Archive for February, 2012

Is the Earned Income Credit good tax policy?

While filing my taxes a couple of weeks ago, I notices that the EIC or Earned Income Credit was a major factor in reducing the amount of tax that I owed and greatly increasing the amount of my refund. I have usually assumed that the EIC was simply a liberal-socialist attempt at wealth redistribution and even though I benefit from the policy, I generally voiced opposition to this particular idea because I thought it was a handout and undermined free market principles. However, I started to do a little research into the history of the EIC, I began to realize that this policy gets nearly universal support from both sides of the political spectrum.

3 notes about your IRS tax refund

Nearly 50 percent of US tax filers will be due a refund this tax season and that number continues to grow.