I suspect even a family of four making less than 40k will see a reduction in tax credits of about $1500. An effective tax increase of that amount. That increase coming from an increase in the marginal tax rate and a loss of $500 per child from the child tax credit.
jpttm December 17, 2012
at 7:46pm
I suspect even a family of four making less than 40k will see a reduction in tax credits of about $1500. An effective tax increase of that amount. That increase coming from an increase in the marginal tax rate and a loss of $500 per child from the child tax credit.