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Feb 24, 2017
12:02
:48
pm
CSoul
All-American
You should get to make those choices when you are giving the money
with no effort on their own.
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CSoul
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tsm26
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CSoul
Joined
Nov 20, 2005
Last login
Jun 21, 2024
Total posts
67,324 (14,165 FO)
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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?
Dillinger
2/24/17 1:47pm
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