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Old 02-11-2001, 09:18 AM   #15
NaptownChief NaptownChief is offline
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Join Date: Sep 2000
Location: Indianapolis,IN
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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%.
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