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<blockquote data-quote="brett636" data-source="post: 250914" data-attributes="member: 249">I, cannot for the life of me, understand why you think this dribble regarding the tax cuts has any relationship to anything occurring in the real world.&nbsp; &nbsp;To give you a better idea of why I say this, let me lay out my qualifications for doing so.&nbsp;&nbsp; In the last three years I have completed more tax returns than you will in three lifetimes.&nbsp; I understand the income tax system better than most, and I have completed income tax returns for people ranging from single moms who make &lt;$10k/yr. to people whose income would make a top pay feeder driver blush.&nbsp; I&#039;ve done returns for sole proprietors, rental real estate owners, stock traders, etc.&nbsp; &nbsp;In the real world the only people getting back more than they paid in for income taxes are low income parents.&nbsp; How can a single mom who makes around $6k get a $2,000+ tax refund?&nbsp; The earned income tax credit.&nbsp; Your analogy seems to lend to a false notion that people in higher income tax brackets get back more than they paid in under the republican tax cuts.&nbsp; This is hardly the case.&nbsp; In fact more and more people are finding themselves qualifying for the alternative minimum tax which is tax system that was originally setup to keep wealthy tax payers from not owing taxes, but since it hasn&#039;t been adjusted for inflation it now is trapping middle class taxpayers in what I call a &quot;stealth tax&quot;.&nbsp; &nbsp;I will say this one more time, since the tax cuts have been initiated government income tax revenues are higher than they have ever been.&nbsp; Why raise them anymore to pay for another bloated government social program that is almost guaranteed to go bust sometime in the future?</blockquote>

[QUOTE="brett636, post: 250914, member: 249"] I, cannot for the life of me, understand why you think this dribble regarding the tax cuts has any relationship to anything occurring in the real world. To give you a better idea of why I say this, let me lay out my qualifications for doing so. In the last three years I have completed more tax returns than you will in three lifetimes. I understand the income tax system better than most, and I have completed income tax returns for people ranging from single moms who make <$10k/yr. to people whose income would make a top pay feeder driver blush. I've done returns for sole proprietors, rental real estate owners, stock traders, etc. In the real world the only people getting back more than they paid in for income taxes are low income parents. How can a single mom who makes around $6k get a $2,000+ tax refund? The earned income tax credit. Your analogy seems to lend to a false notion that people in higher income tax brackets get back more than they paid in under the republican tax cuts. This is hardly the case. In fact more and more people are finding themselves qualifying for the alternative minimum tax which is tax system that was originally setup to keep wealthy tax payers from not owing taxes, but since it hasn't been adjusted for inflation it now is trapping middle class taxpayers in what I call a "stealth tax". I will say this one more time, since the tax cuts have been initiated government income tax revenues are higher than they have ever been. Why raise them anymore to pay for another bloated government social program that is almost guaranteed to go bust sometime in the future? [/QUOTE]

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