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In Reply to: RE: Like the Monkees sang, that was then, this is now. posted by E-Stat on January 13, 2021 at 17:26:44:
And only because I wanted to e-file and get my return ASAP. I qualified for the Earned Income Tax Credit (yes, I was that poor) and needed the money to pay my kid's college tuition.
Back to Dynobot's point...do you think it's wise for the government to reward people for running up credit card debt? I don't.
And if I were running the government, your brother wouldn't have a job. I'd eliminate all deductions and credits and treat all income taxed the same, including income from things like capital gains.
In exchange for that I'd make steep cuts in the tax rate. Nobody would get a refund every February but they'd have more money in their pocket all year round.
Do it right, you can cut tax rates but still increase revenue.
The blissful counterstroke-a considerable new message.
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Follow Ups
- Just that one time. - ghost of olddude55 04:05:12 01/14/21 (2)
- RE: Just that one time. - E-Stat 05:44:57 01/14/21 (1)
- You couldn't do it in 2002 unless you bought the software. - ghost of olddude55 06:13:45 01/14/21 (0)