Center on Budget and Policy Priorities cbpp.org Federal Taxes Push Millions of “Childless Workers”* Into or Further into Poverty 1.

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Presentation transcript:

Center on Budget and Policy Priorities cbpp.org Federal Taxes Push Millions of “Childless Workers”* Into or Further into Poverty 1

Center on Budget and Policy Priorities cbpp.org “Childless Workers” Receive Much Smaller Average EITC Benefit 2

Center on Budget and Policy Priorities cbpp.org “Childless Workers” Receive Much Smaller Average EITC Benefit 3

Center on Budget and Policy Priorities cbpp.org The Maximum EITC Benefit for “Childless Workers” is Small Source: CBPP projections of IRS data

Center on Budget and Policy Priorities cbpp.org “Childless Workers” Lose EITC at Much Lower Income Level than Workers with Children Source: CBPP projections of IRS data

Center on Budget and Policy Priorities cbpp.org The Current “Childless Workers’” EITC Does Little to Offset Income and Payroll Taxes Source: CBPP projections of IRS data

Center on Budget and Policy Priorities cbpp.org President’s Proposal Would Boost Earned Income Tax Credit (EITC) for “Childless Workers” 7