It's a way for very low income households to buy big screen TV's and used cars every March, and pawn or sell them for 1/4 what they paid for them every May.

Which is why it makes more sense to incorporate it into the other benefits being offered. Most problems associated with the EITC are to do with how it is claimed. Once a year lump sums are not a smart way to give help to these people. They are also often ripped off by the tax prep services that help them claim the credit. The incentives at work are also messed up.

 

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Make more sense just to do away with it entirely.

I've heard many people talk about EITC credit and state how they "couldn't make it without my kid".....

I know, common sense would indicate that a one time payment of 3 grand doesn't offset a year long bill of 10 grand...but we aren't talking about rocket scientists in every case here.

Do away with the program entirely, and replace it with one that isn't dependent upon having children to get money...which is what the current EITC boils down to for many low income people. Have more kids, get more money. :

here is how to fix the economy:

- say that we are cutting military spending by 100%
- we actually don't do that, but instead hide it in caves and under mountains
- wait for enemies to attack America
- SURPRISE BITCHES WE STILL HAVE A ARMY
- take all their stuff & bomb their moms
- sell the stuff on ebay
- PROFIT!!!

 

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Meanwhile in the Socialist Democracy of Sweden, surplus in the treasury this year and next year.

 

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