Amazon workers on Staten Island vote to unionize

Re:Amazon workers on Staten Island vote to unionize by Retric on Saturday April 02, 2022 @07:20AM (#30887354)

That’s at best a semantic argument as refundable tax breaks can result in a net payment by the government. As in you can revive 1,400$ having never paid any money to the government.

A more common example is to pay nothing and also get a rebait to avoid paying taxes in the future.

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Re:Amazon workers on Staten Island vote to unionize by WalterBright on Saturday April 02, 2022 @02:50PM (#30890681)

I see. You think that the money you make belongs to the government, and they just allow you to keep a bit of it.

The $1400 stimulus payment was not a tax break nor was it income.

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Re:Amazon workers on Staten Island vote to unionize by Retric on Saturday April 02, 2022 @04:14PM (#30891315)

Not that 1,400$. 1,400$ of the 2,000$ child tax credit is refundable and that’s not a stimulus the GOP made part of the child tax credit refundable back in 2018.

Some nonrefundable tax tax credits cap at zero or the AMT for that year.

Other nonrefundable tax tax credits can get rolled over into future years, so people with actual incomes can still pay zero in some years. Aka they go to zero and roll over savings to next year.

However refundable credits mean an actual check even in years you paid zero taxes: American opportunity tax credit, Earned income tax credit, Child tax credit, Premium tax credit. Aka they go to zero then send you a check.

It not that common for people to get a check for the full amount, but it does happen.

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Re:Amazon workers on Staten Island vote to unionize by stevenally on Sunday April 03, 2022 @06:21PM (#30901313)

The money actually does belong to the government. They print it. Distribute it. And then they take it back.

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