Talk:Earned income tax credit

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  The Earned Income Credit was introduced in 1975 under President Gerald Ford.
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  The Earned Income Credit was made permanent by the Revenue Act of 1978 under President Jimmy Carter.
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  The EIC was expanded as one part of the comprehensive Tax Reform Act of 1986 passed by a Democrat house, a Republican Senate, and signed by President Ronald Reagan on Oct. 22, 1986.
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  EIC was expanded by the 1990 tax act signed by President George Bush, Sr.
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  EIC was expanded by the 1993 tax act signed by President Bill Clinton.
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  Under President George W. Bush, some small changes, perhaps most notably, a modest reduction in marriage penalty as it pertains to EIC, so that the phase-out was $3,000 greater with MFJ.

I was going to add a {{UStaxation}} template to the article as it was in the Taxation in the United States Category but it seems like it may be a global article, yet it starts with U.S. If it is a global article, I would change the CAT to just Taxation and add the {{Public finance}} template. Morphh ^(talk) 2:13, 04 February 2008 (UTC)

IRS Marks EITC Awareness Day; Highlights Expanded Tax Credit, IRS.gov, Jan. 29, 2010. “ . . For tax years 2009 and 2010, the American Recovery and Reinvestment Act created a new category for families with three or more children and expanded the maximum benefit for this category. . ”

American Recovery and Reinvestment Act of 2009, CCH Tax Briefing, Feb. 17, 2009, page 3.

Tax Planning Opportunities Under The Stimulus Plan Eisner LLP Partners, “This legislative summary was authored by Eisner LLP partners Marie Arrigo, Jay Bakst, Carolyn Dolci, John Forry . . .” et al, March 1, 2009, see item 5. toward the middle:
“The ARRA provides for an increase in the earned income tax credit for 2009 and 2010 for a family with three or more children, to 45 percent from 40 percent of the family's first $12,570 of earned income, with a phase-out of the credit beginning at an increased amount of $21,420 in income for couples filing a joint return.”

http://www.whitehouse.gov/assets/documents/Public_Law-111-5.pdf SEC. 1002. TEMPORARY INCREASE IN EARNED INCOME TAX CREDIT. (a) IN GENERAL.—Subsection (b) of section 32 is amended by adding at the end the following new paragraph:
‘‘(3) SPECIAL RULES FOR 2009 AND 2010.—In the case of any taxable year beginning in 2009 or 2010—
‘‘(A) INCREASED CREDIT PERCENTAGE FOR 3 OR MORE QUALIFYING CHILDREN.—In the case of a taxpayer with 3 or more qualifying children, the credit percentage is 45 percent.
‘‘(B) REDUCTION OF MARRIAGE PENALTY.—
‘‘(i) IN GENERAL.—The dollar amount in effect under paragraph (2)(B) shall be $5,000.
‘‘(ii) INFLATION ADJUSTMENT.—In the case of any taxable year beginning in 2010, the $5,000 amount in clause (i) shall be increased by an amount equal to—
‘‘(I) such dollar amount, multiplied by
‘‘(II) the cost of living adjustment determined under section 1(f)(3) . . . "

What is the relevance of the table "Average incomes and taxes CBO Study 2009"? Might be useful if earned income tax credit were actually included here, but it isn't.

Since this table does not have any clear connection to the article, I deleted it. Michael-Zero (talk) 05:21, 29 December 2018 (UTC)Reply

There are eight (8) commented-out sections in this article, only one of which appears to be a note to editors. Why are they there? I suggest that most such content should either be removed if it's truly extraneous (it's already invisible to readers!) or made into footnotes. Micler (talk) 17:35, 9 January 2024 (UTC)Reply