I'm now a USA Welfare Recipient

2008-05-16 10:45:22

#26

IRONCHEF: Member; +385|6915|Northern California

And...the house (or senate) just passed the "FARM" bill...which is really a welfare bill. $400B is going towards food stamps and other welfare, while a mere $40B is going to subsidy farmers under certain incomes ($500k and $750k)..and another 1% of something going towards food aid internationally.

THink I'ma get me an EBT card and live off welfare too! Better than using it for war...which our awesome dem congress vowed to stop funding in 2009 (like they promised in 2006 when they got elected)! lol

2008-05-16 11:10:02

#27

God Save the Queen: Banned; +628|6767|tropical regions of london

RoosterCantrell wrote:
God Save the Queen wrote:
SEREMAKER wrote:
reminds of some rapper who has millions, pulls up to the welfare office in a limo _{rented of course} to get his food stamps
http://www.youtube.com/watch?v=gkNMxl7ziow
lol, odb is was a piece of shit, IMO.
-------------------------------------------------

Anyway. Well payed OH .But from what I understand this "stimulous package" is basically your 2009 tax return given to everyone now. So we'll see where that money came from when those tax returns come back and are only a few pennies. Well, form what I understand.

You however, probably won't have to worry about that, ya jerk

from what I understand, it has no effect on next years tax return.

ODB was the man.

2008-05-16 11:30:05

#28

Pug: UR father's brother's nephew's former roommate; +652|6966|Texas - Bigger than France

God Save the Queen wrote:
Pug wrote:
OrangeHound wrote:
All you neocons should hate me now ... I'm receiving welfare from the US Government.

That's right. I've got four kids which means that I get a $4000 tax credit to offset other income, and most of my income gets sheltered thanks to US tax loopholes ... and I just got an $1,800 economic stimulus payment.

This means that I paid negative federal taxes this year. I received money from the US government.

What is amazing is that I live in the region of the US with the highest average income (Fairfax County, VA), I own a $750,000 home, I drive relatively new cars, and I'm putting four children through private school ... yet, now I'm on welfare.

The United States is screwed.
I hope that house is already paid off, because based on your credits aren't being phased out by income level you have to be house-poor servicing than mortgage.

If you are paying that mortgage, how the hell did the bank allow that size loan on your income level?
you think maybe he could have bought it when it was value much lower. the house I live in was worth $80,000 when it was first bought. Today, its worth $600,000, without even being fully appraised.

I'm looking at the tax credits & stimulus payment to figure out about how much he makes and comparing it to the home value. Servicing a $400k mortgage would be painful.

But putting that aside, he's talking about paying "additional" tax with the tax return, when in fact its collected every time you get a paycheck. So he probably paid between $22k-$28k (after rebates & credits) but is happy because he got a refund.

2008-05-16 13:04:03

#29

Agent_Dung_Bomb: Member; +302|7160|Salt Lake City

If you can afford $750K, that will get you a very nice home in my neck of the woods. Something like this.

http://www.utahrealestate.com/794707

Or this.

http://www.utahrealestate.com/759985

Last edited by Agent_Dung_Bomb (2008-05-16 13:05:15)

2008-05-16 13:04:47

#30

OrangeHound: Busy doing highfalutin adminy stuff ...; +1,335|7073|Washington DC

Pug wrote:
I'm looking at the tax credits & stimulus payment to figure out about how much he makes and comparing it to the home value. Servicing a $400k mortgage would be painful.

But putting that aside, he's talking about paying "additional" tax with the tax return, when in fact its collected every time you get a paycheck. So he probably paid between $22k-$28k (after rebates & credits) but is happy because he got a refund.

Nah ... my mortgage is 130K (land cost ... built the house myself) ... the only federal taxes I paid in 2007 were gas taxes and self-employment taxes (SS & Medicare).

2008-05-16 15:31:40

#31

Turquoise: O Canada; +1,596|6829|North Carolina

I think we should limit child tax credits to the first 2 kids. There's really no need to subsidize having more than 2 per family.

2008-05-16 15:38:30

#32

Flaming_Maniac: prince of insufficient light; +2,490|7130|67.222.138.85

You are raising four fine young children that will help win the fight against communism.

Seriously though, the taxation system needs to be simplified. The complexity does nothing but encourage people not to go through the hassel of paying taxes and creates loopholes like this one. Not a flat tax system or the like, but surely a much more efficient system could be thought up. Ask Google or something.

2008-05-16 15:41:53

#33

Ender2309: has joined the GOP; +470|6995|USA

Turquoise wrote:
I think we should limit child tax credits to the first 2 kids. There's really no need to subsidize having more than 2 per family.

make it three as the national average is just slightly over two.

2008-05-16 15:42:53

#34

Turquoise: O Canada; +1,596|6829|North Carolina

A flat income tax or the Fair Tax could work, but only if, beforehand, government spending was drastically reduced. Since such reductions in spending are very unlikely, we're basically stuck with a corrupt bracket system.

2008-05-16 15:43:54

#35

Turquoise: O Canada; +1,596|6829|North Carolina

Ender2309 wrote:
Turquoise wrote:
I think we should limit child tax credits to the first 2 kids. There's really no need to subsidize having more than 2 per family.
make it three as the national average is just slightly over two.

I guess that could work.

2008-05-16 15:49:38

#36

OrangeHound: Busy doing highfalutin adminy stuff ...; +1,335|7073|Washington DC

Turquoise wrote:
Ender2309 wrote:
Turquoise wrote:
I think we should limit child tax credits to the first 2 kids. There's really no need to subsidize having more than 2 per family.
make it three as the national average is just slightly over two.
I guess that could work.

Seriously, the 1000 per kid tax credit combined with the Earned Income Credit (EIC) is nothing more than IRS welfare. For so many middle class families, the child tax credit eliminates their taxes, and the EIC gives them a welfare check.

(I don't qualify for EIC, but I help a number of families who do, so I see the results).

2008-05-16 15:56:54

#37

Turquoise: O Canada; +1,596|6829|North Carolina

OrangeHound wrote:
Turquoise wrote:
Ender2309 wrote:

make it three as the national average is just slightly over two.
I guess that could work.
Seriously, the 1000 per kid tax credit combined with the Earned Income Credit (EIC) is nothing more than IRS welfare. For so many middle class families, the child tax credit eliminates their taxes, and the EIC gives them a welfare check.

(I don't qualify for EIC, but I help a number of families who do, so I see the results).

I like Canada's approach. I'm not sure how their tax credits work, but they have a higher income threshold for the income tax. In other words, you can make more money there than here before you reach a level of income eligible for federal taxation. We need to up our income tax threshold, so that we pander less with subsidies and deductions.

2008-05-16 17:44:00

#38

Protecus: Prophet of Certain Certainties; +28|6945

haffeysucks wrote:
ghettoperson wrote:
$750k is quite a lot for a house by US standards isn't it?
$1M dollars would be a lot.

i live in one.

Apparently you've never been to California

2008-05-16 17:47:29

#39

blademaster: I'm moving to Brazil; +2,075|7069

chittydog wrote:
ghettoperson wrote:
S.Lythberg wrote:
you'd be surprised what you can't buy for 750K in some places
I guess big cities are a lot more expensive? $750k USD won't get you crap in Europe sadly.
It really depends where you are. Where I live in Dallas/Ft Worth, Texas, $750K will get you a damn nice house.

same here where I live they have houses over 1 million but for 750k u can get a very good house

Last edited by blademaster (2008-05-16 17:50:07)

2008-05-16 17:48:52

#40

Turquoise: O Canada; +1,596|6829|North Carolina

A million dollars will buy you a fucking castle here.

2008-05-16 18:20:57

#41

BVC: Member; +325|7119

Infortmative thread, its interesting to see what real estate prices are like around the world.

And personally, I'd love to have a house worth USD750k!

2008-05-16 18:44:04

#42

ATG: Banned; +5,233|6953|Global Command

If you look close on your tax return check it says " Made in China ."

2008-05-16 18:55:25

#43

Kmar: Truth is my Bitch; +5,695|7024|132 and Bush

OrangeHound wrote:
ghettoperson wrote:
$750k is quite a lot for a house by US standards isn't it?
The average home in the US is something like $250k to $300k ... where I live, it is something like $500k.

My home is a 3500 sqft Victorian on 3/4 acres in a highly desirable area of Fairfax County - one of the wealthiest (if not close to the wealthiest) regions of the world. I may be underestimating the value of my home. Larger homes just around the corner have sold for as much as 1.6 million.

The home is not the issue ... the issue is that the US government has someone like me effectively on welfare.

I'd say you are on the upper end of your town. http://www.zillow.com/real-estate/VA-Alexandria

Median Household Income: $56,054 $44,512
http://www.zillow.com/real-estate/VA-Al … -neighbors

Do you guys have a State income Tax?
Your COLA is a hell of a lot higher than Tampa .

I just rescued a dog.. I wonder if I can get a credit . Another mouth to feed .. yada yada

Xbone Stormsurgezz

2008-05-16 19:14:22

#44

Catbox: forgiveness; +505|7140

yes there is a state income tax
http://www.tax.virginia.gov/

Great Falls
http://www.zillow.com/real-estate/VA-Great-Falls
Vienna Va
http://www.zillow.com/real-estate/VA-Vienna
Oakton Va
http://www.zillow.com/real-estate/VA-Oakton
I live in Fairfax County... Lot of wealthy folks... lol
I'm working on the wealth thing myself...

Last edited by [TUF]Catbox (2008-05-16 19:15:27)

Love is the answer

2008-05-16 19:22:40

#45

Turquoise: O Canada; +1,596|6829|North Carolina

Lucky Floridians and Texans with your "no state income tax". Pfft! j/k

2008-05-16 19:26:32

#46

Canin: Conservative Roman Catholic; +280|6898|Foothills of S. Carolina

OrangeHound wrote:
All you neocons should hate me now ... I'm receiving welfare from the US Government.

That's right. I've got four kids which means that I get a $4000 tax credit to offset other income, and most of my income gets sheltered thanks to US tax loopholes ... and I just got an $1,800 economic stimulus payment.

This means that I paid negative federal taxes this year. I received money from the US government.

What is amazing is that I live in the region of the US with the highest average income (Fairfax County, VA), I own a $750,000 home, I drive relatively new cars, and I'm putting four children through private school ... yet, now I'm on welfare.

The United States is screwed.

You only got a $1800 stimulus package? I have 4 kids and got a $2400 stimulus package. I must need more welfare than you. Oh, and I also got back more at tax time than what I payed in. Benefits of being a single earner family and having the wife stay at home with the kids.

Seriously though, I don't think anyone should get back more in taxes than what they pay in. If you take your exemptions and owe nothing, fine. But you shouldn't get 2 grand back just because you have two more kids than your neighbor down the street.

2008-05-16 19:26:47

#47

Pug: UR father's brother's nephew's former roommate; +652|6966|Texas - Bigger than France

Turquoise wrote:
Lucky Floridians and Texans with your "no state income tax". Pfft! j/k

If you're lucky enough to be Alaskan, there's no income tax, plus you get a check from the State sharing oil revenue.

2008-05-16 19:28:05

#48

Pug: UR father's brother's nephew's former roommate; +652|6966|Texas - Bigger than France

Canin wrote:
OrangeHound wrote:
All you neocons should hate me now ... I'm receiving welfare from the US Government.

That's right. I've got four kids which means that I get a $4000 tax credit to offset other income, and most of my income gets sheltered thanks to US tax loopholes ... and I just got an $1,800 economic stimulus payment.

This means that I paid negative federal taxes this year. I received money from the US government.

What is amazing is that I live in the region of the US with the highest average income (Fairfax County, VA), I own a $750,000 home, I drive relatively new cars, and I'm putting four children through private school ... yet, now I'm on welfare.

The United States is screwed.
You only got a $1800 stimulus package? I have 4 kids and got a $2400 stimulus package. I must need more welfare than you. Oh, and I also got back more at tax time than what I payed in. Benefits of being a single earner family and having the wife stay at home with the kids.

Seriously though, I don't think anyone should get back more in taxes than what they pay in. If you take your exemptions and owe nothing, fine. But you shouldn't get 2 grand back just because you have two more kids than your neighbor down the street.

Dad: $600
Mom: $600
Per kid: $300

So single Dad = $600 + $300 x 4 = $1,800

2008-05-16 19:29:05

#49

CommieChipmunk: Member; +488|6993|Portland, OR, USA

Turquoise wrote:
I think we should limit child tax credits to the first 2 kids. There's really no need to subsidize having more than 2 per family.

I agree whole heartedly. If you can't afford to have 4 kids, then don't have 4 kids.

2008-05-16 19:29:48

#50

Turquoise: O Canada; +1,596|6829|North Carolina

Pug wrote:
Turquoise wrote:
Lucky Floridians and Texans with your "no state income tax". Pfft! j/k
If you're lucky enough to be Alaskan, there's no income tax, plus you get a check from the State sharing oil revenue.

I think the weather kind of outweighs the benefits there... and the cost of living for that matter... heh

BF2S Forums I'm now a USA Welfare Recipient

RoosterCantrell wrote:

God Save the Queen wrote:

SEREMAKER wrote:

God Save the Queen wrote:

Pug wrote:

OrangeHound wrote:

Pug wrote:

Turquoise wrote:

Ender2309 wrote:

Turquoise wrote:

Turquoise wrote:

Ender2309 wrote:

Turquoise wrote:

OrangeHound wrote:

Turquoise wrote:

Ender2309 wrote:

haffeysucks wrote:

ghettoperson wrote:

chittydog wrote:

ghettoperson wrote:

S.Lythberg wrote:

OrangeHound wrote:

ghettoperson wrote:

OrangeHound wrote:

Turquoise wrote:

Canin wrote:

OrangeHound wrote:

Turquoise wrote:

Pug wrote:

Turquoise wrote:

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