.RJ Wrote:Oh fucking hell
Quote:Additionally, there are income restrictions: To qualify, buyers must make less than $75,000 for singles or $150,000 for couples. (Higher-income buyers may receive a partial credit.)
Enough with the income restrictions. If you live in certain major metro areas (NY, DC, LA, SF, etc) you cant afford a house making less than that.
Fuck damn stupid fucking class warfare wealth redistribution socialist bullshit.
rant off.
perhaps you missed the part of partial credit for higher-income buyers. i need to look into the details of this, but it could also be your taxable income (which should be significantly lower if you contribute to a 401(k) or have any other tax shelters
ps - mike is on to something... couple-up and make sure you and your 'other' don't make more than 150k :wink:
Sijray21 Wrote:but it could also be your taxable income (which should be significantly lower if you contribute to a 401(k) or have any other tax shelters
Most of the deductions are based on Adusted Gross Income (AGI)
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The whole thing is a racket. Yes, I am just now realizing this.
.RJ Wrote:Sijray21 Wrote:but it could also be your taxable income (which should be significantly lower if you contribute to a 401(k) or have any other tax shelters
Most of the deductions are based on Adusted Gross Income (AGI)
<!-- m --><a class="postlink" href="http://www.walletpop.com/taxes/article/_a/bbdp/calculating-taxable-income/92748">http://www.walletpop.com/taxes/article/ ... come/92748</a><!-- m -->
The whole thing is a racket. Yes, I am just now realizing this.
that's what i meant
and i was comparing my figures and realized why mine appeared to be lower than exptected
Sijray21 Wrote:well it appears that first-time homebuyers could get up to $8000 from Uncle Sam if you buy a house between Jan 09 and Nov 09 (pending income, duration of your stay in the house, and value of the house)
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Casey and I qualified for Bush's $7500 first home buyers credit. BYE BYE Some of our Debt  , we don't mind it. Especially since we were gonna have to pay it back, but if I have heard/read correctly this stimulus will counter that and we wont have to.
Mike Wrote:find someone who makes little-to-nothing. that's my trick 
Doesn't matter if you ain't married... and the end doesn't justify the means.
'76 911S | '14 328xi | '17 GTI | In memoriam: '08 848, '85 944
"Here, at last, is the cure for texting while driving. The millions of deaths which occur every year due to the iPhone’s ability to stream the Kim K/Ray-J video in 4G could all be avoided, every last one of them, if the government issued everyone a Seventies 911 and made sure they always left the house five minutes later than they’d wanted to. It would help if it could be made to rain as well. Full attention on the road. Guaranteed." -Jack Baruth
Mike Wrote:.RJ Wrote:Oh fucking hell
Quote:Additionally, there are income restrictions: To qualify, buyers must make less than $75,000 for singles or $150,000 for couples. (Higher-income buyers may receive a partial credit.)
Enough with the income restrictions. If you live in certain major metro areas (NY, DC, LA, SF, etc) you cant afford a house making less than that.
Fuck damn stupid fucking class warfare wealth redistribution socialist bullshit.
rant off.
find someone who makes little-to-nothing. that's my trick
Propping up someone else's income for a tax credit? :dunno:
Heh I wish that tax credit applies to a purchase last year... at least I got to write off $7500+ in interest paid on my house this past year. That and the fact that I'm 1099 now and write off tons of stuff, I got a decent refund coming back 
Posting in the banalist of threads since 2004
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Past: 2016 GMC Canyon All Terrain Crew Cab / 2010 Jaguar XFR / 2012 Acura RDX AWD Tech / 2008 Cadillac CTS / 2007 Acura TL-S / 1966 5.0 HO Mustang Coupe
2001 Lexus IS300 / 2004 2.8L big turbo WRX STI / 2004 Subaru WRX / A couple of old trucks
.RJ Wrote:Mike Wrote:.RJ Wrote:Oh fucking hell
Quote:Additionally, there are income restrictions: To qualify, buyers must make less than $75,000 for singles or $150,000 for couples. (Higher-income buyers may receive a partial credit.)
Enough with the income restrictions. If you live in certain major metro areas (NY, DC, LA, SF, etc) you cant afford a house making less than that.
Fuck damn stupid fucking class warfare wealth redistribution socialist bullshit.
rant off.
find someone who makes little-to-nothing. that's my trick
Propping up someone else's income for a tax credit? :dunno:
it was a joke... a joke.
I Am Mike
4 wheels: '01 RAV4 (Formerly '93 Civic CX, '01 S2000, '10 GTI, '09 A4 Avant)
2 wheels: '12 Surly Cross-Check Custom | '14 Trek Madone 2.1 105 | '17 Norco Threshold SL Force 1 | '17 Norco Revolver 9.2 FS | '18 BMC Roadmachine 02 Two | '19 Norco Search XR Steel (Formerly '97 Honda VFR750F, '05 Giant TCR 2, '15 WeThePeople Atlas 24, '10 Scott Scale 29er XT, '11 Cervelo R3 Rival, '12 Ridley X-Fire Red)
No longer onyachin.
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