Although not an all-inclusive answer, considering all the money that goes to the upper income bracket becuase they hire lawyers to avoid taxes, why should the lower incomes foor the remaining bill just because they can't afford to do the same?
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Is the Earned Income Credit system fair to singles and couples who chose to not have children?
which leaves the middle class to bear the brunt, once again, for everyone. It isn't fair to those that don't have children
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Yes, we have additional expenses that you don't have. Try supporting 3 people on minimum wage then complain.
earned income credits don't apply only to people who have children...single people can get eic; my bf, who is a grad student, got eic for 2005
according to the link I left before: ';The earned income credit (EITC) is a tax credit for certain people who work and have earned income in tax year 2005 under $37,263.';---much higher than the $11000 you said
The US income tax system and ';fair'; have nothing to do with each other. Our new Secretary of the Treasury, Henry M. Paulson, Jr., just got to cash in his $700,000,000 from Goldman Sachs tax-free due to a little-known law that allows high-level political appointees to cash out of the private sector and work for the government. The thinking is they wouldn't want the huge tax effect to alter the appointee's decision to take the job. How many folks could have been added to the EITC if Paulson had paid the $300,000,000 he owed?
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