Welcome • User Guide
ToS • Privacy • Canary
Donate • Bugs • License

©2026 Poal.co

375

I've been receiving the whatever stipend from the government that is supposedly just an advance on your child tax credit for next year. I've been taking the money every month and setting it aside because I don't need it, didn't want it, and I expect I will be fucked next year on my taxes so I wanted to make sure I have money if it comes to that. How many people are thinking they're getting some free government money and when they file their taxes they're going to get back a lot less than they normally do. I know plenty of people that rely on a few grand tax return every year to make purchases or pay down debt. There's going to be some pissed off people next year because they weren't paying attention and they have the realization they already spent their tax return.

I've been receiving the whatever stipend from the government that is supposedly just an advance on your child tax credit for next year. I've been taking the money every month and setting it aside because I don't need it, didn't want it, and I expect I will be fucked next year on my taxes so I wanted to make sure I have money if it comes to that. How many people are thinking they're getting some free government money and when they file their taxes they're going to get back a lot less than they normally do. I know plenty of people that rely on a few grand tax return every year to make purchases or pay down debt. There's going to be some pissed off people next year because they weren't paying attention and they have the realization they already spent their tax return.

(post is archived)

[–] • 10 pts

There won't be that many people next tax season.

[–] • 1 pt

How so?

[–] • 4 pts

Everyone will die of AIDS

[–] • 3 pts

Kind of makes Matt and Trey (South Park guys) prophets since they did the "Everyone Has AIDS" song in Team America.

[–] • 4 pts

This is kind of like that house buying credit from a decade ago. There were two of those, one was a simple rebate, no strings, the other required you to pay it back.

I know a few who got caught in the latter and went "Wha?"

[–] • 2 pts

Yeah, just like that time the banks and 'too big to fail' corporations got bailed out and then found out they had to repay it and begrudgingly gave up their soaring profits to pay back the taxpayers. Oh wait, that didn't actually go that way at all. They got to keep the money without repayment and we all got screwed again. We are always expected, er, demanded to pay back but (((corporations))) and (((banks))) get a free ride and free money for their executive bonuses. We need a lot of rope.

[–] • 1 pt

Or how the IRS banned you gifting an item to your neighbor or indirect family member. But if a company buys shit and transfers it from GoldBerg and Associates to Steinbergs and Associates, that's fine

[–] • 4 pts

Even better: Trump's tax cuts expire. At the time I was very pissed about that, but that may have been a genius move on his part.

[–] • 3 pts

Yep I’ve done and thought the same

[–] • 2 pts

The poor will be surprised they didn't get their windfall of free money for doing nothing, but it's the middle class, the only group in the country who pays taxes, that will get a big surprise if they typically come out even or oweing a little. They will get a bill for thousands of dollars. Poor folks don't understand how much fucking money they tax the middle class.

[–] • 1 pt

Correction here: the upper class pay the absolute majority of taxes.

[–] • 0 pt

Yes but those are high wage earners and the sub elite. The true .001% pay nothing. The Panama and Pandora papers showed they are hiding tons of money in secret bank accounts and showed that Bezos and others pay 0% on most years. Zuckerface cashed out 10 Billion in FB stock and paid 0% because he is connected to the "special economic improvement zones" which are the places that got burned down by antifags.

[–] [deleted] • 2 pts

You are right.

Pissed or no, people won't do shit about it.

[–] • 2 pts

I know plenty of people that rely on a few grand tax return every year to make purchases or pay down debt.

So depressing.

[–] • 2 pts

Also cites haven’t been taking in as much money in taxes due to less business. They’ll pass that onto you in sales, income and property taxes.

[–] • 2 pts

They already are where I’m at. My property taxes went up well over 30% this year. The entire county did that and most counties in this area if not the entire state.

[–] • 1 pt

I'm excited to see how upset all these welfare hood rats are around my town, when they don't get 12k for being breeders!

[–] • 1 pt (edited )

They will still get a sizable tax return. This is only half of an additional credit.

The only way you'd get really screwed is if you accepted the payments and then file 70k+ of earnings. Then you won't qualify for the tax credit and will have to pay it back.

At least that is my understanding.

And a little soap box, if you rely on tax 'refunds' as part of your financial plan. You need a new plan. Your goal should be to have a tax return of zero. Put your money to work when you get it. Don't give the government an interest free loan. Of course for most low income earners this isn't an actual 'refund' it is welfare via the tax code.

[–] • 0 pt

"The IRS will pay half the total credit amount in advance monthly payments. You will claim the other half when you file your 2021 income tax return." from this: https://www.irs.gov/credits-deductions/advance-child-tax-credit-eligibility-assistant

We'll still get something. You're right though. The people who budgeted like they were gonna get the full return are screwed.

Load more (4 replies)