According to one news report I watched, the Bush tax scheme would start a new category -- those earning $6,000 per year would be taxed at 10%. This seems like it will hurt lots of disabled persons since many are working part time, as well as students. If I remember correctly the standard deduction on the tax form is over $6,000. So what is going on here. Who is going to get the load of this tax?
Marta
Max Sawicky wrote:
>
>
> My project, not that anybody asked, is to
> highlight the more-or-less unchanged
> problems with the EITC and complexity surrounding the
> interaction of the EITC with the child credit, in
> contrast to the simplicity of a unified refundable
> credit. I've done a new form for the Cherry-Sawicky
> credit that only requires 8 lines. It fits on a postcard,
> and I've printed some up. Next time I'm on the
> tube I'll be waving it around like a madman.
>