Is the "Earned Income Credit" welfare?

Posted in the Columbus Forum

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Dude Watson

Cleveland, OH

#1 Feb 7, 2013
I happen to believe it is. Why in the world would you ever get more back than you paid in. I see some people getting 4-5 thousand dollar refunds and didn't even earn that much.
Big Johnson

Columbus, OH

#2 Feb 7, 2013
Dude Watson wrote:
I happen to believe it is. Why in the world would you ever get more back than you paid in. I see some people getting 4-5 thousand dollar refunds and didn't even earn that much.
Quit your bitchin' and get you some!

Since: Oct 10

Location hidden

#3 Feb 7, 2013
Dude Watson wrote:
I happen to believe it is. Why in the world would you ever get more back than you paid in. I see some people getting 4-5 thousand dollar refunds and didn't even earn that much.
Well, I have an accounting degree, do tax returns pro bono and you better belive it! What a rip off. They are cutting our defense budget and throwing money away with the EIC with both hands.

A single mother with one child made $15,880. on her W-2 in 2012. Federal withholding was $1,618. IRS is sending her $5,787.00, a profit of $4,169.00.

Her state withholding was $976.00. The state is sending her $1,513.00. Another profit of $537.00.

And she collect food stamps, energy assistance, free child care and free medical care for herself and her daughter.

That is ONE. Times it by the number of parents getting the EIC and additional child credit.

It's coming out of our pockets, Buddy. We cannot sustain this.

“Tenured Marxist Radical”

Since: Jan 13

Ivy League-ISIS

#4 Feb 7, 2013
EITC came as a result of Nixon (R) therefore no one likes calling it welfare, but it is.
Enzyte Bob

Blacklick, OH

#5 Feb 7, 2013
Seriouslady wrote:
<quoted text>
Well, I have an accounting degree, do tax returns pro bono and you better belive it! What a rip off. They are cutting our defense budget and throwing money away with the EIC with both hands.
The irony of this of course is that the EIC was initiated by Reagan in 1986 as a means to reward low income people and encourage them to stay in the workforce. The other issue was that the EIC is indexed and incomes haven't kept up with inflation.

But that was also before we would completely understand what a train wreck society was going to become.

“Larchmont's Leading Citizen”

Since: Dec 12

Hilliard, OH

#6 Feb 7, 2013
-The-Artist- wrote:
EITC came as a result of Nixon (R) therefore no one likes calling it welfare, but it is.
Between the EITC, the EPA and his NASA-slashing, Nixon still costs us dearly, every day in this century.
Enzyte Bob

Blacklick, OH

#7 Feb 7, 2013
-The-Artist- wrote:
EITC came as a result of Nixon (R) therefore no one likes calling it welfare, but it is.
It was greatly expanded by Reagan in 1986.

“Hi-Yo Silver! Away!”

Since: Aug 12

Location hidden

#8 Feb 7, 2013
Enzyte Bob wrote:
<quoted text>
The irony of this of course is that the EIC was initiated by Reagan in 1986 as a means to reward low income people and encourage them to stay in the workforce. The other issue was that the EIC is indexed and incomes haven't kept up with inflation.
But that was also before we would completely understand what a train wreck society was going to become.
From my memory only, back then it was the case that a poor (as in economically not well off) mother could do better with welfare than getting a minimum wage job then having to pay day care out of it.

We need to get more of the 47% to have skin in the game.
Enzyte Bob

Blacklick, OH

#9 Feb 7, 2013
Kemosahbe wrote:
<quoted text>
From my memory only, back then it was the case that a poor (as in economically not well off) mother could do better with welfare than getting a minimum wage job then having to pay day care out of it.
We need to get more of the 47% to have skin in the game.
In fairness, the other issue is that they do pay taxes either through the landlord, city and state income tax, or social security or sales and gas taxes. I'm guessing it's probably a wash.

That's fine. It's tough to make it on $10 an hour, but I agree the 47% figure is troubling.

Since: Oct 10

Location hidden

#10 Feb 7, 2013
Enzyte Bob wrote:
<quoted text>
In fairness, the other issue is that they do pay taxes either through the landlord, city and state income tax, or social security or sales and gas taxes. I'm guessing it's probably a wash.
That's fine. It's tough to make it on $10 an hour, but I agree the 47% figure is troubling.
I like ya, Bob......but BS. They know the system and play it to the best of their ability. One girl calls me NIGHTLY to see when 'her' money is coming. So sorry my number is listed.

I politely explained to her that she was not getting a return...she was getting additional funds that come from the taxes my husband and I pay.

Next time you see a young girl with a baby on her hip and another by the hand, ask yourself how long we can sustain this craziness? Frankly, I don't think that 80% of Americans, at least 80% of the 47%, know what is going on.

Retail sales will be up.
Enzyte Bob

Blacklick, OH

#11 Feb 7, 2013
Seriouslady wrote:
<quoted text>
I like ya, Bob......but BS. They know the system and play it to the best of their ability. One girl calls me NIGHTLY to see when 'her' money is coming. So sorry my number is listed.
I spent one winter at H&R Block, so I know where you're coming from.

On the other hand, I also see a lot of people who never make more than $10 or $12 bucks an hour with no benefits. It's not that they don't work hard - that's just their station in life. Some work at sweat shops for that kind of money. Some have second jobs cleaning. Our office doesn't have benefits.

Let's take all the baby mommas out of the equation. So take someone who's probably been divorced (due to the insanity people bought into in the 1960')- how are you going to make it on $10 or $12 an hour?

“Hi-Yo Silver! Away!”

Since: Aug 12

Location hidden

#12 Feb 7, 2013
Enzyte Bob wrote:
<quoted text>
I spent one winter at H&R Block, so I know where you're coming from.
On the other hand, I also see a lot of people who never make more than $10 or $12 bucks an hour with no benefits. It's not that they don't work hard - that's just their station in life. Some work at sweat shops for that kind of money. Some have second jobs cleaning. Our office doesn't have benefits.
Let's take all the baby mommas out of the equation. So take someone who's probably been divorced (due to the insanity people bought into in the 1960')- how are you going to make it on $10 or $12 an hour?
There's a HUGE underground cash economy in this country too. People resort to all sorts of ways to make it, and still claim this credit. I don't care, I'm not here to judge people and how they survive, unlike all the money-grubbers out here.
Dude Watson

Cleveland, OH

#15 Feb 8, 2013
Kemosahbe wrote:
<quoted text>
There's a HUGE underground cash economy in this country too. People resort to all sorts of ways to make it, and still claim this credit. I don't care, I'm not here to judge people and how they survive, unlike all the money-grubbers out here.
I'm not a "money grubber". But, I'm so sick and tired of our government rewarding people for being irresponsible, lazy and having no ambition tahn to live a minimal life. There are way too many "safety" nets and it becomes a way of life and I am tired of paying for it.

“Science not Conservatism”

Since: Jan 12

Progress, not Denial

#16 Feb 8, 2013
Only if you're an utter and complete right-wing moron.

“Larchmont's Leading Citizen”

Since: Dec 12

Hilliard, OH

#17 Feb 8, 2013
tha Professor wrote:
Only if you're an utter and complete right-wing moron.
So, you're a taker, huh?
Figures...

“Science not Conservatism”

Since: Jan 12

Progress, not Denial

#18 Feb 8, 2013
Hugh Victor Thompson III wrote:
<quoted text>So, you're a taker, huh?
Figures...
If I want to take any s--t from you, I'll squeeze your head.

“Larchmont's Leading Citizen”

Since: Dec 12

Hilliard, OH

#19 Feb 8, 2013
tha Professor wrote:
<quoted text>
If I want to take any s--t from you, I'll squeeze your head.
So you ARE a taker. Is that how you were raised...to be a leech?
Reality Speaks

Columbus, OH

#20 Feb 8, 2013
tha Professor wrote:
Only if you're an utter and complete right-wing moron.
does mommy still pay your bills?
Enzyte Bob

Blacklick, OH

#21 Feb 8, 2013
Right wing or left, I don't think it's such a bad thing to make things a little easier on people who work but don't make a lot of money. It might be different if people still got and stayed married to each other, but a single person living alone on $10 an hour is barely scraping by.

“Science not Conservatism”

Since: Jan 12

Progress, not Denial

#22 Feb 8, 2013
Hugh Victor Thompson III wrote:
<quoted text>So you ARE a taker. Is that how you were raised...to be a leech?
Your mother was, so why not? ;)

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