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Math for First Time Home Buyer Tax Credit

by on Sep.30, 2009, under News

 Green Taxi
The government is paying 10% of your purchase, up to $8000 max, to any first time home buyer with an income of less than $75k.  It will end on December 1, 2009.
So far, this year 1.9 million home purchases have qualified for this tax credit.  1.9 million x $8000 = $15 billion.  So, the program cost the government Read more articles …


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