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Old 09-27-2011, 02:02 PM   #11
classicman
barely disguised asshole, keeper of all that is holy.
 
Join Date: Nov 2007
Posts: 23,401
just to bitch a bit (taking the heat off Clod )




I wish it were that simple. In some cases it is... in many it is not.

What happens when the standard deductions and child credits and EIC and a host of other deductions are added, especially to that person at the bottom? They actually get money back. In some/many/most (???) it is more than they put in. I know this from personal experience. Effective tax rate??? Its a negative - They actually make money.
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Last edited by classicman; 09-27-2011 at 02:27 PM.
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