Comments on: Earned Income Tax Credit: Do I Qualify? http://www.stopbuyingcrap.com/personal-finance/earned-income-tax-credit-do-i-qualify/ Over Five Years of Personal Finance, Consumer Spending, Crazy Products and Boring Blog Posts. Good grief. Sat, 11 Feb 2012 21:36:21 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Cap http://www.stopbuyingcrap.com/personal-finance/earned-income-tax-credit-do-i-qualify/comment-page-1/#comment-148592 Cap Wed, 14 Apr 2010 07:09:43 +0000 http://www.stopbuyingcrap.com/?p=3320#comment-148592 Anthony: Yeah, the surprising thing to a lot of people is that a good portion of the US population generally end up paying little to no taxes come tax day (I think the number was like 47%). They either make too little, or have enough deduction, credits, exemptions that they pay no income tax. Anthony: Yeah, the surprising thing to a lot of people is that a good portion of the US population generally end up paying little to no taxes come tax day (I think the number was like 47%). They either make too little, or have enough deduction, credits, exemptions that they pay no income tax.

]]> By: Andy http://www.stopbuyingcrap.com/personal-finance/earned-income-tax-credit-do-i-qualify/comment-page-1/#comment-148584 Andy Wed, 14 Apr 2010 01:12:21 +0000 http://www.stopbuyingcrap.com/?p=3320#comment-148584 It's sad but not surpsing that many more people are qualifying for this credit. Also, most people don't realize this credit exists so is a timely post. It’s sad but not surpsing that many more people are qualifying for this credit. Also, most people don’t realize this credit exists so is a timely post.

]]> By: Anthony http://www.stopbuyingcrap.com/personal-finance/earned-income-tax-credit-do-i-qualify/comment-page-1/#comment-148572 Anthony Tue, 13 Apr 2010 12:42:20 +0000 http://www.stopbuyingcrap.com/?p=3320#comment-148572 (I never bothered looking at the numbers because I know I don't qualify.) You can get $5k+ back in tax credits!!! Amazing! Looking at the $48+ married, filing jointly, your tax obligation is $6406. You get $5657 back. You're only paying $749 in taxes. The effective tax rate is about 1.6% in this case. ... Granted, you would have 3 kids and a combined income of $48k. I'll admit that I couldn't survive in that situation, but there are many others more frugal than I. (I never bothered looking at the numbers because I know I don’t qualify.)

You can get $5k+ back in tax credits!!! Amazing! Looking at the $48+ married, filing jointly, your tax obligation is $6406. You get $5657 back. You’re only paying $749 in taxes. The effective tax rate is about 1.6% in this case.

… Granted, you would have 3 kids and a combined income of $48k. I’ll admit that I couldn’t survive in that situation, but there are many others more frugal than I.

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