Hey Fuzzy,
My SIL, daughter and 8 grandkids live in NC. He's a heating/AC tec and makes $25k a year. He has $0 withheld from his pay in Federal and State income taxes. He pays about $2k in FICA, $1k in property taxes and about another $1k in State Sales Tax. Last year, due entirely to Child Care Credits, Additional Child Care Credits, and the EIC, they got a $9800 Federal refund, and a $900 State refund. This is with nothing withheld from his pay. Add another $10k in food stamps and that means they paid a negative $16700 in taxes. Ran numbers for them last year when I did their taxes, and he would have to make over $60k before he would pay a dime in Federal income tax.
I tend to believe the numbers these folks are throwing out are far more accurate then you think. Not saying the working poor don't need a hand, as they sure do, but just because you don't want to believe the numbers doesn't make you right.
dpnewell wrote: