Quote:
Originally Posted by Sly
If you make below poverty, the government gives you money as an incentive to work your way out of poverty and then have that bonus money taken away? Explain how that works.
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i didn't say it worked , i just explained the reasoning behind it
Quote:
Originally Posted by Sly
Joe Blow is below poverty. Works 40 hours a week, minimum wage, three children. Government gives them $200 a month for food or electricity or whatever. Joe Blow picks up a side job working 10 hours a week which brings in around $100, maybe $75 after taxes totaling $300 a month. Now he is working another 40 hours a month to make 100 extra dollars. Assuming this is all "on the books." I'm not seeing any incentive?
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not sure i follow your example or the question.
i was referring to one time tax credits.
heres an example of how giving a one time cash incentive can help boost someone out of poverty in theory.
Single mom , works at mcdonalds , give her $1000 on her taxes, lets say she spends it to buy bulk food instead of by the week saving $250 over 3 months $1000 over the year , now she can buy a car saving her time getting to work , allowing her to put in an extra hour a day at work , whatever , blam now she is above the poverty line and less likely to sell smack on the corner so her kid can have the new xbox game. Now rich people don't have to drive by smack selling single mothers on their way to golf.