The EITC is nothing more than a welfare handout.

(03-04-2015 12:34 PM)Redwingtom Wrote:  This details the most credit you can receive and the income levels as to when it phases out:
http://www.savingtoinvest.com/earned-inc...-stimulus/

Oy vey... I understand my taxes, I just never understood just how jacked up the code is until now. This is unbelievable to me. No wonder we have so many takers. Thanks for shedding light on this.

(03-04-2015 12:44 PM)blunderbuss Wrote:  

(03-04-2015 12:34 PM)Redwingtom Wrote:  This details the most credit you can receive and the income levels as to when it phases out:
http://www.savingtoinvest.com/earned-inc...-stimulus/

Oy vey... I understand my taxes, I just never understood just how jacked up the code is until now. This is unbelievable to me. No wonder we have so many takers. Thanks for shedding light on this.

More reasons to do away with this system in favor of a consumption tax.

Again...this was pretty much a Republican idea from the onset. It's goal is to get folks working instead of just collecting unemployment and welfare.

You can't make very much money and still get any sort of sizeable refund back. It's basically an incentive to get folks into the work force.

And most estimates are that money directed to the poor, who turn around and spend it immediately, actually creates a bigger economic return. Even Reagan could apparently see this.

(03-04-2015 12:44 PM)blunderbuss Wrote:  

(03-04-2015 12:34 PM)Redwingtom Wrote:  This details the most credit you can receive and the income levels as to when it phases out:
http://www.savingtoinvest.com/earned-inc...-stimulus/

Oy vey... I understand my taxes, I just never understood just how jacked up the code is until now. This is unbelievable to me. No wonder we have so many takers. Thanks for shedding light on this.

It's not just the tax code that is messed up it's the welfare state. In many cases the welfare state pays better than working. People aren't stupid. If they "make" more not working, they won't work.

http://blogs.wsj.com/economics/2013/08/1...pays-more/

The blog reference a Cato Institute report done in 2013 that calculated the "value" of welfare benefits as compared to working.

…In Hawaii, that translates into a 2013 package of $49,175 — up $7,265 from an inflation-adjusted $41,910 in 1995. Rounding out the top five areas for welfare benefits, along with their 2013 amounts, were: the District of Columbia ($43,099), Massachusetts ($42,515), Connecticut ($38,761) and New Jersey ($38,728)…

I think Bernie Sanders is running the IRS.

Obama’s Amnesty Projected To Grant $1.7 BILLION Of Taxpayer Funds To Illegals…

Quote:President Barack Obama’s November amnesty will give $1.7 billion in taxpayers’ cash to illegal immigrants, according to a congressional study.

The news emerged two days after top Republican leaders overcame GOP opposition to a 2015 budget bill that allows Obama to fund his unpopular amnesty for roughly 5 million illegals.

“The program could cost taxpayers $1.7 billion over 10 years, almost all of it in the first five years,” according to a report by the McClatchy Washington Bureau. The rebates are allowed by the IRS’ interpretation of existing laws governing the Earned Income Tax Credit program, which was designed to subsidize low-wage employment in the United States.

The Joint Committee on Taxation compiled the estimate, which was obtained by McClatchy.

“Those who were working illegally in the United States shouldn’t be rewarded for doing so,” said a statement to McClatchy from Republican Iowa Sen. Charles Grassley, who is pushing a bill that would bar tax payments to illegals.

“My proposal would prohibit those granted deferred action from claiming the EITC [payments] for any year they were working without authorization in the United States,” Grassley said.

http://dailycaller.com/2015/03/05/obama-...-illegals/

And how much of that 1.7 Billion goes back to Their families in other Countries and not being spent here. Funding for the next generation of illegals to cross Our borders and another amnesty program down the road.

(03-04-2015 12:40 PM)shiftyeagle Wrote:  The current tax code needs to be completely destroyed. It's a total dumpster fire.

it will go down as one of the biggest cluster bombs of all time.....

(03-04-2015 01:39 PM)UConn-SMU Wrote:  I think Bernie Sanders is running the IRS.

or that other Bernie from Brookhaven, MS......

Quote:Obama’s immigration order overall is actually expected to bring in almost $20 billion in new revenue over a 10-year period after implementation, according to the nonpartisan Congressional Budget Office. That’s because new immigrants would be paying into Social Security and having taxes withheld from paychecks.

Read more here: http://www.mcclatchydc.com/2015/03/04/25...rylink=cpy

So the US nets 20B in new tax revenue while paying out 1.7B in refunds.
That sounds good on paper but you know the 1.7B in refunds isn't the only handouts they will be given...

I wonder how much additional tax money is paid out for the other benefits these newly legalized people will get in addition to their refunds i.e. welfare, education, housing, healthcare, WIC, SNAP, SS, SSD?

Those are all costs that have to be weighed against any additional SS or tax revenue that might be generated by legalizing them...the net cost of their being here legally is not just what they might pay in for SS or in income tax minus any refunded tax dollars they get.

So...what would be cheaper? This...or rounding all them up and deporting them? I'd bet the former.

(03-05-2015 04:35 PM)Redwingtom Wrote:  

Quote:Obama’s immigration order overall is actually expected to bring in almost $20 billion in new revenue over a 10-year period after implementation, according to the nonpartisan Congressional Budget Office. That’s because new immigrants would be paying into Social Security and having taxes withheld from paychecks.

Read more here: http://www.mcclatchydc.com/2015/03/04/25...rylink=cpy

w/o reading....it's b/c 'they' use the 'rhythm method'.....it only makes cents to pick up the pennies and multiply....it ends with "sigh"

(03-05-2015 05:11 PM)Redwingtom Wrote:  So...what would be cheaper? This...or rounding all them up and deporting them? I'd bet the former.

Dunno...let's try the second solution first and see.

(03-05-2015 05:11 PM)Redwingtom Wrote:  So...what would be cheaper? This...or rounding all them up and deporting them? I'd bet the former.

It would be impossible to round them up and deport them.

I really don't even have a beef with giving them greencards or work VISAs to legally work here and have them pay taxes...

but that article was a dishonest with regard to the total cost of allowing them legal status unless with making them legal we would deny them any additional benefits i.e. welfare, SNAP, healthcare, etc.

I also don't think they should ever have a path to citizenship. Their children born on US soil, yes. The felons who broke our laws by crossing our borders, no. Plenty of immigrants wait YEARS to come here legally. It would be a huge slap in the face to them to allow felons who broke the laws that they followed citizenship.

(03-05-2015 05:20 PM)mptnstr@44 Wrote:  

(03-05-2015 05:11 PM)Redwingtom Wrote:  So...what would be cheaper? This...or rounding all them up and deporting them? I'd bet the former.

It would be impossible to round them up and deport them.

I really don't even have a beef with giving them greencards or work VISAs to legally work here and have them pay taxes...

but that article was a dishonest with regard to the total cost of allowing them legal status unless with making them legal we would deny them any additional benefits i.e. welfare, SNAP, healthcare, etc.

I also don't think they should ever have a path to citizenship. Their children born on US soil, yes. The felons who broke our laws by crossing our borders, no. Plenty of immigrants wait YEARS to come here legally. It would be a huge slap in the face to them to allow felons who broke the laws that they followed citizenship.

but the 'felons' are the ones that 'lead' theirs.....

I don't care what the percentage is.....get them fk outta here....I don't care what it takes.....just get them the fk out

(03-05-2015 05:20 PM)mptnstr@44 Wrote:  

(03-05-2015 05:11 PM)Redwingtom Wrote:  So...what would be cheaper? This...or rounding all them up and deporting them? I'd bet the former.

It would be impossible to round them up and deport them.

I really don't even have a beef with giving them greencards or work VISAs to legally work here and have them pay taxes...

but that article was a dishonest with regard to the total cost of allowing them legal status unless with making them legal we would deny them any additional benefits i.e. welfare, SNAP, healthcare, etc.

I also don't think they should ever have a path to citizenship. Their children born on US soil, yes. The felons who broke our laws by crossing our borders, no. Plenty of immigrants wait YEARS to come here legally. It would be a huge slap in the face to them to allow felons who broke the laws that they followed citizenship.

I pretty much agree with you...but since past administrations (and this one too) and scores of sessions of congress have continually ignored this issue as to any form of meaningful legislation to address the problem...we have the mess we're in that really has no great solution left.

So...pass a bill that the President will sign. They're actually not that far apart when you get down to it!

But again, a great start would be to start prosecuting the employers who provide an income opportunity to these illegals that encourages them to come here. This can be done with laws already in place.

(03-05-2015 05:31 PM)Redwingtom Wrote:  

(03-05-2015 05:20 PM)mptnstr@44 Wrote:  

(03-05-2015 05:11 PM)Redwingtom Wrote:  So...what would be cheaper? This...or rounding all them up and deporting them? I'd bet the former.

It would be impossible to round them up and deport them.

I really don't even have a beef with giving them greencards or work VISAs to legally work here and have them pay taxes...

but that article was a dishonest with regard to the total cost of allowing them legal status unless with making them legal we would deny them any additional benefits i.e. welfare, SNAP, healthcare, etc.

I also don't think they should ever have a path to citizenship. Their children born on US soil, yes. The felons who broke our laws by crossing our borders, no. Plenty of immigrants wait YEARS to come here legally. It would be a huge slap in the face to them to allow felons who broke the laws that they followed citizenship.

I pretty much agree with you...but since past administrations (and this one too) and scores of sessions of congress have continually ignored this issue as to any form of meaningful legislation to address the problem...we have the mess we're in that really has no great solution left.

So...pass a bill that the President will sign. They're actually not that far apart when you get down to it!

But again, a great start would be to start prosecuting the employers who provide an income opportunity to these illegals that encourages them to come here. This can be done with laws already in place.

Yes to the bolded.
Some illegals would go back to their home countries if the work dried up.

...and no path to citizenship if legal worker status is granted for the law breakers.

(03-05-2015 05:35 PM)mptnstr@44 Wrote:  

(03-05-2015 05:31 PM)Redwingtom Wrote:  

(03-05-2015 05:20 PM)mptnstr@44 Wrote:  

(03-05-2015 05:11 PM)Redwingtom Wrote:  So...what would be cheaper? This...or rounding all them up and deporting them? I'd bet the former.

It would be impossible to round them up and deport them.

I really don't even have a beef with giving them greencards or work VISAs to legally work here and have them pay taxes...

but that article was a dishonest with regard to the total cost of allowing them legal status unless with making them legal we would deny them any additional benefits i.e. welfare, SNAP, healthcare, etc.

I also don't think they should ever have a path to citizenship. Their children born on US soil, yes. The felons who broke our laws by crossing our borders, no. Plenty of immigrants wait YEARS to come here legally. It would be a huge slap in the face to them to allow felons who broke the laws that they followed citizenship.

I pretty much agree with you...but since past administrations (and this one too) and scores of sessions of congress have continually ignored this issue as to any form of meaningful legislation to address the problem...we have the mess we're in that really has no great solution left.

So...pass a bill that the President will sign. They're actually not that far apart when you get down to it!

But again, a great start would be to start prosecuting the employers who provide an income opportunity to these illegals that encourages them to come here. This can be done with laws already in place.

Yes to the bolded.
Some illegals would go back to their home countries if the work dried up.

...and no path to citizenship if legal worker status is granted for the law breakers.

And that is exactly what Romney was talking about when he suggested "self-deportation" and was roundly ridiculed by the leftist lap-dog media.

And Tom actually swerved onto the solution there at the end- enforce the laws we already have. Simple as that. We don't need any BIG asss, further bloated bureaucracy "comprehensive immigration reform".
As you pick them up or they come into whatever system they may come into- answering fake jobs ads, bring their anchor babies to elementary school, welfare office, whatever, check their cards, if they're here illegally off they go to "Camp Schithole" for a nice 30 day period then onto the bus and to the border.

If/when they cross over again and get caught- 6 months at Camp Schithole, $500 fine or more, and a promise with a kiss that if found again it will be 5 years and $100,000 fine. Then off to the border with that busload.

We need to make it waaaay to expensive, waaaay to risky and way to uncomfortable to continue to border jump. They'll eventually see it for what it is- a losing proposition.

This is, of course, after we seal the border, at least one way and make public announcements on Telemundo, at the local Latin Market, leaflets, schools etc.

NOW, in return for that we also set up larger scale field offices at the highest traffic border areas and streamline the process A LOT for work visas's, seasonal employment, Green cards perhaps, maybe even easily recognizable temporary Drivers licenses and some kind of registry. If you over stay, fall "off the grid" or commit crimes etc., see above.

Course to facilitate that the field offices would necessarily need to be private enterprises with plenty of checks and audits at the ready to avoid any funny business.

Enforce the laws.