Blog Archives

Guest blog: Americans understand families’ need for EITC

Tax Credits for Working FamiliesThe following is a cross-post from Tax Credits for Working Families’ blog.

What does it really take for a family to “get by”? Gallup has been asking Americans that question for nearly 80 years. Their most recent survey shows that Americans believe that a family of four needs nearly $60,000 a year to make ends meet in their community. Almost forty percent of respondents picked an income between $50,000 and $75,000; another 22 percent picked between $30,000 and $50,000 while 18 percent picked over $75,000 and 13 percent had no idea. Only 7 percent thought a family could get by with less than $30,000 in income. (By comparison, the official federal poverty level for a family of four is considerably lower—under $24,000.) Read the rest of this entry

Tax Credits for Working Families Alleviate, Don’t Erase Tax Burden

Tax Credits for Working Families

The following is a cross-post from Tax Credits for Working Families’ blog

We’ve already shared our thoughts on the misleading claim that wealthy Americans pay a disproportionate share of taxes while those on the bottom half of the income spectrum don’t contribute. This argument is flat-out wrong: It only looks at federal individual income tax, ignoring the fact that Americans are subject to many other types of taxes –from federal payroll taxes and excise taxes on gasoline and other items, to state and local taxes like sales, property and income taxes– that nearly every person in the country pays. And since these other types of taxes tend to be regressive, they impose a greater tax burden on low-income families than on wealthier families. Read the rest of this entry