News Reporter@lemmy.wtfB to Economy@lemmy.world · 19 days agoEconomists are as confused as Trump about taxing the richwww.economist.comexternal-linkmessage-square8fedilinkarrow-up14arrow-down14cross-posted to: economy@lemmy.world
arrow-up10arrow-down1external-linkEconomists are as confused as Trump about taxing the richwww.economist.comNews Reporter@lemmy.wtfB to Economy@lemmy.world · 19 days agomessage-square8fedilinkcross-posted to: economy@lemmy.world
minus-square52fighterslinkfedilinkEnglisharrow-up1arrow-down2·19 days agoHow will the average person on that level of income fair after including the earned income tax credit?
minus-squareKbobabob@lemmy.worldlinkfedilinkarrow-up1·19 days agoDo you think everyone qualifies for that?
minus-square52fighterslinkfedilinkEnglisharrow-up1arrow-down1·19 days agoIt is based on income and household size. If you earn above the threshold, it won’t apply. https://www.irs.gov/credits-deductions/individuals/earned-income-tax-credit/earned-income-and-earned-income-tax-credit-eitc-tables
How will the average person on that level of income fair after including the earned income tax credit?
Do you think everyone qualifies for that?
It is based on income and household size. If you earn above the threshold, it won’t apply.
https://www.irs.gov/credits-deductions/individuals/earned-income-tax-credit/earned-income-and-earned-income-tax-credit-eitc-tables