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In consequence, unintended effects on human health and the environment, or the very expensive "phase out" at a later stage of the product development, can be avoided [17].
The credit begins to phase out at income levels of $75,000 for individuals and $150,000 for married couples filing jointly.
Many of those who leave welfare for work become less financially secure because benefits begin to phase out at extremely low income levels.
Over all, the premium increases only really bite as subsidies phase out — at incomes above $45,000, or about $62,000 for a family of four.
The full tax credit would be available to families with incomes up to $30,000 and would gradually phase out at higher incomes, with a cutoff at $60,000.
He added: "The Governing Council will gradually phase out, at the appropriate time, the extraordinary liquidity measures that are not needed to the same extent as in the past".
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For married people filing jointly, the income limit is $85,000, phasing out at $105,000.
People above those limits can get smaller benefits, but the credit phases out at $95,000 for individuals and $170,000 for couples.
A nonworking spouse or a spouse who works but is not a participant in a qualified retirement plan may contribute if A.G.I. on a joint return is less than $159,000, phasing out at $169,000.
Business investment could also slow next year as the corporate tax break that allowed faster depreciation -- a big incentive to bring planned investment forward -- phases out at the end of 2004.
The credit phases out at a 5% rate, meaning taxpayers lose $50 of credit for each extra $1,000 of AGI over $150,000 for a couple, or $75,000 for a single or single parent.
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CEO of Professional Science Editing for Scientists @ prosciediting.com