EDIT: Am I wrong? I took a taxation class, that's what I learned.
Nope, you're not wrong, I am. Sorry! It's definitely the case that in marginal cases it does go negative (it's hard to actually tell but it looks like the correct narrow income bracket AND a spouse and some kids, e.g. "normal" families++). Eyeballing it, it doesn't look like it could go more than a couple thousand $ negative in the most optimal circumstances, but not exactly sure.
I was familiar with the fact that EITC doesn't provide a credit if you don't have an income and narrows to zero with less income (and I've checked it out at both ends of the spectrum in a couple weird years), but not so much with its politics, which are surpluses for low-income-but-not-no-income families.
++ or at least how politicians like to pretend normal families look.
Comments
EDIT: Am I wrong? I took a taxation class, that's what I learned.
Nope, you're not wrong, I am. Sorry! It's definitely the case that in marginal cases it does go negative (it's hard to actually tell but it looks like the correct narrow income bracket AND a spouse and some kids, e.g. "normal" families++). Eyeballing it, it doesn't look like it could go more than a couple thousand $ negative in the most optimal circumstances, but not exactly sure.
I was familiar with the fact that EITC doesn't provide a credit if you don't have an income and narrows to zero with less income (and I've checked it out at both ends of the spectrum in a couple weird years), but not so much with its politics, which are surpluses for low-income-but-not-no-income families.
++ or at least how politicians like to pretend normal families look.