Current Events > House Democrats propose extending expanded child tax credit through 2025

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pure_temper 09/14/21 2:59:20 PM #1:	https://www.cnbc.com/2021/09/13/house-democrats-propose-extending-expanded-child-tax-credit-to-2025.html This is great news! Finally money going back to the people. Once it's permanent, double it and have billionaires pay for it. Down with the false gods. --- It's obvious all religions are fundamentally true. <cite>pure_temper posted [p:958050776] in House Demo... [t:79661412]...</cite> <quote>https://www.cnbc.com/2021/09/13/house-democrats-propose-extending-expanded-child-tax-credit-to-2025.html This is great news! Finally money going back to the people. Once it's permanent, double it and have billionaires pay for it. Down with the false gods. </quote> ... Copied to Clipboard!
pure_temper 09/14/21 3:26:14 PM #2:	le bump --- It's obvious all religions are fundamentally true. <cite>pure_temper posted [p:958051693] in House Demo... [t:79661412]...</cite> <quote>le bump </quote> ... Copied to Clipboard!
Were_Wyrm 09/14/21 3:28:03 PM #3:	But won't some one think of the childless!!! --- I was a God, Valeria. I found it...beneath me. - Dr. Doom https://imgur.com/0EJvC4l <cite>Were_Wyrm posted [p:958051743] in House Demo... [t:79661412]...</cite> <quote>But won't some one think of the childless!!! </quote> ... Copied to Clipboard!
Gamerguymass 09/14/21 3:30:10 PM #4:	Married couples with children already get enough tax breaks. It's time something is done for those that aren't married or have children. --- Now Playing: "The Hunt for the Two Missing Nintendo 64 Games" An expansion came out, but I'm still a third of the way through! <cite>Gamerguymass posted [p:958051816] in House Demo... [t:79661412]...</cite> <quote>Married couples with children already get enough tax breaks. It's time something is done for those that aren't married or have children. </quote> ... Copied to Clipboard!
pure_temper 09/14/21 3:32:39 PM #5:	Gamerguymass posted... Married couples with children already get enough tax breaks. It's time something is done for those that aren't married or have children. Don't divide the people. There's plenty of money to go around. --- It's obvious all religions are fundamentally true. <cite>pure_temper posted [p:958051900] in House Demo... [t:79661412]...</cite> <quote>Gamerguymass posted... </cite> <quote>Married couples with children already get enough tax breaks. It's time something is done for those that aren't married or have children.</quote> Don't divide the people. There's plenty of money to go around. </quote> ... Copied to Clipboard!
ScazarMeltex 09/14/21 3:35:48 PM #6:	pure_temper posted... Don't divide the people. There's plenty of money to go around. Then give some of it to those of us who don't have kids. Also, you aren't going to make billionaires pay for shit since they own the government. --- "If you wish to converse with me define your terms" Voltaire <cite>ScazarMeltex posted [p:958052017] in House Demo... [t:79661412]...</cite> <quote>pure_temper posted... </cite> <quote>Don't divide the people. There's plenty of money to go around.</quote>Then give some of it to those of us who don't have kids. Also, you aren't going to make billionaires pay for shit since they own the government. </quote> ... Copied to Clipboard!
pure_temper 09/14/21 3:39:27 PM #7:	ScazarMeltex posted... Then give some of it to those of us who don't have kids. Also, you aren't going to make billionaires pay for shit since they own the government. You aren't going to be paying into it with higher taxes unless you're in a high enough tax bracket where you won't even notice the loose change leaving your pockets. You don't lose anything here. In fact, you benefit because more stable households means more reliable productive members of society paying taxes in the future. It causes your portfolio to increase in value and your cities to grow. --- It's obvious all religions are fundamentally true. <cite>pure_temper posted [p:958052125] in House Demo... [t:79661412]...</cite> <quote>ScazarMeltex posted... </cite> <quote>Then give some of it to those of us who don't have kids. Also, you aren't going to make billionaires pay for shit since they own the government.</quote> You aren't going to be paying into it with higher taxes unless you're in a high enough tax bracket where you won't even notice the loose change leaving your pockets. You don't lose anything here. In fact, you benefit because more stable households means more reliable productive members of society paying taxes in the future. It causes your portfolio to increase in value and your cities to grow. </quote> ... Copied to Clipboard!
pure_temper 09/14/21 3:40:11 PM #8:	but yeah, next step is universal income for everyone this is just going to be the pilot for normalizing the concept I expect $15k per adult soon https://moores.samaltman.com/ distributed direct deposit, no questions asked --- It's obvious all religions are fundamentally true. <cite>pure_temper posted [p:958052132] in House Demo... [t:79661412]...</cite> <quote>but yeah, next step is universal income for everyone this is just going to be the pilot for normalizing the concept I expect $15k per adult soon https://moores.samaltman.com/ distributed direct deposit, no questions asked </quote> ... Copied to Clipboard!
Mezcla 09/14/21 3:43:06 PM #9:	nice. could always use a bigger paycheck. im glad the w4 now actually has you list your credits and deductions instead of vague allowances. --- Sig <cite>Mezcla posted [p:958052214] in House Demo... [t:79661412]...</cite> <quote>nice. could always use a bigger paycheck. im glad the w4 now actually has you list your credits and deductions instead of vague allowances. </quote> ... Copied to Clipboard!
PatrickMahomes 09/14/21 3:46:43 PM #10:	Why are we rewarding poor decision making? --- https://imgur.com/cEQy3f4 / https://imgur.com/gWKaLHC <cite>PatrickMahomes posted [p:958052311] in House Demo... [t:79661412]...</cite> <quote>Why are we rewarding poor decision making? </quote> ... Copied to Clipboard!
pure_temper 09/14/21 3:52:37 PM #11:	PatrickMahomes posted... Why are we rewarding poor decision making? It started out in response to the economic decline caused by the shutdowns, and I guess they're making it permanent because they saw the amount of kids that were getting more nutrition and help and etc. It causes stability. The alternative is for the State to regulate who can and can't have kids, and fuck that lol --- It's obvious all religions are fundamentally true. <cite>pure_temper posted [p:958052446] in House Demo... [t:79661412]...</cite> <quote>PatrickMahomes posted... </cite> <quote>Why are we rewarding poor decision making?</quote> It started out in response to the economic decline caused by the shutdowns, and I guess they're making it permanent because they saw the amount of kids that were getting more nutrition and help and etc. It causes stability. The alternative is for the State to regulate who can and can't have kids, and fuck that lol </quote> ... Copied to Clipboard!
Relient_K 09/14/21 3:53:32 PM #12:	See, if this could be guaranteed, my wife and I could consider having a child. But money is the main concern, especially since she would probably end up working less. --- We all ate the biscuits, Fighter. We can all see through time. [ER] <cite>Relient_K posted [p:958052476] in House Demo... [t:79661412]...</cite> <quote>See, if this could be guaranteed, my wife and I could consider having a child. But money is the main concern, especially since she would probably end up working less. </quote> ... Copied to Clipboard!
pure_temper 09/14/21 4:01:15 PM #13:	Relient_K posted... See, if this could be guaranteed, my wife and I could consider having a child. But money is the main concern, especially since she would probably end up working less. If it gets extended to 2025, it'll be a popular enough program that even if a Republican wins in 2024 they'll be remiss to really go after it in earnest. Like how social security is popular with everyone on both aisles. --- It's obvious all religions are fundamentally true. <cite>pure_temper posted [p:958052682] in House Demo... [t:79661412]...</cite> <quote>Relient_K posted... </cite> <quote>See, if this could be guaranteed, my wife and I could consider having a child. But money is the main concern, especially since she would probably end up working less.</quote> If it gets extended to 2025, it'll be a popular enough program that even if a Republican wins in 2024 they'll be remiss to really go after it in earnest. Like how social security is popular with everyone on both aisles. </quote> ... Copied to Clipboard!
Mezcla 09/14/21 5:37:13 PM #14:	i dont understand the payments. its a tax credit so you should adjust your w4 so get less taxes deducted from your paycheck or get it applied when you do your taxes. where are people getting 300 dollars from? are they just giving parents 300 dollars and then come tax season, they won't get it because they already got it? is that it? if i adjust my w4, and still get the checks, will i end up oweing that money back come tax season? --- Sig <cite>Mezcla posted [p:958055775] in House Demo... [t:79661412]...</cite> <quote>i dont understand the payments. its a tax credit so you should adjust your w4 so get less taxes deducted from your paycheck or get it applied when you do your taxes. where are people getting 300 dollars from? are they just giving parents 300 dollars and then come tax season, they won't get it because they already got it? is that it? if i adjust my w4, and still get the checks, will i end up oweing that money back come tax season? </quote> ... Copied to Clipboard!
pure_temper 09/14/21 5:40:15 PM #15:	The money is distributed as a tax credit and is redeemable monthly, in that they send you the check or direct deposit it. So the money is yours. Come tax season, your tax report should show that you had that tax credit, but it won't reduce or affect your taxable income. I do not know if everyone has to get it redeemed monthly, or if that's optional. If optional and some people elect that for some reason, it'll get applied against any tax obligations or given as a refund at tax season. So yeah, anyone who is getting the money now won't get anything extra from it at tax season because they're getting the tax credit now in monthly allotments to help with child expenses. If you adjust your W4 to have less withholding, depending on your specific situation and numbers you may increase your tax obligation because you won't have paid enough in taxes throughout the remainder of the year. It's hard to say what the case will be without knowing more, but I recommend taking everything I said with a grain of salt since I'm not a CPA. Consult one, they'll be able to set you right. But this is how I understand it to work from looking into it on family member's behalf. --- It's obvious all religions are fundamentally true. <cite>pure_temper posted [p:958055875] in House Demo... [t:79661412]...</cite> <quote>The money is distributed as a tax credit and is redeemable monthly, in that they send you the check or direct deposit it. So the money is yours. Come tax season, your tax report should show that you had that tax credit, but it won't reduce or affect your taxable income. I do not know if everyone has to get it redeemed monthly, or if that's optional. If optional and some people elect that for some reason, it'll get applied against any tax obligations or given as a refund at tax season. So yeah, anyone who is getting the money now won't get anything extra from it at tax season because they're getting the tax credit now in monthly allotments to help with child expenses. If you adjust your W4 to have less withholding, depending on your specific situation and numbers you may increase your tax obligation because you won't have paid enough in taxes throughout the remainder of the year. It's hard to say what the case will be without knowing more, but I recommend taking everything I said with a grain of salt since I'm not a CPA. Consult one, they'll be able to set you right. But this is how I understand it to work from looking into it on family member's behalf. </quote> ... Copied to Clipboard!
Mezcla 09/14/21 5:44:27 PM #16:	thanks for explaining. i think i get it. my works w4 paperwork still has the tax credit as 2000 so ill probably try to get the checks and just figure it out come tax season. or i guess just say i have 2 dependants. id only be like 400 off... or something. i dunno --- Sig <cite>Mezcla posted [p:958056012] in House Demo... [t:79661412]...</cite> <quote>thanks for explaining. i think i get it. my works w4 paperwork still has the tax credit as 2000 so ill probably try to get the checks and just figure it out come tax season. or i guess just say i have 2 dependants. id only be like 400 off... or something. i dunno </quote> ... Copied to Clipboard!
Unknown5uspect 09/14/21 5:46:32 PM #17:	Gamerguymass posted... It's time something is done for those that aren't married or have children. ScazarMeltex posted... Then give some of it to those of us who don't have kids. You know what you get? The luxury of not having any fucking kids. --- #EatTheRich <cite>Unknown5uspect posted [p:958056090] in House Demo... [t:79661412]...</cite> <quote>Gamerguymass posted... </cite> <quote>It's time something is done for those that aren't married or have children.</quote> ScazarMeltex posted... </cite> <quote>Then give some of it to those of us who don't have kids.</quote>You know what you get? The luxury of not having any fucking kids. </quote> ... Copied to Clipboard!
pure_temper 09/14/21 5:59:33 PM #18:	Mezcla posted... thanks for explaining. i think i get it. my works w4 paperwork still has the tax credit as 2000 so ill probably try to get the checks and just figure it out come tax season. or i guess just say i have 2 dependants. id only be like 400 off... or something. i dunno My understanding of that is that it will show up as a tax credit ahead of time since technically it already exists as one, it's just being redeemed monthly now to alleviate the lockdown-induced economic hardship. In any case, historically I'd bumped my # of allowances up by 1 more than what the paperwork recommends so I can get as close to $0 refund as possible. Because I want to have more money each month, rather than get a refund. But again, would consult with CPA for your specific situation. Probably would only cost you like $50 to chat with one in your area. --- It's obvious all religions are fundamentally true. <cite>pure_temper posted [p:958056540] in House Demo... [t:79661412]...</cite> <quote>Mezcla posted... </cite> <quote>thanks for explaining. i think i get it. my works w4 paperwork still has the tax credit as 2000 so ill probably try to get the checks and just figure it out come tax season. or i guess just say i have 2 dependants. id only be like 400 off... or something. i dunno</quote> My understanding of that is that it will show up as a tax credit ahead of time since technically it already exists as one, it's just being redeemed monthly now to alleviate the lockdown-induced economic hardship. In any case, historically I'd bumped my # of allowances up by 1 more than what the paperwork recommends so I can get as close to $0 refund as possible. Because I want to have more money each month, rather than get a refund. But again, would consult with CPA for your specific situation. Probably would only cost you like $50 to chat with one in your area. </quote> ... Copied to Clipboard!
monkmith 09/14/21 6:01:25 PM #19:	i know that they need brawnie point votes like this, but can we please see some movement on things that'll actually make a bigger difference for everyone? --- Taarsidath-an halsaam. Quando il gioco e finito, il re e il pedone vanno nella stessa scatola <cite>monkmith posted [p:958056604] in House Demo... [t:79661412]...</cite> <quote>i know that they need brawnie point votes like this, but can we please see some movement on things that'll actually make a bigger difference for everyone? </quote> ... Copied to Clipboard!
pure_temper 09/14/21 6:09:32 PM #20:	monkmith posted... i know that they need brawnie point votes like this, but can we please see some movement on things that'll actually make a bigger difference for everyone? https://www.cnbc.com/2021/08/25/child-tax-credit-lifted-3-million-kids-from-poverty-in-july.html --- It's obvious all religions are fundamentally true. <cite>pure_temper posted [p:958056869] in House Demo... [t:79661412]...</cite> <quote>monkmith posted... </cite> <quote>i know that they need brawnie point votes like this, but can we please see some movement on things that'll actually make a bigger difference for everyone?</quote> https://www.cnbc.com/2021/08/25/child-tax-credit-lifted-3-million-kids-from-poverty-in-july.html </quote> ... Copied to Clipboard!
Delirious_Beard 09/14/21 6:12:23 PM #21:	ScazarMeltex posted... Then give some of it to those of us who don't have kids. Also, you aren't going to make billionaires pay for shit since they own the government. this is like the perfect encapsulation of people who have no financial or political literacy --- https://imgur.com/hLHUnOI You act like I don't know my own way home <cite>Delirious_Beard posted [p:958056969] in House Demo... [t:79661412]...</cite> <quote>ScazarMeltex posted... </cite> <quote>Then give some of it to those of us who don't have kids. Also, you aren't going to make billionaires pay for shit since they own the government.</quote> this is like the perfect encapsulation of people who have no financial or political literacy </quote> ... Copied to Clipboard!
monkmith 09/14/21 6:13:34 PM #22:	pure_temper posted... https://www.cnbc.com/2021/08/25/child-tax-credit-lifted-3-million-kids-from-poverty-in-july.html yes, like i said brownie points. every democrat that votes for this will bring it up in their next campaign commercial. now lets see movement on legislation to try to fix the shithole infrastructure in this country and work to do our fair share to turn climate change around. since both of those things are going to affect far more people. --- Taarsidath-an halsaam. Quando il gioco e finito, il re e il pedone vanno nella stessa scatola <cite>monkmith posted [p:958057013] in House Demo... [t:79661412]...</cite> <quote>pure_temper posted... </cite> <quote>https://www.cnbc.com/2021/08/25/child-tax-credit-lifted-3-million-kids-from-poverty-in-july.html</quote>yes, like i said brownie points. every democrat that votes for this will bring it up in their next campaign commercial. now lets see movement on legislation to try to fix the shithole infrastructure in this country and work to do our fair share to turn climate change around. since both of those things are going to affect far more people. </quote> ... Copied to Clipboard!
CleoDookieslide 09/14/21 6:15:12 PM #23:	Wasn't this board just simping over a tax dress yesterday? Lol <cite>CleoDookieslide posted [p:958057054] in House Demo... [t:79661412]...</cite> <quote>Wasn't this board just simping over a tax dress yesterday? Lol </quote> ... Copied to Clipboard!
Jiek_Fafn 09/14/21 6:18:01 PM #24:	You dont use up your whole tax credit with the $300 payments. It's like half. They did this while simultaneously increasing the total tax credit amount. So they'll still get quite a bit cone tax season even though they collect that $300 a month. It's less than the lump sum they're used to collecting. Like around 70% iirc. --- I don't believe in belts. There should be no ranking system for toughness. <cite>Jiek_Fafn posted [p:958057131] in House Demo... [t:79661412]...</cite> <quote>You dont use up your whole tax credit with the $300 payments. It's like half. They did this while simultaneously increasing the total tax credit amount. So they'll still get quite a bit cone tax season even though they collect that $300 a month. It's less than the lump sum they're used to collecting. Like around 70% iirc. </quote> ... Copied to Clipboard!
Prismsblade 09/14/21 6:22:28 PM #25:	Unknown5uspect posted... You know what you get? The luxury of not having any fucking kids. Why do people think single individuals, especially man have it so easy? They're at the bottom of priority, always and get fuck all for support, money validation or anything for that matter. --- 3DS FC:3368-5403-9633 Name: Kaizer PSN: Blackkaizer <cite>Prismsblade posted [p:958057264] in House Demo... [t:79661412]...</cite> <quote>Unknown5uspect posted... </cite> <quote>You know what you get? The luxury of not having any fucking kids.</quote>Why do people think single individuals, especially man have it so easy? They're at the bottom of priority, always and get fuck all for support, money validation or anything for that matter. </quote> ... Copied to Clipboard!
PoundGarden 09/14/21 6:30:23 PM #26:	Isn't incentivizing having kids the focal plot point of Idiocracy? --- "You go. I'm just going to stare at the lake and think about how I almost just killed a baby." <cite>PoundGarden posted [p:958057514] in House Demo... [t:79661412]...</cite> <quote>Isn't incentivizing having kids the focal plot point of Idiocracy? </quote> ... Copied to Clipboard!
pure_temper 09/14/21 6:47:09 PM #27:	Jiek_Fafn posted... You dont use up your whole tax credit with the $300 payments. It's like half. They did this while simultaneously increasing the total tax credit amount. So they'll still get quite a bit cone tax season even though they collect that $300 a month. It's less than the lump sum they're used to collecting. Like around 70% iirc. nice! TIL that they increased it that way! --- It's obvious all religions are fundamentally true. <cite>pure_temper posted [p:958058048] in House Demo... [t:79661412]...</cite> <quote>Jiek_Fafn posted... </cite> <quote>You dont use up your whole tax credit with the $300 payments. It's like half. They did this while simultaneously increasing the total tax credit amount. So they'll still get quite a bit cone tax season even though they collect that $300 a month. It's less than the lump sum they're used to collecting. Like around 70% iirc.</quote> nice! TIL that they increased it that way! </quote> ... Copied to Clipboard!
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Current Events > House Democrats propose extending expanded child tax credit through 2025 (+) Yeah! (+)

Current Events > House Democrats propose extending expanded child tax credit through 2025