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Politics : John McCain for President

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To: chalu2 who wrote (521)2/22/2000 12:41:00 PM
From: Peter O'Brien  Read Replies (2) of 6579
 
>You'd have to point me to a $1000 extra tax per child

The *loss* of a credit of $1000 per child is *precisely*
equivalent to an "extra tax" of $1000 per child.

Every family below the phase-out income receives
a full $1000 credit per child.

Every family going through the narrow $10,000 phase-out
range of income loses the entire $1000 credit per child.

Bottom line: "loss of credit" = "extra tax"
What is so hard to understand about this???
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