tag:blogger.com,1999:blog-27549167.post1360910393385510503..comments2023-09-25T06:48:48.316-06:00Comments on Magic Valley Mormon: Another Example of the Evil Bush Tax Cuts For The RichCameronhttp://www.blogger.com/profile/06016275707476655364noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-27549167.post-34248340699373246262009-11-18T22:08:58.338-07:002009-11-18T22:08:58.338-07:00The problem with this logic is you make an argumen...The problem with this logic is you make an argument that tax system should be used as a welfare system. Instead, tax systems can be used to promote good social behavior. In this case, the tax code was used to promote families. Families are a core part of our society. The breakdown of our families will lead to the breakdown of our society. There is nothing wrong with promoting families.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-27549167.post-3229772922944084802009-04-16T09:11:00.000-06:002009-04-16T09:11:00.000-06:00Not to mention the single mom who likely gets paid...Not to mention the single mom who likely gets paid anywhere from $3 to 5 thousand.<br /><br />It's an interesting part of the tax code. I've read some literature which claims that these kinds of refundable tax credits are better than welfare programs. Sort of a give them cash instead of food stamps thing. They claim the cash is more effective.<br /><br />Frankly, the key to the $70k and the $45k earners, besides the fact that they itemize and give higher than average to charities, is the three kids. They get the 1500 exemption per child, but the really big break comes from the tax credit. That's a dollar for dollar decrease in tax. And if you're tax is less than the credit then you get paid the difference.<br /><br />If you make under the $36k-ish range, then you'll qualify for the earned income credit, which is also refundable and can get you paid thousands of dollars.Cameronhttps://www.blogger.com/profile/06016275707476655364noreply@blogger.comtag:blogger.com,1999:blog-27549167.post-2273250829631078312009-04-16T08:32:00.000-06:002009-04-16T08:32:00.000-06:00Neither the family making $70K nor the family maki...Neither the family making $70K nor the family making $45K should have been paid by the government. Whether or not they should have paid any taxes is a different question, but they definitely should not have been receiving more money back than they paid. I think that's one of the subtler problems in our tax code.Anonymousnoreply@blogger.com