Lucrum Jan 18, 2012 #81 Quote from RCG Trader: Stop Loss, Mav. It is not too late. More... YOU are the one losing.
E Epic Jan 18, 2012 #82 Quote from Maverick74: No, the child tax credit is something different. One can get both the EITC as well as the child tax credit. More... I'm not talking about the child tax credit. The EITC is not $3,500 for someone who makes $35,000 but has no children. The EITC amoutn and max income limit both increase for each additional child up to three. http://www.irs.gov/individuals/article/0,,id=150513,00.html But as I said before, you are close to being correct. The average household/person making $35K pays less than 5%, and many do in fact pay nothing.
Quote from Maverick74: No, the child tax credit is something different. One can get both the EITC as well as the child tax credit. More... I'm not talking about the child tax credit. The EITC is not $3,500 for someone who makes $35,000 but has no children. The EITC amoutn and max income limit both increase for each additional child up to three. http://www.irs.gov/individuals/article/0,,id=150513,00.html But as I said before, you are close to being correct. The average household/person making $35K pays less than 5%, and many do in fact pay nothing.
