Debate Over Tea Party Protest Numbers Masks the Real History Made
Metz:
@ 148 jharp
“Thanks for the links. These really aren’t tax cuts so much as they are gifts for two years as I understand them. Households would be eligible for up to $800 per year under this plan.”
“And btw, if somebody receives more in refundable credits than they’re paying in payroll taxes, effectively they aren’t paying any taxes, on income anyways.”
You are welcome. I am always happy to dispel wingnut myths. We’re all better off for it.
And please, without question they are tax cuts. For you to refer to them as gifts is preposterous.
And yes, if someone receives more in refundable credits than they paid in payroll taxes they aren’t paying any taxes on income. Yet that same guy would have paid more taxes without Obama’s tax cuts.
The fact is Obama cut taxes for about 95% of us. And the right wing gasbags have misled a pretty fair percentage of American’s to believe otherwise.
