Earned Income Tax Credit (EITC)
GPTKB entity
Statements (122)
| Predicate | Object |
|---|---|
| gptkbp:instance_of |
gptkb:tax_policy
|
| gptkbp:administered_by |
gptkb:Internal_Revenue_Service
gptkb:United_States gptkb:Internal_Revenue_Service_(IRS) |
| gptkbp:based_on |
earned income
|
| gptkbp:can_be_claimed_for |
tax year
|
| gptkbp:can_result_in |
a refund
|
| gptkbp:designed_for |
low to moderate-income working individuals and families
|
| gptkbp:facilitates |
families with children
|
| gptkbp:first_introduced |
gptkb:1975
|
| gptkbp:founded_in |
gptkb:1975
|
| gptkbp:has_expansion |
gptkb:multiple_times
|
| gptkbp:highlights |
economic studies
|
| https://www.w3.org/2000/01/rdf-schema#label |
Earned Income Tax Credit (EITC)
|
| gptkbp:increased |
gptkb:American_Recovery_and_Reinvestment_Act_of_2009
|
| gptkbp:is_a_form_of |
income redistribution
|
| gptkbp:is_a_key_component_of |
the safety net
the U. S. welfare system |
| gptkbp:is_a_source_of |
income for many families
|
| gptkbp:is_a_subject_of |
ongoing research
|
| gptkbp:is_analyzed_in |
its economic impact
|
| gptkbp:is_associated_with |
higher educational attainment
increased labor force participation reduced reliance on public assistance |
| gptkbp:is_available_for |
temporary workers
self-employed individuals single parents married couples part-time workers individuals without children |
| gptkbp:is_available_in |
self-employed individuals
high-income earners working individuals and families |
| gptkbp:is_based_on |
filing status and number of qualifying children
|
| gptkbp:is_cited_in |
a model for other countries
|
| gptkbp:is_claimed_on |
gptkb:Form_1040
|
| gptkbp:is_considered_as |
gptkb:financial_assistance
anti-poverty measure tax relief measure |
| gptkbp:is_considered_effective_in |
reducing income inequality
|
| gptkbp:is_criticized_for |
complexity
complexity of eligibility requirements |
| gptkbp:is_debated_in |
low-income families
millions of taxpayers annually low-income workers working families eligible taxpayers |
| gptkbp:is_designed_to |
reduce poverty
encourage work |
| gptkbp:is_designed_to_benefit |
low-income workers
|
| gptkbp:is_discussed_in |
political campaigns
academic literature policy debates |
| gptkbp:is_evaluated_by |
effectiveness
research studies return on investment tax returns administrative efficiency its effectiveness tax forms long-term effects income and family size impact on education various research organizations number of qualifying children effect on child development a formula based on income impact on labor force participation |
| gptkbp:is_influenced_by |
economic conditions
|
| gptkbp:is_linked_to |
child welfare
health outcomes improved health outcomes economic mobility housing stability child tax credit increased economic mobility increased spending work incentives |
| gptkbp:is_often_claimed_by |
millions of taxpayers
|
| gptkbp:is_often_discussed_in |
gptkb:political_debates
academic literature economic policy circles |
| gptkbp:is_often_referenced_in |
policy analysis
|
| gptkbp:is_often_seen_in |
a successful anti-poverty program
|
| gptkbp:is_often_used_in |
support low-income families
offset payroll taxes |
| gptkbp:is_part_of |
economic policy discussions
social safety net federal budget discussions tax reform discussions welfare reform discussions federal tax system U. S. tax policy the American tax system |
| gptkbp:is_promoted_by |
government agencies
non-profit organizations community organizations a pro-work policy |
| gptkbp:is_promoted_through |
public awareness campaigns
tax preparation services |
| gptkbp:is_refundable |
gptkb:tax_policy
|
| gptkbp:is_reviewed_by |
gptkb:United_States_Congress
tax professionals |
| gptkbp:is_subject_to |
gptkb:investigation
income limits |
| gptkbp:is_supported_by |
research findings
advocacy groups various advocacy groups |
| gptkbp:is_updated_by |
gptkb:legislation
|
| gptkbp:often_includes |
financial literacy programs
tax reform discussions tax policy proposals |
| gptkbp:provides |
refundable tax credit
financial assistance to low-income individuals |
| gptkbp:reduces |
poverty
tax liability |
| gptkbp:reported_by |
tax statistics
|
| gptkbp:requires |
earned income
filing a tax return |
| gptkbp:was_a_factor_in |
tax filing decisions
|
| gptkbp:bfsParent |
gptkb:IRS
|
| gptkbp:bfsLayer |
5
|