Penelope
Diamond Member
- Jul 15, 2014
- 60,265
- 15,790
- 2,210
They have raised the limits for getting a credit , a single can get credits if AGI is 75 grand or under, and a couple 150 grand,
now its 97,000 for a family of 4 , and for a couple get subsidies up to Magi of up to 64 grand,
and yet they only pay 4000 credit for 60 and over, yet its going to be 5:1 so take the youngest credit of 2000 and X 5 should be = 10,000 credit for those 60 or over, they can't multiply.
Look how they helped the young healthy and the wealthy.“
now its 97,000 for a family of 4 , and for a couple get subsidies up to Magi of up to 64 grand,
and yet they only pay 4000 credit for 60 and over, yet its going to be 5:1 so take the youngest credit of 2000 and X 5 should be = 10,000 credit for those 60 or over, they can't multiply.
Look how they helped the young healthy and the wealthy.“
The annual tax credit amount is established at $2,000 for an individual under 30, $2500 for those age 30 to 39, $3,000 for those age 40 to 49; $3,500 for those age 50 to 59, and $4,000 for those age 60 and over. The tax credit begins to phase out when a taxpayer’s modified adjusted gross income reaches $75,000 ($150,000 for joint filers) adjusted annually by the consumer price index plus one percentage point for inflation after 2020. It phases out by 10 percent of the excess of the modified adjusted gross income above this amount, so the tax credit would disappear for a 29 year old when income reached $95,000 and for a 60 year old when income reached $115,000.”
Examining The House Republican ACA Repeal And Replace Legislation