidity.

IGlowInTheDark

2/24/17 12:01pm

You should get to make those choices when you are giving the money

CSoul

2/24/17 12:02pm

Thing is, you are not giving it. It is being taken from you and given to someone

Ssebo

2/24/17 12:06pm

I would of course rather have no EIC but I tend to live in some type

CSoul

2/24/17 1:25pm

Why? So they can get penalized when they withdraw it for other purposes?

Z-rex

2/24/17 12:27pm

That's why you change the rules on it, or have special account

CSoul

2/24/17 1:23pm

Actually, it's a fundamental flaw in the idea.

Z-rex

2/24/17 1:32pm

No, you are missing the point. I'm saying removing the ability to pay

CSoul

2/24/17 1:44pm

That's the exact point I addressed.

Z-rex

2/24/17 1:46pm

Sure some will, but you are just stating the problems with no solution

CSoul

2/24/17 1:56pm

Those aren't the outliers. And yes, I agree with the EIC.

Z-rex

2/24/17 2:05pm

Yeh, I just disagree with you then completely. That's fine.

CSoul

2/24/17 2:15pm

While we may not come to a complete agreement, we may very well find

Z-rex

2/24/17 2:25pm

They are probably referring to paying rent for a year in advance.

Ssebo

2/24/17 11:59am

It is a solid move if you would spend it otherwise

Iman23

2/24/17 12:08pm

^^^this. For someone with a great plan and self control, it's wonderful to have

CDV

2/24/17 12:14pm

Sounds like she is doing the best she can

Thunderdome

2/24/17 1:27pm

What's the issue? She kept a roof over her head for another year?

Posting on CougarBoard