- Messages
- 775
- Reactions
- 22
I am guessing that he get's the earned income credit. I know guys who have a good few kids that get thousands back in taxes.
Karma guessed it. The earned income credit basic gives you a $1000 'credit' toward your tax bill every year. I have 4 kids so that $4k right there. Combine that with having an income under $40k, mortgage interest and work expenses I get thousands 'back' every year. Now my boss, who has no dependents and makes significantly more than me pays mucho in taxes every year. It's a screwed up system that really only screws the middles class, or whats left of it. The 'poor' think they deserve their 'refund' each year, the truly rich have enough money to find all the tax loopholes so they can get away with paying little to no taxes and the middle class foots the majority of the bill. If everybody paid their fair share (think Ron Paul's 'fair' tax) then the system would be equitable. Or, my friend suggested foregoing the incoming tax and going to a straight federal sales tax. If you don't spend your money you don't pay any taxes. Now that's my kind of tax system. Of course I still wouldn't pay and taxes but would no longer have you guys giving me a tax 'refund' every year