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Joined: Apr 2010
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OP
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Just saw they passed the new "child credit tax bill". We all know there are pages and pages of crap in there that they're not telling us about. I know it's supposed to be public information but can't seem to find it. Anybody got a link or information as to what else they're throwing at us in this bill ?
Your life is made up of two dates and a dash, Make the most of the dash.
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Joined: Jun 2001
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Considering people get a deduction for every kid there is no reason to give them another tax credit.
You get out of life what you are willing to accept. If you ain't happy, do something about it!
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Joined: Mar 2006
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Considering people get a deduction for every kid there is no reason to give them another tax credit. knowing democrats ,it is probably for illegal aliens and their kids only
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Joined: Feb 2017
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Considering people get a deduction for every kid there is no reason to give them another tax credit. knowing democrats ,it is probably for illegal aliens and their kids only The GOP House leader brought the bill to the floor, and it passed for a higher child tax credit....you think the Dem's run the House ?, it heads over to the Senate next.
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Joined: Nov 2008
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Convoluted POS, to get through they have to raise the cap on SALT from 10,000 to unlimited. Raise it to 400K eligibility 109 Billion. 33 B in expanded refundable tax credit retroactive to this tax season to 1600 per kid adjusted annually for inflation and believe it allows the use of a pin # instead of SS # for each kid. Did someone say for illegals, yep.
Swifty
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Joined: May 2002
Posts: 1,585
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Convoluted POS, to get through they have to raise the cap on SALT from 10,000 to unlimited. Raise it to 400K eligibility 109 Billion. 33 B in expanded refundable tax credit retroactive to this tax season to 1600 per kid adjusted annually for inflation and believe it allows the use of a pin # instead of SS # for each kid. Did someone say for illegals, yep. The SALT cap was a bad idea, I mean even in my state it's 6% income tax and about 8k a year in property tax so it doesn't exactly take a high income to get snagged by the cap and the small bracket change was definitely not enough (in our case) to offset the loss of all the state write offs, which cascades into a higher adjusted gross income that carries over to state and increases state taxes. Of course all of this should have been drastically simplified years ago but near zero chance that will happen.
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Joined: Mar 2006
Posts: 2,674
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Joined: Mar 2006
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Considering people get a deduction for every kid there is no reason to give them another tax credit. knowing democrats ,it is probably for illegal aliens and their kids only The GOP House leader brought the bill to the floor, and it passed for a higher child tax credit....you think the Dem's run the House ?, it heads over to the Senate next. the uni-party .. i mean some or a lot of republicans want illegal aliens in this country also .Just for differant reasons than the demoncrats
Last edited by rem shooter; 02/01/24.
NRA Life Member
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Joined: Feb 2017
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Considering people get a deduction for every kid there is no reason to give them another tax credit. knowing democrats ,it is probably for illegal aliens and their kids only The GOP House leader brought the bill to the floor, and it passed for a higher child tax credit....you think the Dem's run the House ?, it heads over to the Senate next. the uni-party .. i mean some or a lot of republicans want illegal aliens in this country also .Just for differant reasons than the demoncrats Nice flip-flop, they did Biden a favor while controlling the house....Johnson is an idiot with his days numbered.
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Joined: Nov 2008
Posts: 8,702 Likes: 2
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Joined: Nov 2008
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Convoluted POS, to get through they have to raise the cap on SALT from 10,000 to unlimited. Raise it to 400K eligibility 109 Billion. 33 B in expanded refundable tax credit retroactive to this tax season to 1600 per kid adjusted annually for inflation and believe it allows the use of a pin # instead of SS # for each kid. Did someone say for illegals, yep. The SALT cap was a bad idea, I mean even in my state it's 6% income tax and about 8k a year in property tax so it doesn't exactly take a high income to get snagged by the cap and the small bracket change was definitely not enough (in our case) to offset the loss of all the state write offs, which cascades into a higher adjusted gross income that carries over to state and increases state taxes. Of course all of this should have been drastically simplified years ago but near zero chance that will happen. I get snagged 6-7000 bucks every year because I dont have the other 20-21000 in deductions. 😀
Swifty
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Joined: May 2002
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I get snagged 6-7000 bucks every year because I dont have the other 20-21000 in deductions. 😀 Yep, I feel your pain - lost about 25k of deductions and that also translates into owing my state about $1500 more a year too.
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Joined: Jun 2001
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I get snagged 6-7000 bucks every year because I dont have the other 20-21000 in deductions. 😀 Same here. House is paid for and I claim zero deductions on my salary, navy pension and my wife's salary and they still get me for at least an extra $5K a year in Apr. I have to say I am getting tired of paying for the welfare queens in Chicago, the white trash in Mississippi and the crackheads in Detroit.
You get out of life what you are willing to accept. If you ain't happy, do something about it!
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Joined: Jun 2001
Posts: 4,266 Likes: 5
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The GOP House leader brought the bill to the floor, and it passed for a higher child tax credit....you think the Dem's run the House ?, it heads over to the Senate next. You are too damn dumb to grasp that is isn't about a party! It is about the entire swamp and both R's and D's are to blame. Catch a clue Moron.
You get out of life what you are willing to accept. If you ain't happy, do something about it!
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Joined: Feb 2017
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The GOP House leader brought the bill to the floor, and it passed for a higher child tax credit....you think the Dem's run the House ?, it heads over to the Senate next. You are too damn dumb to grasp that is isn't about a party! It is about the entire swamp and both R's and D's are to blame. Catch a clue Moron. I'm so glad you're here to continuously prove the small space in your head is rent free, drive up that blood pressure and stroke out....please fatboy.
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An accountant once told .e many if his migrant clients would claim ever child they knew in their village back home under they additional child tax credits. He said many would receive tax refunds higher than their annual income. He said some of them claimed so many child tax credits they got over $30,000 in returns.
I guess it was one of the biggest ways they'd rip off the system and he said no one would ever go after them to verify it. It looks like they're trying to start it up again.
Bb
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Joined: Jun 2001
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The GOP House leader brought the bill to the floor, and it passed for a higher child tax credit....you think the Dem's run the House ?, it heads over to the Senate next. You are too damn dumb to grasp that is isn't about a party! It is about the entire swamp and both R's and D's are to blame. Catch a clue Moron. I'm so glad you're here to continuously prove the small space in your head is rent free, drive up that blood pressure and stroke out....please fatboy. And you proved me right about you being dumb. It isn't about party, it is about the swamp. You are really quite pathetic.
You get out of life what you are willing to accept. If you ain't happy, do something about it!
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Joined: Nov 2015
Posts: 15,174 Likes: 19
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I get snagged 6-7000 bucks every year because I dont have the other 20-21000 in deductions. 😀 Same here. House is paid for and I claim zero deductions on my salary, navy pension and my wife's salary and they still get me for at least an extra $5K a year in Apr. I have to say I am getting tired of paying for the welfare queens in Chicago, the white trash in Mississippi and the crackheads in Detroit. You left out Texas freeloaders.
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Joined: Nov 2015
Posts: 15,174 Likes: 19
Campfire Ranger
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Campfire Ranger
Joined: Nov 2015
Posts: 15,174 Likes: 19 |
I get snagged 6-7000 bucks every year because I dont have the other 20-21000 in deductions. 😀 Same here. House is paid for and I claim zero deductions on my salary, navy pension and my wife's salary and they still get me for at least an extra $5K a year in Apr. I have to say I am getting tired of paying for the welfare queens in Chicago, the white trash in Mississippi and the crackheads in Detroit. You left out Texas freeloaders. Tooty go suck a cock
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Joined: Feb 2010
Posts: 15,789 Likes: 7
Campfire Ranger
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Campfire Ranger
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We don’t have a monopoly on white trash. 😊
NRA Life,Endowment,Patron or Benefactor since '72.
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The GOP House leader brought the bill to the floor, and it passed for a higher child tax credit....you think the Dem's run the House ?, it heads over to the Senate next. You are too damn dumb to grasp that is isn't about a party! It is about the entire swamp and both R's and D's are to blame. Catch a clue Moron. I'm so glad you're here to continuously prove the small space in your head is rent free, drive up that blood pressure and stroke out....please fatboy. And you proved me right about you being dumb. It isn't about party, it is about the swamp. You are really quite pathetic. Thank God I have your fat redneck queer ass to show me the truth, just glad we're on the same side....now fugg off fruitball
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