You are viewing an obsolete version of the DU website which is no longer supported by the Administrators. Visit The New DU.
Democratic Underground Latest Greatest Lobby Journals Search Options Help Login
Google

Reply #31: Tax Credits versus Tax Deductions [View All]

Printer-friendly format Printer-friendly format
Printer-friendly format Email this thread to a friend
Printer-friendly format Bookmark this thread		 This topic is archived.
Home » Discuss » Archives » General Discussion (1/22-2007 thru 12/14/2010) Donate to DU
Gaedel Donating Member (802 posts) Send PM | Profile | Ignore Wed Mar-24-10 02:04 PM
Response to Reply #29
31. Tax Credits versus Tax Deductions
Tax Deduction have value only if you have enough income to take the deduction. Tax deduction are also more valuable the higher your tax bracket.


Tax Credits help everyone who can get them. Even if you owe zero income tax, a $500 Tax Credit means you will get a $500 tax refund.

An example of Tax Credits is the Earned Income Credit (EIC) which gives you money back even if your income is so low your tax bracket is o%.
Printer Friendly | Permalink |  | Top
 

Home » Discuss » Archives » General Discussion (1/22-2007 thru 12/14/2010) Donate to DU

Powered by DCForum+ Version 1.1 Copyright 1997-2002 DCScripts.com
Software has been extensively modified by the DU administrators

Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.

Home  |  Discussion Forums  |  Journals |  Store  |  Donate

About DU  |  Contact Us  |  Privacy Policy

Got a message for Democratic Underground? Click here to send us a message.

© 2001 - 2011 Democratic Underground, LLC