Today I love the IRS

[dvcgirl]

Why don't you show me the website that proves they're paying more to SS and Medicare than someone making $50,000 a year?

I didn't say 50,000 a year....I said 90,000 a year (I'm not positive that's the exact number....but I thin it's in that range when one stops paying SS/Medicare). And it's not paying "more", it's a percentage.

 

[Alicnwondrln]

Don't you see the irony though Alic....

Bragging about receiving the EIC is also informing that they're not making much money.

i agree she might be not making much $ but she choose to tell everyone it was EIC $ she could have made her post and left that out it is no one elses business

Its her choice to spend it as she wants, and not judging the OP but I wish people thought about the money before spending it on "things" if you get EIC and dont make alot of money this money you get should be precious and i know if i ever got it I would spend it wisely

 

[N.Bailey]

I'm not talking about the poor creating jobs.

I'd actually have to see that to see what it boils down to in dollars and cents.

 

[bettyann29]

You're actually free to not continuing reading this thread if you don't like it. No one is holding a gun to your head to do so. At least I hope not anyway.

No one ever said anything about getting your own money back either. If you choose to make that an issue, it's your issue, not everyone else's.

You're right!! Noone is holding a gun to my head to come back here, but guess what? I chose to because I love listening to everyone think that their side of it is right.. I guess I just thought by now this thread would have died down a bit, but it seems to be some of the same people who have to keep debating with others when someone oposes their beliefs.. I figure this thread will still be here next year when someone posts about how much they are getting with their EIC refund..

You're right.. nothing was said about how "I" choose to spend my money, but much is being said about what OP is spending hers on.. and since some of my refund is EIC I figured everyone who has a problem with how people spend their EIC refund would like to know what I plan on doing with mine.. If you dont, then dont read my reply... but you chose to come back as I do so you probably will..

Waiting for your reply....

 

[N.Bailey]

I didn't say 50,000 a year....I said 90,000 a year (I'm not positive that's the exact number....but I thin it's in that range when one stops paying SS/Medicare). And it's not paying "more", it's a percentage.

Well yeah, because at that range, you've hit the max on SS. They're not making you pay into something they're never going to give you back. The Amish don't pay on SS at all either because they would never claim it at retirement. I"d bet that over half the middle class make less than $90,000. This is no refund to these people. Heck, it applies to damn near everyone, not only those that qualify for the EIC. You do realize that stops in the $30,000 range, don't you? How does that argument hold up after that?

 

[Alicnwondrln]

You're right!! Noone is holding a gun to my head to come back here, but guess what? I chose to because I love listening to everyone think that their side of it is right.. I guess I just thought by now this thread would have died down a bit, but it seems to be some of the same people who have to keep debating with others when someone oposes their beliefs.. I figure this thread will still be here next year when someone posts about how much they are getting with their EIC refund..

You're right.. nothing was said about how "I" choose to spend my money, but much is being said about what OP is spending hers on.. and since some of my refund is EIC I figured everyone who has a problem with how people spend their EIC refund would like to know what I plan on doing with mine.. If you dont, then dont read my reply... but you chose to come back as I do so you probably will..

Waiting for your reply....

LOl i hope this thread isnt here next year..there will be a new one ! LOL
I think the OP could have stated what she was buying without telling everyone it was EIC $$. People arent saying what she should buy i think they are just surprised she flaunted her refund mostly EIC $ and then is buying so BIG ticket items
if you are EIC and living poorly then the money that you get back tha tyou didtn put in should be spent wisely
that way you dont have to take school loans and apply for heating assistance

 

[N.Bailey]

You're right!! Noone is holding a gun to my head to come back here, but guess what? I chose to because I love listening to everyone think that their side of it is right.. I guess I just thought by now this thread would have died down a bit, but it seems to be some of the same people who have to keep debating with others when someone oposes their beliefs.. I figure this thread will still be here next year when someone posts about how much they are getting with their EIC refund..

You're right.. nothing was said about how "I" choose to spend my money, but much is being said about what OP is spending hers on.. and since some of my refund is EIC I figured everyone who has a problem with how people spend their EIC refund would like to know what I plan on doing with mine.. If you dont, then dont read my reply... but you chose to come back as I do so you probably will..

Waiting for your reply....

Not in my posts you didn't. I take no issue with the OP. I only take issue with the government.

I do choose to come back, but when I come back, I don't complain that others are still talking about the subject. That's the point, if you don't like the subject.

 

[Free4Life11]

I'd actually have to see that to see what it boils down to in dollars and cents.

All I am trying to say is everyone, INCLUDING THE POOR, collectively create the demand for certain products/services which in turn causes the need for more jobs in specific fields.

Good grief what am I supposed to do, bow down to the rich for creating jobs??

 

[dcgrumpy]

I didn't say 50,000 a year....I said 90,000 a year (I'm not positive that's the exact number....but I thin it's in that range when one stops paying SS/Medicare). And it's not paying "more", it's a percentage.

What about all of the people that make between $31K and $90K?

 

[poohandwendy]

You're right.. nothing was said about how "I" choose to spend my money, but much is being said about what OP is spending hers on..

Well, the Op has had no problem griping about others she thinks abuse the 'system'. From her own words, back in November:

I see freeloader when I walk outside every day from my apartment. She's on Section 8, pays zero in rent has the full 3 bedroom section 8 funding even though she meets the qualifications for a 2 bedroom (2 girls 1 year apart, according to guildelines should share)....she had her lpn school paid for last year, and this year she's at the same school i am, taking pre/co req's for the adn program. She gets foodstamps, and ANFC, and medicaid for her kids. She gets fuel assistance to the tune of 1800 a year.

Then you have me, who is in school 12 credits, works on the weekends I do not have my girls- 2 doubles by the way, sold my Envoy, bought a used passat. Live off of my child support, and my wages of those doubles. Is there any extra? Hell no, theres not enough to get by. So what do I do? I apply for fuel assistance- EVEN thought I already pre-bought 400 gallons ($850). I will need about 600 gallons for the year, so if they can help me with 1/3 of it, it will be a great help.

So what am I doing differently than this freeloader? When I applied for fuel assistance, I didnt lie. I applied in September like they said to do, and my august income was way to high to get assistance. They denied me, not partially, FULLY DENIED. I felt black balled. I do get a pell grant for school, but the rest of the school money and living expenses comes from stafford loans that I will pay back. It's not free money. My kids christmas will be nothign like what they are used to. Heck at this point, I'm not even sure if there will be anything under the tree. I did get DD9 her snowboard, but without boots and bindings its not much use.

My neighbors kids will have a wonderful christmas, they will get a ton of crap they dont need or want. All at the expense of others. And all the while their father - not married- works for the state as a corrections officer, but uses a different address so not to get 'caught'...

Yeah, thats freeloading...what I'm doing is saying "I made a choice, and now I'm living with that choice, I'm still on my feet but my balance isnt that good and it wont be long until I'm kicked off them, can ya hold my hand for a few weeks so I dont end up under the water too far". See the difference?

 

[Alicnwondrln]

can someone find a link about them paying in more in SS and all that i never heard of that
i googled it but not much is coming up

 

[Free4Life11]

This has been answered. Everyone pays 7.15% or so of the first $90,000 they make in Social Security. So no, they don't pay more.

 

[Alicnwondrln]

This has been answered. Everyone pays 7.15% or so of the first $90,000 they make in Social Security.

thanks

 

[dcgrumpy]

can someone find a link about them paying in more in SS and all that i never heard of that
i googled it but not much is coming up

http://www.ssa.gov/pubs/10003.html

You stop paying into SS once you make $90,000, so if you make over $90,000 a year you're paying a lower percentage than the people that make less than $90,000

 

[dvcgirl]

What about all of the people that make between $31K and $90K?

Well, again, the way I understand it is that it's a percentage formula. And so if you make just under 31K your EIC would be smaller than someone making 17K...and so on.

I do think it's fair to cap it at 90K (and yes we're high income earners), because the max that we'll get back from SS is capped.

 

[dvcgirl]

http://www.ssa.gov/pubs/10003.html

You stop paying into SS once you make $90,000, so if you make over $90,000 a year you're paying a lower percentage than the people that make less than $90,000

thanks for pulling it up dcgrumpy...

 

[Alicnwondrln]

Well, the Op has had no problem griping about others she thinks abuse the 'system'. From her own words, back in November: I see freeloader when I walk outside every day from my apartment. She's on Section 8, pays zero in rent has the full 3 bedroom section 8 funding even though she meets the qualifications for a 2 bedroom (2 girls 1 year apart, according to guildelines should share)....she had her lpn school paid for last year, and this year she's at the same school i am, taking pre/co req's for the adn program. She gets foodstamps, and ANFC, and medicaid for her kids. She gets fuel assistance to the tune of 1800 a year.

Then you have me, who is in school 12 credits, works on the weekends I do not have my girls- 2 doubles by the way, sold my Envoy, bought a used passat. Live off of my child support, and my wages of those doubles. Is there any extra? Hell no, theres not enough to get by. So what do I do? I apply for fuel assistance- EVEN thought I already pre-bought 400 gallons ($850). I will need about 600 gallons for the year, so if they can help me with 1/3 of it, it will be a great help.

So what am I doing differently than this freeloader? When I applied for fuel assistance, I didnt lie. I applied in September like they said to do, and my august income was way to high to get assistance. They denied me, not partially, FULLY DENIED. I felt black balled. I do get a pell grant for school, but the rest of the school money and living expenses comes from stafford loans that I will pay back. It's not free money. My kids christmas will be nothign like what they are used to. Heck at this point, I'm not even sure if there will be anything under the tree. I did get DD9 her snowboard, but without boots and bindings its not much use.

My neighbors kids will have a wonderful christmas, they will get a ton of crap they dont need or want. All at the expense of others. And all the while their father - not married- works for the state as a corrections officer, but uses a different address so not to get 'caught'...

Yeah, thats freeloading...what I'm doing is saying "I made a choice, and now I'm living with that choice, I'm still on my feet but my balance isnt that good and it wont be long until I'm kicked off them, can ya hold my hand for a few weeks so I dont end up under the water too far". See the difference?

those old posts can come back to haunt you

 

[MagicKingdom05]

N.Bailey,

Like I mentioned before, I completely understand where your coming from with this and what the issues are. However here is where I'm coming from.

10 yrs ago when I started college I had every type of financial aid that they had out, I had student loans and worked during the school year. When it came tax time you better believe that I took the EIC. The extra money from this allowed me to go home for holidays, buy gifts, school clothes ect that I wouldn't have been able to. I did this for all 4 yrs and without it, I wouldn't have been able to finish. I'm sure back then someone would have had an issue with what I was spending it on, but I had to do what I had to do to get through college. If it wasn't for someone elses federal tax dollars, I wouldn't be in the position I am today and there isn't a day that goes by that I'm not thankful for that.

Even though for 2005 I had $8000 taken out for Federal taxes and another $1400 from the state, you will never here me complain about some of my tax dollars going to programs like EIC or other programs that help people with there income. Sure I think the tax system we have now needs some major fixing, but I had to take EIC for 4 years and have seen the good that has come from it.

 

[dvcgirl]

Well, the Op has had no problem griping about others she thinks abuse the 'system'. From her own words, back in November:

Well, the one sentence about "nothing left for extras" is amusing in light of the original post.

But I'm not surprised....living above ones means runs the gamut....from low income to high income.

 

[N.Bailey]

Maybe you all don't trust Wikipedia, but I really do. Here is an article about EIC for anyone wishing to review it. NO WHERE does it mention ss or medicare. I think "poverty reducer" is a term flung around on the site.

http://en.wikipedia.org/wiki/Earned_income_tax_credit