Did I miss the yearly EIC debate?

[MushyMushy]

EIC is not an end of the year refund, it is an every payroll calculation that determines if an employee qualifies to not have Federal Income Tax w/held to begin w/.
If an employee did not have to pay Federal Income Tax (FIT) the previous year, they can complete a W5 to be considered for EIC in the current year. I would anecdotally think that if they did not make enough to pay any income tax that they would not make enough money to go to WDW, but hey, this is the DIS and anything is possible.

There were a few years that we got the EIC, but there were certainly no trips ANYwhere for us, let alone WDW! That money was definitely needed to help defray living expenses.

I'm sure people do it, but I've never known anyone personally who was eligible for EIC to be able to take a vacation on it.

 

[ducklite]

Yes, everyone deserves a trip to WDW. But then everyone also deserves to decide if they want to pay for someone else's trip. That's where the problem comes in.

I have a friend who gets about $4000 "back" that she never paid in the first place. She buys jewelry with it and pays for her kids' school. I don't begrudge her the money. If it is available, she should take it.

I just don't think it should be available.

Every citizen should pay the same percentage. Anything else is not equal...and unfair.

While I agree that the best way would be a flat tax, I don't see it ever happening.

I wouldn't mind the EIC if it came with strings attached, like I said if they had to use it for education, homeownership, etc. But just handing out money with no strings attached--that's just wrong, and IMHO not what the government was trying to do when they originally put the EIC into place.

Anne

 

[Cool-Beans]

While I agree that the best way would be a flat tax, I don't see it ever happening.

I wouldn't mind the EIC if it came with strings attached, like I said if they had to use it for education, homeownership, etc. But just handing out money with no strings attached--that's just wrong, and IMHO not what the government was trying to do when they originally put the EIC into place.

Anne

So long as they are giving it away, I couldn't care less what gets done with it. If I don't have my money, my friend might as well buy jewelry or go to WDW...or burn it. Either way, I'm out the dough.

It isn't the people who get the refunds that bug me. It is the fact that some people have to pay out the *** while others collect money for nothing. Pisses me off. But, again, it isn't the recipients, it is the government.