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- Jan 11, 2014
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This year's refund is already spoken for. Mama wants new floors down stairs, and when Mama ain't happy...
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After the OP posted his federal income tax refund for 2015 was greater than his federal income tax withheld for 2015, I asked the OP if his refund being greater than 100% of his withholdings was due to the Earned Income Tax Credit. He wouldn't answer that so I assumed it was due to the Earned Income Tax Credit.
Certainly he can spend his EITC windfall on a knife. Nothing illegal about that (though I do see it as morally repugnant), but I did suggest a couple of times he should probably do so quietly vs. telling actual tax payers that's what he is doing with it. <<<< AND THAT LAST SENTENCE IS MY POINT IN THIS THREAD.
Dude, you need to let this go. The only tax status that should matter to you is your own. Stop making assumptions about the tax status of another forum member. If you want to rant about EIC, take it W&C and start a thread there. Quite berating the OP over circumstances you've assumed to exist. It's not fair to a fellow member of this community and it exposes yourself. Most of us are trying to talk about knives.
Get over yourselfIt isn't necessarily because of not having withholdings correct. There is the Earned Income Tax Credit (and the CIC tax credit) which reduces taxes but can also mean a low earner has a refund equal to more than 100% of his withholdings. Having withholdings incorrect, alone, cannot result in getting a refund greater than the total amount withheld. Tax credits meant for low income earners are what result in a refund being great than total withholdings.
These refundable tax credits (EITC and CIC) are for low income earners (between 25 and 65 years old who cannot be claimed as a credit on another's tax return and who made less than $14,820 in 2015 if filing single or less than $20,300 in 2015 if filing jointly) . The tax credits came about to assist low income earners/families in an environment of rising fuel/power and food costs.
I have no problem with the EITC, but I do have a problem with:
(1) those getting the EITC not realizing it comes from the pockets of those who actually do pay federal income taxes and
(2) telling others their intent to splurge it on a luxury item themselves (another knife, for example) vs. using it for life's necessities as it was meant to be spent (even if they do splurge it on themselves they should just be quiet about it, especially in a crowd containing the tax payers who fund it).
After the OP posted his federal income tax refund for 2015 was greater than his federal income tax withheld for 2015, I asked the OP if his refund being greater than 100% of his withholdings was due to the Earned Income Tax Credit. He wouldn't answer that so I assumed it was due to the Earned Income Tax Credit.
Certainly he can spend his EITC windfall on a knife. Nothing illegal about that (though I do see it as morally repugnant), but I did suggest a couple of times he should probably do so quietly vs. telling actual tax payers that's what he is doing with it. <<<< AND THAT LAST SENTENCE IS MY POINT IN THIS THREAD.
Dude, you need to let this go. The only tax status that should matter to you is your own. Stop making assumptions about the tax status of another forum member. If you want to rant about EIC, take it W&C and start a thread there. Quite berating the OP over circumstances you've assumed to exist. It's not fair to a fellow member of this community and it exposes yourself. Most of us are trying to talk about knives.
Exactly, once the regular and important things are handled, why not treat yourself a lil....It's not fair to the folks in W&C, either.Take it to political.
I don't think in terms of a return being free money to spend, but I sometimes promise myself a small reward when I get my taxes filed on time and if I don't owe more than expected.
Perhaps I may if you just spend your EITC windfall quietly. From what's on BF you've already had two knives delivered then opened this thread.Get over yourself
Excepting there's a huge difference in the two situations.Exactly, once the regular and important things are handled, why not treat yourself a lil....It's not fair to the folks in W&C, either.Take it to political.
I don't think in terms of a return being free money to spend, but I sometimes promise myself a small reward when I get my taxes filed on time and if I don't owe more than expected.
It appears you lack the mental fortitude to completely grasp everything that's been said up until now...go back and read slowly..very slowly and perhaps maybe you'll be able to comprehend everything said...if not o well I'm all out of give aPerhaps I may if you just spend your EITC windfall quietly. From what's on BF you've already had two knives delivered then opened this thread.
Excepting there's a huge difference in the two situations.
From what's on BF you've already had two knives delivered then opened this thread.
What is this refund you are referring to?
So was your refund being greater than your total withholdings due to EITC, CTC, or both?It appears you lack the mental fortitude to completely grasp everything that's been said up until now...go back and read slowly..very slowly and perhaps maybe you'll be able to comprehend everything said...if not o well I'm all out of give a
F@#!'s today.
It was a combination of the GFY rebate, and the GOMD credit.So was your refund being greater than your total withholdings due to EITC, CTC, or both?
Truth be told, I didn't expect you to provide a straight answer.It was a combination of the GFY rebate, and the GOMD credit.So was your refund being greater than your total withholdings due to EITC, CTC, or both?
Truth be told, I didn't expect you to provide a straight answer.
Enjoy your new knives bought on our money. I'm done here.
Seriously.