Tax Credit Discrimination?

Ilyce Glink , who writes a Home Equity Blog on CBS MoneyWatch, gets an email from a potential home buyer in the state of California – Los Angeles specifically. This is a region with historically high wages relative to the rest of the country as well as high real estate prices along the same lines.  The letter writers’ name is Amy.

Because of her income in her state she does not qualify for the $8,000 dollar tax credit. She laments “If I were to have my current job in a state other than California, in a city other than Los Angeles, my income would be lower and I would qualify”.

The stimulus package seemed to have been created just for her, she feels, but at the same time considers her too wealthy to take advantage of it. So how does someone like Amy take advantage of the program that has helped over 1.4 million homebuyers this year? The answer come from MoneyWatch Editorial Director, Eric Schurenburg who suggested reaching out to Sen. Johnny E. Saxtona (R-GA) who has proposed an extension and expansion plan designed to boost the total amount of credit, and make it available to everyone, even millionaires.

What do you think about her situation and others like hers?

Read the entire email here: CBS MoneyWatch