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Author Topic: We got the Money from the state  (Read 1886 times)

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Offline CC27

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We got the Money from the state
« on: August 18, 2023, 06:38:57 AM »
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question everything (45,710 posts)


We got the Money from the state

$520. Now I wonder whether this is taxable.

Will more than cover the high electricity and water cost.

From the Dept. of Revenue


https://www.revenue.state.mn.us/direct-tax-rebate-2021

This payment is not taxable on your Minnesota income tax return and will not be taken to pay any unpaid tax or debts we collect for other agencies.

We've requested guidance from the IRS to determine if the rebate is taxable on your federal return, and will relay their decision when we receive it.

OKay...

https://www.democraticunderground.com/105912876

DUmmie bragging about a welfare payment..  :whatever:
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Online jukin

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Re: We got the Money from the state
« Reply #1 on: August 18, 2023, 08:42:11 AM »
We got the Money from the state = We stole the money from people that pay taxes!!

Parasites.
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When you are the beneficiary of a policy that steals from someone and gives it to you in return for your vote, it produces a sense of entitlement and dependency.

Offline Old n Grumpy

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Re: We got the Money from the state
« Reply #2 on: August 18, 2023, 08:55:38 AM »
Quote from: jukin on August 18, 2023, 08:42:11 AM
We got the Money from the state = We stole the money from people that pay taxes!!

Parasites.

No, they just look at it like it’s their fair share  :thatsright: :argh:
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Offline DefiantSix

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Re: We got the Money from the state
« Reply #3 on: August 18, 2023, 09:24:30 AM »
Quote from: Old n Grumpy on August 18, 2023, 08:55:38 AM
No, they just look at it like it’s their fair share  :thatsright: :argh:

Lurking DUm'Rats: Please define what portion of the fruits of MY labors equates to "YOUR fair share", for future reference.

K Thx Bye. :bigbird:
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Offline SVPete

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Re: We got the Money from the state
« Reply #4 on: August 18, 2023, 09:55:07 AM »
I'm not a CPA, nor do I play one on TV, but if the DU OP is about a state-level income tax refund, I believe it may be taxable at the Federal level.
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Online jukin

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Re: We got the Money from the state
« Reply #5 on: August 18, 2023, 03:27:04 PM »
Quote from: SVPete on August 18, 2023, 09:55:07 AM
I'm not a CPA, nor do I play one on TV, but if the DU OP is about a state-level income tax refund, I believe it may be taxable at the Federal level.

If that is what it is talking about, which I doubt because refunds would have been sent out months ago, yes if the DUchebags itemize on schedule A then the refund is taxable on their next years 1040. If they took the standard deduction no federal tax on the amount.
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When you are the beneficiary of someone’s kindness and generosity, it produces a sense of gratitude and community.

When you are the beneficiary of a policy that steals from someone and gives it to you in return for your vote, it produces a sense of entitlement and dependency.

Offline fatboy

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Re: We got the Money from the state
« Reply #6 on: August 18, 2023, 05:04:18 PM »
Even if this monies were not subject to taxation, I'm surprised to learn that any of the DUmmies would not insist on paying it anyway. I mean tax is good for the soul, isn't it?
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Offline Old n Grumpy

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Re: We got the Money from the state
« Reply #7 on: August 18, 2023, 05:08:23 PM »
I’m surprised mvd hasn’t asked how he can get his money  :lmao: :lmao: :lmao: :lmao:
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Life is tough and it’s even tougher when you’re stupid

Basking in the glow of my white Privilege and toxic masculinity while I water the Begonias with liberal tears!

I will give up my guns when the liberals give up their illegal aliens

We need a Bull Shit tax to make the Democrats go broke!

Offline Ralph Wiggum

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Re: We got the Money from the state
« Reply #8 on: August 18, 2023, 05:11:57 PM »
Quote from: SVPete on August 18, 2023, 09:55:07 AM
I'm not a CPA, nor do I play one on TV, but if the DU OP is about a state-level income tax refund, I believe it may be taxable at the Federal level.

As a CPA, the IRS deems with their typical legal mumbo jumbo that state tax refunds "MAY" be taxable at the federal level. I could provide a link but I'd be willing to bet no one will read it.

Which means it is a total gray area. For a low income DUmmy most likely being a very tiny fish, the IRS normally doesn't care about such issues.

Other than the textbooks which detail theory and history that still retain relevant information, the most expensive textbook and ultimately worthless ones we were required to purchase were ones such as "Intro to Tax Accounting 1991". By the time they were printed, the tax laws had already changed because Congress constantly changes the arcane tax laws.
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