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Posted on 4/8/24 at 3:54 pm to yellowfin
quote:
No, there are income limits
Right, if you make more than something like 120k then you only get 5k per kid, if you make less I think you get something like 7.5k.
Posted on 4/8/24 at 3:57 pm to yellowfin
quote:
No, there are income limits
I know that everyone thinks that makes sense, but once again we punish people who have a moderate level of success.
Truly wealthy people don’t need a subsidy, but if you make just enough to pay your bills and send your kids to private school with no help, you’re denied help that less successful people get.
So say the limit is $130k. If you’re making $140k and trying to put multiple kids through private school, you’re just making ends meet. You’d be better off making $120k due to arbitrary income limits, and that’s not right.
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