Monosyllabic Pedantry

Thursday, March 18, 2010

Mooching Breeders


First of all, let me point out that I don't fault people for taking advantage of tax breaks. My beef is with the government.
Secondly, if you want to have a kid, go for it, with my blessing. But what gives you the right to make me or anyone else pay for your kid?

From investors.com,

A record number of the 142 million tax returns filed in 2008 resulted in no taxes owed, according to the Tax Foundation's analysis of the latest IRS data. About 51.6 million returns, or 36.3%, were filed by those whose deductions, exemptions and tax credits wiped out any federal income-tax obligation.

These aren't people who have overpaid their taxes or had so much withheld from their paychecks that they'll get refunds. Those people owe taxes and merely provided the government with a zero interest loan until accounts are settled. These are people who pay no taxes at all.

There's been a 59% increase in the number of nonpayers since 2000, growing from 32.6 million in 2000 to 51.6 million in 2008. In the same period, the total tax filers grew by only 10%.

Not only are fewer people paying any taxes, but also the income levels for these nonpayers have steadily risen. A family of four earning more than $50,000 can have no income tax liability after taking the standard deduction and the child tax credit.

According to the Tax Foundation, "The major elements of the Economic Stimulus Act of 2008 boosted the maximum income for nonpayers to more than $56,700" — the highest ever.

The government has continually expanded the value of benefits such as the earned income tax credit to the point where you get a check from Uncle Sam even if you paid no taxes during the year. That's what made it so laughable when the administration claimed it was cutting taxes for most Americans when nearly 40% pay no taxes to start with. These are in essence welfare checks.

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1 Comments:

  • Just got our check back and I wanted to come by and say "Thanks man." We appreciate you paying for our new hot tub.

    By Blogger W, at 12:36 PM  

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