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Within Our Grasp: Reducing Economic Insecurity with a State EITC Elizabeth Paulhus

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Within Our Grasp: Reducing Economic Insecurity with a State EITC Elizabeth Paulhus [email protected] Presentation at the Asset Building Summit October 29, 2010. Outline. Why do we need a state EITC? A tale of two credits Funding a state EITC with TANF dollars. - PowerPoint PPT Presentation

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Page 1: Within Our Grasp:  Reducing Economic Insecurity with a State EITC Elizabeth Paulhus
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Source. Bureau of Labor Statistics. Data from the Consumer Price Index - All Urban Consumers, South Urban region.

Page 4: Within Our Grasp:  Reducing Economic Insecurity with a State EITC Elizabeth Paulhus

Source. Institute on Taxation and Economic Policy. (2009). Who Pays? A Distributional Analysis of the Tax System in all 50 States.

Page 5: Within Our Grasp:  Reducing Economic Insecurity with a State EITC Elizabeth Paulhus
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10% State EITC

Family Tax Credit

Refundable Yes No

Number of Tax Filers

Est. 151,000 75,938

Maximum income eligibility

244% FPL 125% FPL

Cost $28 million $17 million

Page 7: Within Our Grasp:  Reducing Economic Insecurity with a State EITC Elizabeth Paulhus

Married, Two Children

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