Thread: Obama Political Test
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Old 08-14-2008, 07:04 PM
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Quote:
Originally Posted by LitlBuck View Post
Whoa! I made a mathematical error. If you made $40 per hour, your annual salary working a full-time job would be a little over $80,000 and don't forget the benefits. I wonder what I would have to do in order to make that type of money.
If I may reiterate:

The students are already receiving tax credits for doing nothing. The current payrate is infinite. $40 <<<< infinity.

A couple other thoughts I had driving home....

The IRS already designates qualified charitable organizations. If the community service is required to be for one of these organizations, the matter of tracking the hours is as simple as a couple additional form for the organization. A form to send to the IRS listing all volunteers, SSN's, and hours volunteered. And a W-2-esque form to give to the volunteers. The IRS computer system compares the numbers to make sure they match. Not a huge deal, at all. New forms are added constantly.

Also, pro-rated hours worked, I think would be important. If someone comes up to 92 hours, they get 92% of the credit. That would be nice.
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