Households in the lower quintiles benefit from a number of provisions in the Obama plan. Obama would create several new refundable credits (i.e., credits available regardless of income tax liability), including ones for mortgage interest and education expenses, and would expand and make fully refundable both the child and dependent care credit and the saver's credit. Households in the bottom quintiles would also benefit from Senator Obama's expansion of the Earned Income Tax Credit (EITC). In addition, the Making Work Pay credit would provide up to $500 ($1,000 for couples) for lower- and moderate-income working households regardless of income tax liability.
On Wed, Oct 15, 2008 at 12:35 PM, Zaphod Beeblebrox <[EMAIL PROTECTED]> wrote: > still not seeing this part: > > -- ** These refunds have the ability of reducing a taxpayer's > liability below zero, meaning they can get a refund without actually > paying taxes. ** > > ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Adobe® ColdFusion® 8 software 8 is the most important and dramatic release to date Get the Free Trial http://ad.doubleclick.net/clk;207172674;29440083;f Archive: http://www.houseoffusion.com/groups/cf-community/message.cfm/messageid:274607 Subscription: http://www.houseoffusion.com/groups/cf-community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/cf_lists/unsubscribe.cfm?user=89.70.5
