Logical,
What you say is true for most but not for all...If you have a six figure salary and no kids, you get kicked in the shorts much harder...Given a $2800 credit per child allows a most families with 100K or less income to drop their tax burden by about 10%....Plus there are some simple tax deductions that you are not allowed to participate in such as student loan interest and a few others if you exceed 75K. Even with mortgage interest decductions and putting the max. 15% in my 401K, federal tax burden exceeds 25%.
__________________
"We weren't worth a damn," the Kansas City Chiefs head coach said, shaking his head. "I'm not worth a damn. No one's worth a damn..."
Former President of the Eric Downing Fan Club and Current President of the Kris"Secret Weapon"Wilson Fan Club
|