- Joined
- Oct 12, 2013
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- 6,112
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- Political Leaning
- Communist
Sometimes less is more. Why do I feel like I'm arguing for a flat tax? lol
Without getting too personal, why aren't you obligated to pay taxes?
Very low income and two children. I get the standard deduction just like most people, then I get a deduction for every person in my family. That adds up to quite a bit and leaves me with very little taxable income but then that gets gobbled up with non-refundable credits which take my tax down to zero. After line 44 I start getting refundable tax credits. I get $2,000 in additional child tax credit and a pretty good bit for earned income credit.
I would say after you added up the Social Security Taxes I pay, the Social Security Taxes that my employer pays, the Medicare taxes that I pay, the Medicare taxes my employer pays and the Federal Income Tax withheld (which I try to keep at $0.00) I still come out with more money than I paid in.
Be poor, have kids and pay no taxes. North Carolina is full of people that live this way. People rarely brag about it because they don't want anybody to find out there secret.
I just think transparency is very valuable when it comes to solving problems.