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2016 Postmortem

Yonnie3

(17,431 posts)

4. He said deduction, so it wasn't a tax credit.

Reply to tonyt53 (Reply #3)

Mon Aug 8, 2016, 02:48 PM

Aug 2016

It would be good for nannies and private schools, I'm sure. No benefit for low income folks, because they are not paying much in taxes.

A *refundable* tax credit (like the Earned Income Credit) would help the low income families. Like any Trump campaign statement, this may be totally different in a few hours.

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Highlight:

For low income workers who pay little taxes, how does exemption of childcare help them more than [View all] glennward Aug 2016 OP

It doesn't and isn't intended too. etherealtruth Aug 2016 #1

To quote Lambert Strether... lapucelle Aug 2016 #2

Like all tax credits you have to go the entire year to get it after you file you taxes the next year tonyt53 Aug 2016 #3

He said deduction, so it wasn't a tax credit. Yonnie3 Aug 2016 #4