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The paper summarizes on the advantages of the EITC as a tool to help and aid people with financial concerns.
The Earned Income Tax Credit (EITC) is primarily a refundable tax credit that works in reducing or eventually eliminating taxes being paid by lower income classes. According to Meim, this likewise acts too as a conduit in facilitating a wage subsidy for low income workers (1987). It was enacted for several years beginning in 1975 where it became a major tax bill. The EITC began as a modest program that is designed to offset the Social Security payroll tax for low-income families with children...
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