11-24-2009, 07:37 AM
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#27 (permalink)
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Base Member
Join Date: Oct 2009
Location: jersey
Posts: 36
Drives: Red 370z b w/st 2009
Rep Power: 17
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Quote:
Originally Posted by 370Zsteve
You are confused. The $3000 reduction would keep you in the same tax bracket, maybe even put you in a lower one. If your gross income was $81k, you would be taxed at a $78k rate after the tax credit.
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that's what i thought the first time
Quote:
Originally Posted by 370Zsteve
Don't forget that you may wind up in a lower tax bracket after the deduction.
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so you meant this as a good thing then...
Quote:
Originally Posted by 370Zsteve
If you are now above $80k income, get ready for sticker shock, Bubba!
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i guess i got confused by this, i didn't get the meaning, thought it was a bad thing
thanks for the clarification! 
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