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Old 09-19-2004, 02:07 AM   #16
xoxoxoBruce
The future is unwritten
 
Join Date: Oct 2002
Posts: 71,105
Size of Family Unit
48 Contiguous States and D.C./ Alaska/ Hawaii
1 $ 8,980- $11,210- $10,330
2 12,120- 15,140- 13,940
3 15,260- 19,070- 17,550
4 18,400- 23,000- 21,160
5 21,540- 26,930- 24,770
6 24,680- 30,860- 28,380
7 27,820- 34,790- 31,990
8 30,960- 38,720- 35,600
For each additional
person, add 3,140 3,930 3,610

OK, so the income up to the poverty level is exempt, $8,980 for me. The only way I can see that working is you file for a refund at the end of the year. That would mean a system to process those returns and refunds. That means the IRS still runs the system and everyone has to file or forfeit. It also means they'll be holding $2700 of my money for near a year, unless I can file as soon as I top the $8,980.
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