Heinz Blasnik- Views You Can Use Message Board

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Strategies & Market Trends : Heinz Blasnik- Views You Can Use

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To: GraceZ who wrote (1776)	5/27/2003 5:58:27 AM
From: EL KABONG!!!	Read Replies (1) of 4912

Hi Grace, How do you give someone a tax break if they pay nothing in the first place? Oh, that's an easy one... <g> You give them tax credits!!! Tax credits can be granted in a manner where qualified recipients actually can (and currently do) receive more money back from the IRS than was withheld from their earnings, including some people that had no withholdings whatsoever!!! It's the modern version of the Great American Stealthy Wealth Transfer. (See the earned income tax credit as just one example of this under-reported and little understood tax game as created by our federal leadership...) KJC

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