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If you could fix one political problem right now, what would it be?
#5
LWC Wrote:As far as I know, nobody gets a Medicare refund.

Your post indicates that you have no knowledge of income taxation or how the EIC works.

Workers, actual workers, have 7.65% (6.2% Soc. Sec. and 1.45% for Medicare) withheld from their wages. When income tax returns are prepared and filed, those who earned low to semi-low wages usually qualify for the EIC. The EIC is actually a welfare payment because the recipient usually receives everything (if any) withheld in federal income taxes, all the 7.65% payroll taxes withheld, and more (often much more). Obviously, it isn't called a Soc. Sec. refund or a Medicare refund but the end result is that it all comes back plus, most often, a hardy bonus.

Do a little homework and you'll find that I am correct.
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If you could fix one political problem right now, what would it be? - by Truth - 08-09-2011, 08:41 PM

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