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Politics : Don't Blame Me, I Voted For Kerry -- Ignore unavailable to you. Want to Upgrade?


To: American Spirit who wrote (5500)3/7/2004 3:09:16 PM
From: Karen LawrenceRespond to of 81568
 
Income Tax 2003: give & take
Giveth: Last year, the (Republican) Congress voted to raise the per-child tax credit to $1,000 from the scheduled $600, and in an effort to get cash into the hands of consumers and thereby boost the economy, it directed the IRS to mail out checks for the $400 increase immediately, using taxpayer's 2002 returns as a guide to their eligibility.

Taketh: Unless the IRS missed you, don't try to claim the full $1,000 per child on your return. You already got a big chunk of it. In addition, because of various limitations, taxpayers at the high and low ends of the income scale may have received an odd amount rather than an even $400 per child, and in fact may not remember or have records of exactly what they did receive. If that's a problem, go to the IRS's Web site, www.irs.gov, and click on "Remember Your Advance Child Tax Credit." You can fill out an online form and the agency will remind you how much you got.



washingtonpost.com



To: American Spirit who wrote (5500)3/7/2004 3:31:54 PM
From: tontoRead Replies (1) | Respond to of 81568
 
The person working hard and earning $200,000 pays a tremendous amount in taxes per year. I respect how much they are required to pay in taxes, and what it leaves them. I repect that they are called rich but living an upper middle class existance and are attacked and demonized
by Kerry supporters as being idol rich...

$700,000 a year is wealthy. Please do explain how at $200,000 you are "rich" enough to incorporate and take additional write offs not available to average americans.