Comparative Federal Tax Contribution by State

[Schneed10]

Originally Posted by firstdown

So the people who sit back and do nothing get my/our money to spend as they want while we support them even more. You say we will get a tax credit but I have not read anything explaining who will receive this tax credit.

Like I said, whether you think that's fair or not isn't the issue. The fact remains, the poor people will spend the money right away, helping companies increase earnings, thereby creating more jobs.

As for the tax breaks, each worker will get a $400 credit, each adult non-worker will get a $250 credit, and there is relief from the dreaded Alternative Minimum Tax. Among other things. Here:

Stimulus measures that may help your wallet - Feb. 13, 2009

Making Work Pay Credit: The bill provides a $400 credit per worker and a $800 credit per dual-earner couple. The full credit would be paid to people making $75,000 or less ($150,000 per dual-earner couple). A partial credit would be paid to those making above those amounts but no more than $100,000 ($200,000 for couples).
The credit would also be refundable, which means that even very low-income families who don't make enough to owe income tax would be able to claim it.
For most working individuals, the credit will be paid over time at roughly $15 per period, assuming 26 pay periods in a year. Estimated cost: $116 billion.

One-time payments to those who don't work: For retirees, disabled individuals and others who don't work, the bill provides a one-time $250 payment. Estimated cost: $14.2 billion.

Break for higher income families: The bill includes a one-year provision to protect middle- and upper-middle-income families from having to pay the Alternative Minimum Tax. The AMT was intended primarily for high-income taxpayers but has in recent years threatened to engulf those lower down the income scale. Estimated cost: $70 billion.