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To: stylin19a

Starting at Page 36 goes over the individual checks

https://www.congress.gov/116/bills/s3548/BILLS-116s3548is.pdf


138 posted on 03/25/2020 5:42:57 AM PDT by HollyB
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To: HollyB
From page 36:

‘‘(d) LIMITATION BASED ON ADJUSTED GROSS IN20 COME.—The amount of the credit allowed by subsection 21 (a) (determined without regard to this subsection and sub22 section (f)) shall be reduced (but not below zero) by 5 per23 cent of so much of the taxpayer’s adjusted gross income 24 as exceeds $75,000 ($150,000 in the case of a joint re25 turn).

So does this mean if I earned $90K I'd still get $$ minus 5% for the $15K I made over the $75K?

143 posted on 03/25/2020 6:27:03 AM PDT by Alas Babylon! (The prisons do not fill themselves. Get moving, Barr!)
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To: HollyB

thanks. that looks like the original bill - 3/19/2020 date.
I don’t see where they voted on the bill, yet.
Probably not a good idea to vote on a bill that isn’t yet in writing and in their hands.


147 posted on 03/25/2020 9:00:48 AM PDT by stylin19a (((2016 - Best.Election.Of.All.Times.Ever.In.The.History.Of.Ever)))
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