True Federalist (진정한 연방 주의자)
Ernest
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Atlas Legend
Posts: 42,144
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« on: July 27, 2021, 08:42:55 PM » |
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The increase in the CTC would likely be a popular policy, but the direct early payments are both convoluted and for most people unnecessary. It was already the case that tax withholding tables for earned income took into account the CTC and it's a lot simpler to change your W-4 with your employer if your situation changes than the convoluted mess that is the IRS website with its cumbersome and problematic verification procedures.
I'd been counting on using the CTC to cover my wife's self-employment taxes rather than having to make estimated tax payments.
The only people these direct payments of the CTC help are those near the bottom of the income ladder and the cybercrooks who will be taking advantage of this scheme to scam the government, likely at the expense of people who actually would be eligible for the CTC.
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