I explained certain terms and you are taking those out of context to try and claim I meant something you don't like. It's obvious you're just looking for an argument. So I'll leave you with this.No, I understood your point just fine. You claimed that the tax credit creates the deficit. But it's spending that creates the deficit.
It is not incumbent upon the taxpayer to make up for the failures of govt. Keeping more of your own money cannot CREATE a burden upon others.
For that to be true, govt must be considered to have a prior claim on all property (income in this case). In this sense, anything govt allows you to keep may be considered a "payment," and create the deficit.
You also argued that the tax credit is a "reduction of the taxes they should be paying."
This puts the tax credit, by your argument, outside of the taxpayer's "calculated share."
My point is that almost all refunds...the "excess paid in"...arises from arbitrary reductions in the tax demanded. Otherwise we'd just pay tax on gross income.
You are arbitrarily defining the credit as being "more than a return of excess paid in." But the standard deduction, or itemized deductions, are not fundamentally different, and are a "reduction of the taxes they should be paying."
There's no reason the phev credit shouldn't be considered a part of the calculated share, just as with the child tax credit (just as arbitrary).
If anything, it's a stronger argument to eliminate all deductions and credits as long as a deficit exists.
For 2020, the IRS collected about $3.4 trillion in taxes. There was a deficit of $3.1 trillion. And yet more than $736 billion in refunds were issued. That's not insignificant.
Those refunds have exactly the same effect on future taxpayers as the phev tax credit. But you only indict the latter.
Hopefully I don't have to bring it out of retirement!Love the Gojira mask!!!
Dude that must have been intense in such a small venue!!! Had tickets to see them in Seattle in Sept.... that concert had to be reschedule to next April. Sucks but at least I get to see them in 9 months.Hopefully I don't have to bring it out of retirement!
Back in 2019, I saw them play at an indoor venue- The Orange Peel in Asheville, NC- with a standing capacity of 1,050. It was wild, man.
You spelt "centuries" wrong.The government's money comes from the taxpayers. The Electric Vehicle purchaser gets a reduction of the taxes they should be paying in. This loss has to be made up by the other taxpayers. The government is using taxpayer money to prop up an industry that would likely fail otherwise. Our country is in serious trouble because the government spends more money than it takes in, and has been doing so for decades. That shortfall is made up with loans that they currently have no way to repay.
Mild attempt to talk about EV + and -. Similar to the video, my spouse and I like to hike and we are older. If I could tell the vehicle to meet me at a different trail contact point it would provide an interesting option. I think on the video timeline this was 2030 beyond so maybe a mute point for me! My daughter said she was amazed at how they do not age at all so I am really hoping that is a side benefit of the EV Wrangler.Why would “Jeep enthusiast” want autonomous off road driving?
You talked around certain terms to avoid the obvious implication. I didn't take anything out of context.I explained certain terms and you are taking those out of context to try and claim I meant something you don't like.
Spending more than you earn /= earning less than you spend.Tax credits do contribute to the deficit.
Irrelevant as to the nature of the credit.It has morphed into a system that provides arbitrary charges, credits, and refunds to support social agendas and multiple government programs.
We the people, in order to for a more perfect union....
government is us.