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News Reporter@lemmy.wtfB to Economy@lemmy.world · 2 months ago

Economists are as confused as Trump about taxing the rich

www.economist.com

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Economists are as confused as Trump about taxing the rich

www.economist.com

News Reporter@lemmy.wtfB to Economy@lemmy.world · 2 months ago
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Forget technocracy. The top rate is set by gut instinct
  • 52fighters@lemmy.sdf.org
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    2 months ago

    How will the average person on that level of income fair after including the earned income tax credit?

    • Kbobabob@lemmy.world
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      2 months ago

      Do you think everyone qualifies for that?

      • 52fighters@lemmy.sdf.org
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        2 months ago

        It is based on income and household size. If you earn above the threshold, it won’t apply.

        https://www.irs.gov/credits-deductions/individuals/earned-income-tax-credit/earned-income-and-earned-income-tax-credit-eitc-tables

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