Could probably lighten up a bit. The topic of conversation was paying taxes. You divulged that your daughter was likely engaging in tax evasion and then when called on it, you referred to that as a shot on your daughter. If it is, you invited it. FTR I don't care if the baby sitter claims income or not. The truth is that people on gigging income should be allowed much more than $600 before claiming. Big gov is getting plenty. Those making bits here and there shouldn't have to give it back some the rich folks can have golden toilet handles.
Any “refunds” should be used to directly pay down the national debit. Refunds directly to taxpayers will just increase the inflation rate that has been moving back up for months.
Meh it was a pretty backhanded comment about Tilly’s daughter. Tilly is right there are loads of people working under the table who pay little or no income taxes, and I’m not talking about teens with side jobs like baby sitting, owing grass etc. Most servers, bar backs, bartenders fit into this group. If I’m not mistaken unless you make $599 of 1099 income you don’t need to report it.
History tells me what the poster meant. And read the whole sequence. Multiple posters called him out for claiming "all workers pay directly".
The total is $14,600 (before you have to pay). Regardless this comment... "Everyone who works should pay taxes to the federal government but some, like your daughter, evade their taxes and don't report their income." ...singles her out as some exception. (" Some"). He later backtracks and says everyone does It (even his own daughter) after pressed on the comment.
Back on topic, This is correct. She works PT so its probably close, but yes, the$100 would technically be on top of the regular wage.
$13,850 is the standard deduction for a single filer. $14,600 is the threshold for paying income tax: The minimum income amount depends on your filing status and age. In 2024, for example, the minimum for Single filing status if under age 65 is $14,600 . If your income is below that threshold, you generally do not need to file a federal tax return. https://www.hrblock.com/tax-center/income/other-income/how-much-do-you-have-to-make-to-file-taxes/#:~:text=The minimum income amount depends,file a federal tax return.
No one disagrees with that. It was your Instance that everyone that works "directly" pays income tax that people disagreed with. We all understand sales tax/property tax etc
No, the standard deduction and the minimum income threshold for filing a return are the same every year -- $14,600 for 2024. And you still pay payroll taxes.
I said that everyone who works pays taxes directly. And your big gotcha was that I was wrong because some people (like your daughter, whom you brought into the conversation) work and don't pay taxes, and I agreed with you. And you call that insistence? Stop being dishonest.
People can in some very limited cases opt out of payroll taxes, and all the people being paid under the table are able to skirt by (direct) tax free if they choose to. Many do not "directly" pay taxes on income. Apologies for the standard deduction rate. I was recalling 2024 and was not using the current number. I did have the number incorrect. And i would call post #41 insistence.
Me agreeing with you when you pointed out that not everyone who works pays taxes is not what I would call insistence.
I said "was your insistence" and "disagreed", both in the past tense. I understand that you changed that, but even with multiple people calling it out you insisted... Until you didnt. All good, i guess we are at the same place now so on we go with life
From what I can tell, Fishback is proposing that the "dividend" be paid to about 60% of households. I assume that families which benefit from the Earned Income Tax Credit or Child Tax Credit would not be eligible if they do not have net federal income tax liability - even if they directly and indirectly pay other federal taxes? If a given household's net federal income tax liability is less than the $5K, would they still get the full $5K as the "refund" or would the amount be tied to the amount of the liability? I also wonder if this would be means-tested at any level.
