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To: ajay_kumar

If you only have $3000 minimum taxable income, you are not paying income tax. You are getting any tax you pay back with child rebates or something.


22 posted on 02/06/2008 10:57:47 PM PST by ican'tbelieveit ((Join FreeRepublic's Folding@Home team (Team# 36120), KW:Folding))
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To: ican'tbelieveit

You are correct. But that $3000 figure applies to “earned” income. So I guess they want to help & encourage people who work.
In fact if you have all unearned income (interest, dividends etc) there will be no rebate check regardless of taxes paid.


53 posted on 02/07/2008 6:26:43 AM PST by ajay_kumar (United we win, divided democrats win. How difficult is that to understand?)
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