ST Alpha - "An old article, but still interesting : "Entering the 2000s with one in four tax filers owing nothing, the nonpayers pool was supercharged by the Bush -- (link)" (Reading a Post)

SlickerTalk
Search Archives
The Leaderboard
The FAQ

Login
Create Account

Search Dr. S. Talk
TT/ST Wiki
How Well Do You Know ...

RSS Feed

Hosting by DigitalOcean

Support ST on Ko-Fi

Down to Post

Backboards:

Posts: 153

An old article, but still interesting : "Entering the 2000s with one in four tax filers owing nothing, the nonpayers pool was supercharged by the Bush -- (link)

Posted by mara Jul 18 '12, 07:33

(No message)

tax cuts in 2001 and 2003�especially by the doubling of the child credit to $1,000. By 2004, when the credit expansion was fully phased in, the number of nonpayers increased by 10.5 million, a 32-percent jump in the space of four years." (taxfoundation.org)

Responses:

[deleted]
That sort of deflates the "Bush tax cuts were only for the rich" argument, doesn't it? -- nm - spamlet Jul 18, 07:35 8
- I guess if anyone is making that argument, it does. -- nm - mara Jul 18, 07:37
- [deleted] 2
  - But if a significant part of the population gets all of their tax they would owe is wiped out, how is it disporportionate? - spamlet Jul 18, 07:43 1
    - [deleted]
- Sidebar: Can we stop calling them the "Bush Tax Cuts" since Obama extended them in 2010? -- nm - Strongbad Jul 18, 07:36 2
  - Wait, so are they something Republicans are eager to disassociate themselves from in some way? -- nm - con_carne Jul 18, 08:02
  - No. -- nm - znufrii Jul 18, 07:37
- [deleted]
here is what i want to know, for those owing nothing, does that mean on their tax return they got a full refund, or just didnt owe any extra? - tRuMaN Jul 18, 07:34 4
- [deleted]
- It means zero or negative federal income tax liability. -- nm - mara Jul 18, 07:36 2
  - so they are paying taxes, they just get offsetting credits to make then reset to zero. - tRuMaN Jul 18, 07:40 1
    - relatedly, i really dislike using the tax system to fund social programs (which is what the EIC, and the changes to the child tax credit did). -- nm - tRuMaN Jul 18, 07:45

Post a message top

Replies are disabled on threads older than 7 days.