Quote:
Originally Posted by Rainger99
That may have been the case a long time ago.
Currently, the federal individual income tax is structured so that the poor owe little or no income tax. In addition, tax credits—primarily the earned income tax credit (EITC) and the refundable portion of the child tax credit, called the additional child tax credit (ACTC)—increase the disposable income of many low-income taxpayers who work and have children. This has reduced poverty.
Poverty and the Tax Code : Democracy Journal |
It also has created a culture where people do not care what things cost as the govt pays the bill.