Liberal Forum

Minnesota Child Tax Credit in 2024...Minnesota passed legislation last year that enacted a new state child tax credit worth up to $1,750 per qualifying child. Eligible Minnesotians can claim the new credit when they file their 2023 state tax returns (for returns being filed now). The credit is fully refundable, meaning even taxpayers who don’t owe any tax or even file could receive the full amount of the credit as a tax refund.

https://www.kiplinger.com/taxes/minneso ... tax-credit

even those w/o a SS# (illegals) qualify...WTF?
what part of "child tax credit" don't these libtardos understand?  

ROG62 » 07 Feb 2024, 4:21 pm » wrote: ↑

07 Feb 2024, 4:21 pm

Minnesota Child Tax Credit in 2024...Minnesota passed legislation last year that enacted a new state child tax credit worth up to $1,750 per qualifying child. Eligible Minnesotians can claim the new credit when they file their 2023 state tax returns (for returns being filed now). The credit is fully refundable, meaning even taxpayers who don’t owe any tax or even file could receive the full amount of the credit as a tax refund.

https://www.kiplinger.com/taxes/minneso ... tax-credit

even those w/o a SS# (illegals) qualify...WTF?
what part of "child tax credit" don't these libtardos understand?

They have to spend that surplus somewhere. It's prorated by income of course. After looking at Minnesota tax rates, those on the bottom could use some help I imagine. 
 

Let's do everything we can to make a worthless dependant even more useless.

Democrats are evil scum.

Fuelman » 07 Feb 2024, 5:08 pm » wrote: ↑

07 Feb 2024, 5:08 pm

They have to spend that surplus somewhere. It's prorated by income of course. After looking at Minnesota tax rates, those on the bottom could use some help I imagine.

And I'm all for that...but to be a "child tax credit", it means it comes off your tax liabilities and you only have tax liabilities if you're working enough to pay taxes....and even then it only covers what you've paid in, otherwise it's a vote buy...


 
 

Fuelman » 07 Feb 2024, 5:08 pm » wrote: ↑

07 Feb 2024, 5:08 pm

They have to spend that surplus somewhere. It's prorated by income of course. After looking at Minnesota tax rates, those on the bottom could use some help I imagine.

Here's the other thing, they've all but pissed that $18bn surplus goodbye...the budget for '24-'25 shows a $2bn surplus and the '26-'27 budget shows a $2bn deficit...the "free lunch for all students" implemented in fall of '23 is costing way more than "guesstimated" initiating the deficit...  
 

ROG62 » 07 Feb 2024, 11:51 pm » wrote: ↑

07 Feb 2024, 11:51 pm

And I'm all for that...but to be a "child tax credit", it means it comes off your tax liabilities and you only have tax liabilities if you're working enough to pay taxes....and even then it only covers what you've paid in, otherwise it's a vote buy...

I'm sure there are some large corporations in Minnesota that didn't pay any taxes on large profits and got a pass on property taxes also. 

It is annoying that these programs always seem to put money in someone else's pocket. Some people with no income will actually file to get this money but most won't. This slice of low income households are just not on top of things and probably couldn't explain a child tax credit if their life depended on it.

I've changed my perspective a bit, if you can get something out of government, TAKE IT!
 

ROG62 » 07 Feb 2024, 11:57 pm » wrote: ↑

07 Feb 2024, 11:57 pm

Here's the other thing, they've all but pissed that $18bn surplus goodbye...the budget for '24-'25 shows a $2bn surplus and the '26-'27 budget shows a $2bn deficit...the "free lunch for all students" implemented in fall of '23 is costing way more than "guesstimated" initiating the deficit...

When looking up those tax rates for Minnesota, I came across that "Minnesota Miracle of 1971". Those higher tax rates worked for awhile but it never fails the powers that be spend more than comes in on **** projections.

Minnesota ranks pretty high in a lot of areas compared to other states, except for business. 

https://m.startribune.com/fifty-years-l ... 600011279/

Fuelman » 08 Feb 2024, 9:21 am » wrote: ↑

08 Feb 2024, 9:21 am

When looking up those tax rates for Minnesota, I came across that "Minnesota Miracle of 1971". Those higher tax rates worked for awhile but it never fails the powers that be spend more than comes in on **** projections.

Minnesota ranks pretty high in a lot of areas compared to other states, except for business. 

https://m.startribune.com/fifty-years-l ... 600011279/

It's was the deciding factor that made me switch from the DFL...when the dems got in power, they couldn't wait to spend every last dime of any surplus...

they still tax SSI here as it was brought up last year with $18bn banked... I believe they partially reduced it...
they were all for the excess bank vote for us rebates, which came out to a whopping $259? the idiots dicked around on it so long, they missed the federal covid no tax deadline and now recipients will pay federal taxes on it...feckless morons...
 

Fuelman » 08 Feb 2024, 8:58 am » wrote: ↑

08 Feb 2024, 8:58 am

I'm sure there are some large corporations in Minnesota that didn't pay any taxes on large profits and got a pass on property taxes also. 

It is annoying that these programs always seem to put money in someone else's pocket. Some people with no income will actually file to get this money but most won't. This slice of low income households are just not on top of things and probably couldn't explain a child tax credit if their life depended on it.

I've changed my perspective a bit, if you can get something out of government, TAKE IT!

MN has a reputation for not being corporate friendly, but they all play the game...

 I agree which is why they inundated the local news with it...

AFAIC, I thought the "covid relief" checks should have had oversight and distributed to those in hardship. We didn't need it, so it could have saved the country a lot of money that we don't have and us now with inflation...

 I collect SSI and it's benefits because I earned it by paying in for 40+ years...