Last year, my son had to pay taxes on the first 11 thousand dollars he made. This year, the ceiling is 20 thousand before he has to pay taxes. Now he can save up for his sons futur... moreLast year, my son had to pay taxes on the first 11 thousand dollars he made. This year, the ceiling is 20 thousand before he has to pay taxes. Now he can save up for his sons future education, were as before, he could not have afforded it. THANK YOU MR. PRESIDENT.....YOU ROCK!!!