I'm so sorry you make so much.
You are right, our tax system is a mess, and it's hollow promises like the hybrid tax credit which make it so much of one.
Our entire tax system needs a revamping that eliminate all of this crap completely. You can call it a handout if you want to, but the IRS calls it a credit.
From Dictionary.com: Credit:
10. a sum of money due to a person; anything valuable standing on the credit side of an account: He has an outstanding credit of $50.
13. any deposit or sum of money against which a person may draw.
Aren't I just a silly fool for not being a tax expert and thinking a dictionary definition would provide a good clue as to what 'credit' means. I guess I missed the part where the IRS tacked on 'unless we screw you out of it'.
I don't know what means you think people of lower income have, but when you talk of researching a tax issue, consider that most people do not have the luxury of consulting a CPA for every little thing, nor to spend countless hours trying to find it themselves. That fact is that the IRS did not make this information readily available anywhere on it's website. I looked extensively before we purchased with no luck. Why don't
you try to find it if it's so easy? The IRS hadn't even settled on the layout of the tax credit form untill the beginning of the year.
It's a joke of a system and a scam by omission. Whether you feel slighted at my pocketing extra money or not however does not concern me in the slightest. As I indicated, we pay plenty of taxes indirectly through many other means including donations of time and energy to charities and schools who are getting shafted by the great "No child left behind" B.S.
If you want to talk about contributions to society, we could go there, but that's not what this thread is about. So get off your pretentious high horse of being forced to 'hand out' to the underpriveledged and try to stay on topic. Maybe try to put this issue to rest by finding the actual tax code and publication date which clarifies the issue instead of ridiculing people for what you think they should have known.