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HIncand3nza t1_j31nheh wrote

Reply to comment by Way2L8AND1 in $450 checks to help Mainers with heating costs expected to be sent starting in mid-January by wheresmycaketester

Okay so let’s assume your state income tax rate is 7% of your gross income.

If you make $30,000 you would pay $2100 in taxes. If you receive $450 back, you just received 21% of your taxes back. To do the calculation:

0.07 x 30000 = 2100

450/2100=0.21

0.21x100= 21

Now your homework assignment is to repeat that for 100,000

Also your point about people of different incomes not being equally in need of $450 is irrelevant. The state is returning money that both people paid in. It feels nice to say “you make 100k you don’t need $450!”. But consider the other side, “ I make 100k, I paid more taxes than you, so I deserve a larger payout” and suddenly the equal $450 seems very fair

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Diz_McSquirrelz t1_j31yu7w wrote

>Now your homework assignment is to repeat that for 100,000

Savage

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Way2L8AND1 t1_j31o8pw wrote

Ok so now you have completely changed the math equation, and still make no good point.

So... You are saying... Based on this math, That someone making $100,000 a year DOES in fact need $450 in government assistance ? Agreed to disagree. The cap is too high and wasted money. And someone that makes $100,000 and paid in $7000 (your math) does not need a kickback.

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HIncand3nza t1_j31ogv2 wrote

It isn’t government assistance though is it. It is funded by a budget surplus, thus it is basically a tax return

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[deleted] t1_j33iju4 wrote

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Way2L8AND1 t1_j33q86b wrote

Ohhh. So 5% and 7% are the same....

Thanks for clearing that up. So someone making 6 figures ARE in need like someone making 20k.

Are you both using Trump's calculator ?

Hell maybe the cap should be people making under $2.5m ? That $450 may be the saving grace for them.

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[deleted] t1_j33reqi wrote

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Way2L8AND1 t1_j33yi61 wrote

Tell me you still live with your Mom without telling me....... 🙄 Never had a real job right ? Never made over $20k a year. You think the solution to the highest inflation in 40 years is to hand out $$ to couples that make a million dollars every 5 years.

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[deleted] t1_j33z8vm wrote

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Way2L8AND1 t1_j33zlbb wrote

Thank your Mom for paying the bills and sit down. Let her know that thanks to morons like you this inflation will be here to stay.

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