Quote:
Originally posted by Kadath
Also, you only "made" money on your taxes if you got more money back in refund than you paid in originally -- not very likely.
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Actually I did. Because I don't have any taxes taken out of my checks I am 1099 at the end of the year. Say it adds up to 30,000. I deduct my expenses which where around 20,000 and then I am taxed on the 10,000 about 1000. I pay the self employment tax which may come out to about 1000.00. Then I have earned income credits that cover the taxes of 2,000 I paid and I end up wit about 2000 in cash when everything said and done. I paid nothing all year and I got 2K at the end. The middle class does not need a tax break.
But in all honesty if the government wants to get more money they have to tax the middle class more. the rich are smart enough to do what it takes to get out of paying taxes. The middle class don't have the means or the brains to. I don't think its right, its just fact.