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To: SoothingDave
It is not a "reward"....the IRS' own page describes it thusly: EITC, Earned Income Tax Credit, is a benefit for working people who have low to moderate income. A tax credit means more money in your pocket. It reduces the amount of tax you owe and may also give you a refund.

It's just another damned unearned benefit. The only difference being you have to have worked at least 'some' for someone else. In theory, one could earn as little as $600 in one quarter (the old requirement for filing and paying taxes on) and get upwards of near $6000 back. There's not one doggone thing "earned" about it. It is nothing but stealing from producers and redistributing it to unproductive people.

5 posted on 03/10/2014 12:12:24 PM PDT by Gaffer (Comprehensive Immigration Reform is just another name for Comprehensive Capitulation)
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To: Gaffer

I think you misunderstand the name. It is not the tax credit that is earned. It is the income that is earned.

If you earn some income, then you get a tax credit.

It’s perverse, but so is welfare. It is an incentive to get people to work. Without it, those who wanted to work would be penalized by loss of other benefits.

Yes, it is a benefit. No argument there.


6 posted on 03/10/2014 12:32:19 PM PDT by SoothingDave
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