Earned Income Tax Credit Evaluation Essay

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Earned Income Tax Credit Evaluation Meyer (2010) states that since the birth of the EITC in 1975 it has grown dramatically in size and is now the largest antipoverty program for the non-aged in the United States. Meyer (2010) continues that “in 2007, 25 million families received EITC payments totaling $49.7 billion.” Meyer (2010) avers that “as a result, the EITC lifted at least 4.0 million individuals above the poverty line.” Meyer (2010) further continues to explain that “in addition to directly raising incomes, the EITC has sharply changed work incentives, currently increasing the after‐tax wage by up to 45% for those with low earnings.” The EITC overall is part of the tax system and does not necessitate individuals to have a tax liability that the credit offsets. Meyer (2010) maintains that “a person without a net tax liability receives it as a payment that, by 2009, could be as large as $5,657.” The objective of the EITC has been to move earnings while stimulating employment. This characteristic paved the way for political support for its early acceptance and for its following development. The agenda has undertaken more distinction in recent years as policy makers have sought to decrease the reliance that they assert has been promoted by welfare programs. It’s well known that elevated and unrelenting poverty is excessively found in rural areas, with isolated rural areas experiencing the utmost poverty. Mammen and Lawrence (2006) state that time limits enforced by
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