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30,417,609 Paid $0 Income Taxes, Got $89.6 Billion Back

Kal'Stang said:
You might want to watch the video I presented in post 17. It shows a very different picture of a "few". Though I guess "few" is a subjective word..... At the time the video came out this was costing US taxpayers over 4 billion. Takes more than a "few"...at least imo...cases to reach that high a number.
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Any word if the new tax plan that the GOP passed solves this problem?
 
jdog21 said:
Changes to the child tax credit: What it means for families - Dec. 16, 2017
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Did CNN get it right? Here is the legislation: http://docs.house.gov/billsthisweek/20171218/CRPT-115HRPT-466.pdf

Page 47 (570/1097 pdf):


An individual may claim a tax credit of $1,000 for each qualifying child under the age of
17. A child who is not a citizen, national, or resident of the United States cannot be a qualifying
child.

The aggregate amount of allowable child credits is phased out for individuals with
income over certain threshold amounts. Specifically, the otherwise allowable aggregate child tax
credit (“CTC”) amount is reduced by $50 for each $1,000 (or fraction thereof) of modified
adjusted gross income (“modified AGI”) over $75,000 for single individuals or heads of
households, $110,000 for married individuals filing joint returns, and $55,000 for married
individuals filing separate returns. For purposes of this limitation, modified AGI includes certain
otherwise excludable income85 earned by U.S. citizens or residents living abroad or in certain
U.S. territories.
​
 
Lord of Planar said:
Does that matter?

Everyone needs a dog in the fight. If they pay nothing, then they have no desire to control spending or taxes. My biggest fear for this nation is when enough of them destroy this nation by electing people who give them more and more, making the rest of us pay more and more in taxes.

When will enough be enough, and the marginal people contributing to the rst decide it's easier to live off of tax dollars, and effectively strike from work?
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The best way to ensure people have a 'dog in the fight' is to ensure access to property, rather than guarantee taxation. Ownership in a community is a pretty great way to get people to care about said community. That means making it easier to get people on the housing ladder, and making it harder to acquire second homes and investment properties.
 
Lord of Planar said:
Did CNN get it right? Here is the legislation: http://docs.house.gov/billsthisweek/20171218/CRPT-115HRPT-466.pdf

Page 47 (570/1097 pdf):


An individual may claim a tax credit of $1,000 for each qualifying child under the age of
17. A child who is not a citizen, national, or resident of the United States cannot be a qualifying
child.

The aggregate amount of allowable child credits is phased out for individuals with
income over certain threshold amounts. Specifically, the otherwise allowable aggregate child tax
credit (“CTC”) amount is reduced by $50 for each $1,000 (or fraction thereof) of modified
adjusted gross income (“modified AGI”) over $75,000 for single individuals or heads of
households, $110,000 for married individuals filing joint returns, and $55,000 for married
individuals filing separate returns. For purposes of this limitation, modified AGI includes certain
otherwise excludable income85 earned by U.S. citizens or residents living abroad or in certain
U.S. territories.
​
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Read page 572 it states Earn Income Credit is not allow by someone who doesnt have a SSN. But then the Child Tax Credit the house bill says they need a SSN but then the senate says they do not and then it states the senate version was adopted. So acording to your link I would think that illegal immigrants still get there credit
 
jdog21 said:
Read page 572 it states Earn Income Credit is not allow by someone who doesnt have a SSN. But then the Child Tax Credit the house bill says they need a SSN but then the senate says they do not and then it states the senate version was adopted. So acording to your link I would think that illegal immigrants still get there credit
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Lord of Planar said:
Did CNN get it right? Here is the legislation: http://docs.house.gov/billsthisweek/20171218/CRPT-115HRPT-466.pdf

Page 47 (570/1097 pdf):


An individual may claim a tax credit of $1,000 for each qualifying child under the age of
17. A child who is not a citizen, national, or resident of the United States cannot be a qualifying
child.

The aggregate amount of allowable child credits is phased out for individuals with
income over certain threshold amounts. Specifically, the otherwise allowable aggregate child tax
credit (“CTC”) amount is reduced by $50 for each $1,000 (or fraction thereof) of modified
adjusted gross income (“modified AGI”) over $75,000 for single individuals or heads of
households, $110,000 for married individuals filing joint returns, and $55,000 for married
individuals filing separate returns. For purposes of this limitation, modified AGI includes certain
otherwise excludable income85 earned by U.S. citizens or residents living abroad or in certain
U.S. territories.
​
Click to expand...

Under the Senate amendment, as a part of the temporary modifications to the child tax
credit, for the taxable years 2018 through 2025, in order to receive the refundable portion of the
child tax credit, a taxpayer must include a Social Security number for each qualifying child for
whom the credit is claimed on the tax return.
 
jdog21 said:
Read page 572 it states Earn Income Credit is not allow by someone who doesnt have a SSN. But then the Child Tax Credit the house bill says they need a SSN but then the senate says they do not and then it states the senate version was adopted. So acording to your link I would think that illegal immigrants still get there credit
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Maybe.

It's hard to find facts in such document written by bureaucrats.
 
jdog21 said:
Under the Senate amendment, as a part of the temporary modifications to the child tax
credit, for the taxable years 2018 through 2025, in order to receive the refundable portion of the
child tax credit, a taxpayer must include a Social Security number for each qualifying child for
whom the credit is claimed on the tax return.
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I read that, and I hope it holds true.
 
Superfly said:
I find this offensive. My husband is a 100% service-connected disabled vet. He spent 25 years serving his country, only to come out damaged and broken beyond repair.

For this? He has tax free disability payments from the VA and SSI. Don't you think he deserves to live tax free? For what he sacrificed?

I certainly do. I'd much rather pay income taxes, and have my husband whole, and healthy.

Don't just assume that because someone pays no taxes, that they should have no right in how taxes are spent.

People pay their dues in more ways than just financially.
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Your husband is obviously the exception. However, there are people in this country who are young, healthy and fit who don't contribute a damn thing. Do you excuse that?
 
jdog21 said:
Read page 572 it states Earn Income Credit is not allow by someone who doesnt have a SSN. But then the Child Tax Credit the house bill says they need a SSN but then the senate says they do not and then it states the senate version was adopted. So acording to your link I would think that illegal immigrants still get there credit
Click to expand...

Lord of Planar said:
I read that, and I hope it holds true.
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sadly that loophole is only closed untill 2025 then illegal immigrants can go back to using it again
 
Kal'Stang said:
Only if those children are their dependents. Pretty sure that those 6 people, assuming the story by Blkdirt Farmer is true, are not responsible for 65 children.
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They put down a high number of dependents so as to have zero $$ withheld since they aren't going to file taxes.
 
americanwoman said:
If you read it, you would have seen nothing about the child tax credit.

Now can you provide something to back up your claim about those 6 latino workers?
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This is a "thing",

In southern California we used to joke about "clown houses" with 5-10 families. Common among both the South/Central American / Mexican immigrants and the Asian immigrants.

Now I doubt if any were taking child credits, but the housing thing is real.
 
chuckiechan said:
They put down a high number of dependents so as to have zero $$ withheld since they aren't going to file taxes.
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Watch the video in post 17. They do file taxes. And get returns. The high number of dependents in order to get 0 dollars withheld from their checks is their W2 forms. We're talking about dependents being listed in order to take advantage of the extra child tax credit. Which currently, thanks to Trump, is set at $1,400 per child. Which means that, again..assuming Blkdirt Farmer's story is true, means that between those 6 people with "65 child dependents" equals out to 91,000 dollars payed out in tax returns to 6 people. Or to put it another way, $15,166.66 per adult...who may not even have dependents because no proof of them even having dependents is required. And that is JUST for the child tax credit. There are of course other factors which increase the amount of return someone gets.

Someone making minimum wage, which is 7.25/hr working full time (40hrs/wk) will only make $13,920 per year gross. Those 6 people, individually, just made more in their tax returns than someone that works full time makes. All because they lied. (which btw is a felony to lie on a federal tax form)

And that isn't even counting the State Tax returns that they can get.
 
It isn't new....cheating on taxes is a national sport. I started watching the cheating in 1977. Many of my neighbors had FHA 235 loans, and more than a few lied to qualify for the loans. One degreed engineer getting good pay tried to get his pay reduced so he could qualify, but that didn't work for him. Another guy, general contractor, manipulated his income to get on the program and then built a home that did not qualify because it had a garage and a basement (rule was 1 or the other, not both) on an oversized lot which also should have kept him from qualifying. While the government essentially paid his interest, he was urged to deduct it as though HE had paid it.

I have seen people stupidly buy into suspect investments to get a bigger tax deduction. They are too stupid to know that they are losing more to the "investment" group than they would have paid to the IRS.

For a few years I did returns for people, and some wanted me to list medical or business deductions with no proof of spending the money. I told them to go to the local shyster at the mall, that I had no desire to be on any IRS lists.
 
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