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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: John Chen who wrote (12811)	8/21/2003 10:15:39 AM
From: GraceZ	Read Replies (2) \| Respond to of 306849

Don't guess, look at the tables: taxfoundation.org Then maybe be nice to your local billionaire because they're footing a large part of your tab. Then go and check out the figures for the earned income credit that the IRS gives for low income filers. 40 million low income filers paid zero income tax in 2002 because of it. A single head of household with two kids could effectively wipe out all social security payments and get a refund which is like additional income simply because it exceeds the social security withholding by a large percentage. It's free money John, get in line. A majority of the top half are married couples filing jointly (they're rich because both work) whereas the bottom half are dominated by single, head of household with children.