Just the Facts, Ma'am: A Compendium of Liberal Fiction Message Board

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Politics : Just the Facts, Ma'am: A Compendium of Liberal Fiction

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To: sea_biscuit who wrote (25711)	1/10/2005 1:38:15 PM
From: Rainy_Day_Woman	Read Replies (1) of 90947

they make 40k, 20k each time to get a better job, more skills/training/education child care tax credit <6000k> for 2 higher education tax credit <4000k> standard deduction amount 2003 for married couples filing jointly <9,500k> kiddies 3 x 750 <2250k> that's standard exemptions and deductions of <21,750> if they have a mortgage their interest and RE tax is also deductible they end up in the 10 or 15 % tax bracket on AGI at 18k @ 15% that's $2700 tax or at 14k @ 10% it's $1400 tax [with a house mortgage] that's a huge tax break to enable them to have their family, their home and still have the opportunity to further their ability/skills/education to earn more income

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