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Party realignment ending or just starting?
#16
Anthony \58 Wrote:We only have total tax forgiveness for the working poor who have tons of kids.
Not tons of kids.  My granddaughter got several thousand in EIC when she worked at Taco Belll when she was a single mom with just one kid.  My grandson is single with no kids, earns about 12-13K and has gotten some EIC (hundreds IIRC). I looked it up, EIC is phased out at an AGI of 14.8K.
 
So single people with no kids actually don't pay any net income  taxes until their income reaches nearly 15K.  They do pay payroll taxes, sales taxes, property taxes etc.
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RE: Party realignment ending or just starting? - by Mikebert - 05-23-2016, 04:29 PM

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