[onewhippedpuppy]

Originally Posted by kaisen

Then Matt's idea of promoting spending via tax cuts is irrelevant to anyone earning minimum wage or anywhere close to it -- they don't pay tax anyway. Am I interpreting this right?

So even at $11/hr minimum wage we wouldn't be collecting more taxes, just cutting business profits so we'd collect LESS taxes at the same tax rates?

I wasn't suggesting it to specifically benefit those who are on welfare or minimum wage. I was suggesting it to benefit everyone. I give to charity of my own free will, I don't appreciate the government doing it for me.

I'm not the accountant in my family, but I believe Rick's comment was based upon your tax credits and refund that you receive at the end of the year, and the potential to actually receive more in refund than you paid in. I don't know of any circumstance in which you don't have to pay in to state and federal taxes on each paycheck, you could just potentially get it all back (or more) at the end of each year. I can't speak to this specifically, because I'm more than happy to let my accountant wife take care of this stuff for me.