It’s not always “your” money being given back. Many times it’s “my” money too.
The Earned Income Tax Credit (EITC) is an income redistribution scheme.
-Nationwide during 2022, 31 million eligible workers and families received about $64 billion in EITC
-The average amount of EITC received nationwide was about $2,0431
While a compassionate thought, the EITC just creates a new bunch of gimmedats.
EC
Good point. All part-and-parcel of this country now having more moochers than producers. A producer’s strike and a trip to Galt’s Gulch never sounded better.
It was supposed to replace welfare programs. Milton Friedmans negative income tax philosophy.