Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: MD Expat in PA
It also would be made available to high earners because the bill would raise the income threshold under which filers may claim the full credit to $200,000 for single parents, up from $75,000 today; and to $400,000 for married couples, up from $110,000 today.”

They should make the availability unlimited, IMO, but this is a good start.

17 posted on 12/21/2017 4:46:09 AM PST by Tolerance Sucks Rocks (Women prefer men with money and muscles. DUH!)
[ Post Reply | Private Reply | To 14 | View Replies ]


To: Tolerance Sucks Rocks
They should make the availability unlimited, IMO, but this is a good start.

I would agree. IIRC, the first draft of the tax bill set the income levels much lower so folks like my nephew earning in the lower mid 5 figures in income would have taken a big hit. As it is he is probably still going to pay more. In PA the state income taxes are not so bad until you add in the local and school taxes and property taxes which are very high. His house is in no way a mega mansion, a rather modest 4BR house in a track development that I think he told me he purchased at around 250k but his property taxes alone are over 10k.

23 posted on 12/21/2017 5:13:45 AM PST by MD Expat in PA
[ Post Reply | Private Reply | To 17 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson