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Because there is an income limit on this tax, cutting the rate has a limited benefit for households above the income limit, and the net effect is a more equal affect on all households.
New York eventually increased its income limit.
Is there an income limit for need-based consideration?
The income limit is the same for singles.
For a family of four, the annual income limit would be $56,280.
It was $500 more than the standard $4,000 pretax income limit -- not $4,500 more.
For couples filing jointly, the income limit phases out between $85,000 and $105,000.
At the H &R Block site, the income limit is $28,000.
The income limit for these apartments is 50percentt of the median.
For married people filing jointly, the income limit is $85,000, phasing out at $105,000.
But the income limit to receive that benefit is about $2,600.
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