New tax cut

[crazymomof4]

Originally posted by Geebs
People without kids tend to get screwed on things like this.
It stinks, because singles or couples are more likely to blow their money on vacations and frivoulous things.
Oh well...i guess we are out of luck.

The point that I was really trying to make was that singles and couples can be more free with their money since they don't have to spend it on other people's needs ( ie school etc). they can go out and by that cd player with out thinking " oh..I have to by dear son's new shoes and put money away for his college".

Geebs- You are very right when you say that "no one made you have kids that cost so much to raise. " I agree with that competely. And I don't expect any hand outs to help support them.
I can really empathize with the expenses related to having special needs due to your husband's 7 ft stature. WOW! That must be tough! But, you have to admit that your case is not the norm. Most couples do not have the kind of expenses you have.

What I don't understand is what you mean by the above quotes. Just like no one forced us to have our kids, and therefore less $$, no one is forcing singles or couples to "blow" their $$ and therefore have less of it. Just like I don't expect anyone to feel sorry for me bc. I have 4 kids, I really can't work up any pity for my childless friends who drive expensive cars, go on expensive vacations and have expensive (and emaculate-LOL) houses.

Are you saying that bc. the government is helping (in this small way) to support the children of this country that they should also help support the frivolous spending of those w/o children? I'm sorry, but I'm glad that the politicians place more value on a child than a cd player, I would hope most people do.

Like you said, I don't want to start a war either. I just don't understand your point.

 

[NancyO]

------------------------------------------------------------------------------------I didn't and don't want to start a war here, but no one made you have kids that cost so much to raise. It just seems unfair that couples who don't have kids have to bear the burden sometimes for choices that other people make.
------------------------------------------------------------------------------------

I feel an urge to respond to this post without flameing.
What you are saying is not true. In no way are you bearing anyone elses burden. You are paying what you owe. No more, no less. While its true you don't get a "extra credit" for children, that is because you don't get "any" credit for the children you "don't" have. Of course you could use more money, who couldn't. But to suggest you should get a credit because your husband is tall and eats a lot is just silly. Should taxes be figured by square inches and metabolism.
As fas as our choices go, aren't you doing the very same thing. You are choosing not to have children.

I'm thankful to be an American and to have the right to choose!

 

[suevee]

I have a problem I hope someone can help me with. Last year (2002) I claimed my granddaughter on my taxes. Her mother was in Afganistan from Jan to March then TDY in Tampa Florida until the end of November. So my granddaughter lived with us for 11 months. Really 12 'cause her mom came back home for the month of Dec as well!

So I claimed her in 2002, but will not in 2003. Will I get the credit? Do I give it to my daughter for next year? How will it work for us?

Also I feel the need to point out that the children of today will be supporting us ALL in the future, parents and non-parents. They will be responsible for SS, fire, military, police, nursing, etc. It is in the best interests of all of us to take of them and their families, even if we don't have children of our own - like my two brothers and sisters.

 

[rlduvall]

suevee:

I can help answer your question. I contacted the IRS because my husband claims his child from a previous marriage every other year. In 2002 his ex-wife claimed him, so for 2003 we would claim the child, but she will receive the $400.00 rebate this year for the 2003 taxes. (I was not happy about this, lol) How it was explained to me, and makes perfect sense, the "ex-wife" will receive the $400.00 rebate based on 2002 return, but when she files for 2003, because she is not eligible for the child tax credit for that year, she will have to return the $400.00 rebate (or it would just reduce any refund she might receive). We then will make the claim for the full $1,000.00 (on our 2003 return - next year) which will be an option on the 2003 income tax return. Sounds complicated, but it's really not. Okay, was that clear as mud? lol

 

[TreeOfLife]

You know, before you guys jump up and down or criticize the checks, make sure you claimed this credit in 2002. Otherwise, even if you have the income and the kids, you may not get the advance pay.

 

[DianeV]

Kindof a side thought..if all of "us" didnt have children eventually we wouldnt have any people on Earth!

 

[BibbidyBobbidyBoo]

I did TreeOfLife- I wasn't ABOUT to get excited until I pulled out my print out of my filing my taxes online and made sure I filed that credit. LOL

 

[poober25]

I posted earlier that ALL tax brackets were decreasing by 2%. That is not correct. The 10% and 15% brackets are remaining the same, but everything else goes down. Everything else I posted was correct.

Another thing, I think the reason some people are thinking the child tax credit is retroactive is because the tax cuts themselves are retroactive to Jan 1, 2003. So the new tax bill affects the entire year, not just from the date it was passed. HTH someone.

 

[crazymomof4]

Originally posted by suevee
Also I feel the need to point out that the children of today will be supporting us ALL in the future, parents and non-parents. They will be responsible for SS, fire, military, police, nursing, etc. It is in the best interests of all of us to take of them and their families, even if we don't have children of our own - like my two brothers and sisters.

Well said! My thoughts exactly! I wanted to make this point also, in my last post, but didn't bc. I was afraid of rambling on. I'm glad you did.

Sorry, I can't help with your question.

 

[Banshee]

.

Are you saying that bc. the government is helping (in this small way) to support the children of this country that they should also help support the frivolous spending of those w/o children? I'm sorry, but I'm glad that the politicians place more value on a child than a cd player, I would hope most people do.

I completly agree! No one forced me to have my son's but you know what even if it cost millions to raise them i would have it no other way. I can not imagine life with out them. Isnt that one of the american dreams to have a family and a secure future. And on the same note no one forced you to marry a 7 foot tall man. at least I hope not!! Because I have children I need to spend money not only for frivilous things for them but food, medical, clothing,schooling. So I agree I am glad that gov. is helping to support children. wish there was a little something lower income family's could get back as I know my brother coud use something also but he claim 5 and head of household so he really pay's very little in income tax's to begin with. Believe me I am not trying to insult anyone. Please everyone have a great summer!!!

 

[Banshee]

sorry my previous post was supposed to qoute someone else. So that first paragraph was quoted from crazymomof4 I just agreed with what she said. Sorry about that!!

 

[crazymomof4]

Banshee~ Welcome! I sent you a private message.

crazymomof4

 

[Geebs]

since so many people have responded to my response, I feel that I must clarify things. I don't want to upset anymore than I already have.....especially fellow disney lovers!
no...no one forced me into marrying a 7 ft tall man. We all have our choices. ( like those choosing to have kids) i love America for being able to make these type of choices.
the thing that I was trying to get at was the reason for the tax cuts ( as described by politicians) was to help spur the economy along. That is what I meant by more frivoulous spending by singles/couples. you are right...paying for the needs of a child ( ie school, health care. food, etc) is WAY more important than buying a cd player...but it doesn't neccessarily help the economy grow. ( I know that in ways it can). I think that the support for families is a good thing...but sometimes young couples need help too. For example, both my husband and I are paying of student loans...it would be nice for the extra money to pay them off quicker...which can help others pay for college for their kids.
Someone mentioned that you get out what you put into the tax system. The thing is, my husband and I pay a lot in taxes and we don't have the deduction of dependents...or the first time deduction for a new baby. Obviously, these deductions are good because they help with the needs of your family..people without kids don't get these. I donate tons of money to charities just to get a deduction or two...small ones at that. (even did it as a wedding favor a few months ago.. to of all things a children and family charity...I know... I know.... )

some one said "But to suggest you should get a credit because your husband is tall and eats a lot is just silly."...
I feel that I have to respond to this...people have said that the credit was great because the cost of raise kids is so high( ie food, clothing, etc) and it would help. Wouldn't it help us as well??? I mean it costs everyone a lot to live..not just those with kids and any help would be great. that was the point I was making.
I feel like I have made some enemies here...not my intention as i love coming to these boards. I guess I was just griping.
kids should be taken care of...don't get me wrong...trust me someday I am going to be a very spoiling aunt.
sorry to cause such a stir.

 

[BethR]

Geebs, I really don't think that you have made any enemies here. Actually I was just coming to say that it is SOOOOOO nice to see thread like this that has some differing opinions be able to go on without any nastiness, finger-pointing, accusations, or personal attacks!

Like you said, we are all Disney lovers here and we should be able to carry on an intelligent discussion in this manner, as I feel has been shown on this thread.

I think that you guys are all great!

 

[rlduvall]

geeb

I agree that things got a little hot towards you and I didn't understand why. I even re-read your post to see if you said you deserved the credit because your husband was 7' tall and eats alot. I didn't read it that way. I didn't have a child until I was almost 35 years old and there were times I did resent people with children getting all the breaks. I definitely see both sides to the story. Fortunately, most people will benefit from the tax cut in other ways. I have always loved these boards because everyone is so kind and helpful to each other. Let's keep the loving going. lol.

 

[TreeOfLife]

Geebs, I really don't think that you have made any enemies here. Actually I was just coming to say that it is SOOOOOO nice to see thread like this that has some differing opinions be able to go on without any nastiness, finger-pointing, accusations, or personal attacks!

Oh but you can always find the irrational, manic depressive episodes and sour lemons posting on the debates board!

Classy people do better than that, no matter how touchy the topic is.

 

[Banshee]

Geebs believe me I wasnt trying to insult you! I sympathize with student loans believe me know. Also I dont know if anyone else has heard this but I heard today from some else that there might be a 3,000.00 tax credit for couple's that both work? I dont know would be nice they had said they saw it on th IRS web site.I havent checked it out yet thou. So I dont know if it is true??I was really only joking about " I hope no one forced you to marry a seven foot man?? " I was really just kidding. I dont think you have made any enemies either! At least I would hope not, you have certainly not made an enemy of me. Have a great summer!!

 

[DEH3rd]

Hi all,

i have 3 little ones, so i will get some of MY money back, so i guess i'm one of the "lucky" ones. That's what we need to remember, it's YOUR money! It is not a gift from uncle sam. There should be no "criteria" to meet to get your own money back. While i am of the belief that any tax cut is a good tax cut, I don't feel that you should have to jump through hoops, or match a certain profile to get your money back. Everyone who pays atxes should pay less (i know the rates are lowering for everyone), but this does kinda pit people against each other..."he got his, where's mine?" What i don't want to hear is the people who pay no taxes & get head of household & earned income credits complaining about not getting any more $$$. They are already getting handouts (YOUR money). No, keep the economy moving on up & spend that cash at WDW, like i will be doing in 14 days!

 

[crazymomof4]

Originally posted by Geebs

I feel like I have made some enemies here...

PLEASE don't think that! While posting, I was very conscious of not coming across as nasty while I asked you for clarification of your point. Really, my best friends and I often discuss things like this and we don't always agree but we debate them in a friendly way. I think most DISers are mature enough to do the same. With the amount of people posting it's inevitable that opinions will differ. Please don't take it personally, OK? Someday you may have some really great advice on a question I post and I would hate for you to be too afraid to post it!

Friends?

crazymomof4

 

[crazymomof4]

Originally posted by TreeOfLife
Oh but you can always find the irrational, manic depressive episodes and sour lemons posting on the debates board!

Ha Ha. I don't ever go over there. With 6 people living in my house we have enough debates right here to suit me!