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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: Dave who wrote (71037)2/23/2001 3:52:22 PM
From: Les H   of 436258
 
Most of those people are refunded FICA taxes in the EITC. The total cost of the EITC over the next 10-year period is around $ 500 B. If you also add in the common exemptions in the tax code for the elderly and military, in some states as high as $ 15,000 of income, the cost is much higher. Some states also have EITCs on top of that so the people who are getting refunds haven't paid into the tax system to support schools, roads, etc that they use. Especially with some locales such as LA Co. paying $ 12,000 per pupil in schools, there are plenty of people getting a free ride and then some. The fairest tax is a sales tax to fund the housing shortages, school overcrowding, pollution, and overpopulation problems.
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