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D Murphy D Murphy is offline
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First recorded activity by BoatBanter: Sep 2008
Posts: 44
Default Obama again wins "debate"

rand mair fheal wrote in news:mmf-
:

i havent bothered looking this up
but if its eic
eic is not -free money-
its a partial return of regressive taxes (fica or set) already
collected


It's a fully refundable credit. Even if you owe no income tax. So

while
he calls it an EIC, that's hardly what it is.


fica is a separate tax than income tax
even if you dont pay any income tax
you can still pay thousands in fica


Right. Then eliminate the employees portion for low income earners. Also
if you pay in thousands in FICA, then you won't qualify.


True. But that's a different issue. That could be solved by collecting


its not solved that way


Why not? Paying no tax at all every week is more useful to someone with
no money than letting the government hold your money for the whole year.

its solved with eic
eic is partial refund of taxes already collected
it is not a give away


It is when the refund exceeds what you paid in. Which will be the case
for a large nember of people.


saying otherwise is stupidity lying or both


Stupidity is thinking that these people only need the money in a lump sum
once per year. Lying would be saying that getting refunded more than you
paid in is a tax cut.

If people need aid then give it to them. Give them food stamps, give them
a check, give them school vouchers so their kids can break the cycle.
Give them aid every week when they need it instead of as some political
stunt they get once per year. This will no doubt be enacted as a limited
time deal. Up foor renewal just in time for the next election cycle.

So if you you think like I do and vote against playing political games
with peoples lives, they'll run a campaign ad against you saying you hate
poor people.

It's a disgraceful way of playing class warfare for political gain.

--

Dan

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