This year I get nothing, deductions from disaster losses already exceed taxable income. But assuming I had not been in a flood, yepper, it seems I would get a 400 dollar tax cut. Oh boy. Let me run right out with that and do something about the unemployment problem!
Dana On Thu, 29 May 2003 12:29:58 -0400, Howie Hamlin <[EMAIL PROTECTED]> wrote: > You get $400, the rich get tens of thousands (not including their tax- > free dividends) and the Federal government gets bankrupted. What more > could you ask for? > > ----- Original Message ----- From: "Dana Tierney" <[EMAIL PROTECTED]> > To: "CF-Community" <[EMAIL PROTECTED]> > Sent: Thursday, May 29, 2003 12:21 PM > Subject: Re: What the Bush tax cut could have paid for > > >> For the person who asked for a url: >> http://www.smartmoney.com/taxmatters/index.cfm?story=20030527 >> >> Had a look at how this would affect me. Divorced head of household, two >> kids, small business running in the red this year due to disaster losses >> (all equipment lost in flood). Substantial child support which is >> untaxed, as it is paid out of income on which father has already paid >> taxes. I am not sure whether the child tax credit applies to taxes owed >> (none) or rebated like the earned income credit. I believe the former. >> At best it seems I get $400 next year. Whoopee. >> >> Dana >> >> > ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Archives: http://www.houseoffusion.com/cf_lists/index.cfm?forumid=5 Subscription: http://www.houseoffusion.com/cf_lists/index.cfm?method=subscribe&forumid=5 Your ad could be here. Monies from ads go to support these lists and provide more resources for the community. http://www.fusionauthority.com/ads.cfm Unsubscribe: http://www.houseoffusion.com/cf_lists/unsubscribe.cfm?user=89.70.5
