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      02-02-2012, 10:57 PM   #25
Sixties Drag Racer
mspeasl's Avatar

Drives: 2011 Cashmere Silver 528i
Join Date: Sep 2010
Location: Decatur, IL - USA

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Unhappy border line

Originally Posted by ideliver View Post
Not only do they pay no income tax, all of their social security tax and Medicare tax get refunded via the "earned income credit"

Also, the EIC is "refundable" meaning that you fan get out more than you pay in.

So, if you had $1000 in federal tax withheld and another $1500 in FICA, you can still get the full EIC back ($5000 average... Google for the various amounts)

So, many get a check from the government of the real tax payers $$$
Easy now... You're getting border line. I would hate to see the rath coming your way if you are perceived to have crossed over.
Mspeasl - Central Illinois - USA :
My Garage: 2011 - Cashmere Silver Metallic BMW, 528i (Delivered 17 January 2011)
2008 - Radiant Red Toyota, M6 'X-Runner' (Delivered 15 November 2007)
1957 - Chevrolet Bel Air 2dr Coupe' Drag Car (2nd Owner since 1964)
1947 - Chevrolet Sport Master Coupe' Street Rod (2nd Owner since 1974)