Tax credits for the working poor : a call for reform /
Michelle Lyon Drumbl.
Bok Engelsk 2019 Michelle L. Drumbl,· Electronic books.
| Annen tittel | |
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| Omfang | 1 online resource (xii, 222 pages) : : digital, PDF file(s).
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| Utgave | 1st ed.
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| Opplysninger | Title from publisher's bibliographic system (viewed on 24 Jul 2019).. - Cover -- Half-title -- Title page -- Copyright information -- Dedication -- Contents -- Preface and Acknowledgments -- List of Abbreviations -- Introduction: Rethinking the Earned Income Tax Credit -- 1 A History of the EITC: How It Began and What It Has Become -- The Original EITC (1975) -- The First Expansion of the EITC (1978) -- Further EITC Expansions in the Reagan Years -- Transformation to an Antipoverty Program and Continued Expansion (1989-2015) -- The Child Tax Credit and Its Relationship to the EITC -- The Importance of the Present-Day EITC -- 2 Why the United States Uses Lump-Sum Delivery -- Administrative Benefits of a Lump-Sum Approach -- Taxpayer Preferences and Behavior Associated with Lump-Sum Delivery -- The Advance Earned Income Credit: An Underutilized Periodic Payment Option -- Why Wasn't the AEITC More Popular? -- The End of the AEITC -- Experimenting with Periodic Payment -- 3 How Inexpensive Administration Creates Expensive Challenges -- The Stubbornly High Improper Payment Rate -- Intentional and Unintentional Taxpayer Noncompliance -- Unintentional EITC Noncompliance -- Intentional Noncompliance -- Return Preparer Misconduct -- Refund-Related Lending Practices -- Tax-Related Identity Theft -- Screenings, Examinations, and Sanctions: Government Responses and Consequences -- 4 Importing Ideas: Case Studies in Design and Administrability -- Case Study 1: New Zealand -- Overview and Objectives -- Mechanics -- Critiques Raised by Domestic Scholars and Stakeholders -- Takeaways for the US Context -- Case Study 2: Canada -- Overview and Objectives -- Mechanics -- Critiques Raised by Domestic Scholars and Stakeholders -- Takeaways for the US Context -- No Utopia -- 5 Reimagining the Credit: Why and How to Restructure the EITC -- Why Restructure the Credit? -- The Social Science of Signaling: How Benefits Are Framed Matters.. - Simplicity Begets Coherence - and Compliance -- Restructure the Credit within the Current Parameters: A Modest Reimagination -- Work-Support Credit -- Family-Support Credit -- A More Radical Reimagination: Thinking beyond Today's EITC -- Calculate Credits by Household Income, Not Marital Status -- Allow Parents Who Share Custody to Share the Credits -- Adjust Credits Regionally for Cost of Living -- 6 Making a Case for Year-Round EITC Delivery -- Advantages of a Periodic Payment Structure -- Reduce Reliance on Unfavorable Borrowing Practices -- Reduce Incentives for Third-Party Misbehavior -- Lower the Stakes for Overpayments and Frozen Refunds -- Ways to Structure Periodic Payments -- Weekly, Monthly, Quarterly: What Payment Frequency Is Best? -- Past or Future Earnings: Which Income Measure Is Best? -- Pros and Cons of a Past Earnings Model -- Pros and Cons of a Current/Future Earnings Model -- Real-Time Income Eligibility: A Worthwhile but Currently Unviable Possibility -- Pay-as-You-Earn -- An Ideal Structure: Quarterly Distribution with Real-Time Reporting -- Quarterly Benefits Based on Current Estimated Income: An Alternate, More Viable Proposal -- Periodic for All, or Opt In? -- Showing Eligibility to Claim the Family-Support Benefit -- Transitional Challenges -- 7 Protecting the Antipoverty Element -- Tax Refund Offsets Generally -- Injured Spouse Allocation -- Offset Bypass Refund -- EITC as an Overpayment Subject to Section 6402 -- Analogies from Other Contexts Involving Financial Hardship -- Federal Tax Liabilities and Levy Exemption -- Recoupment of Other Social Benefit Overpayments -- SNAP -- Social Security -- EITC Recoupment and Offsets -- Implications and Consequences of Protecting the EITC -- 8 Beyond EITC Delivery and Administration: How the United States Addresses Poverty -- The United States and the Persistent Problem of Poverty.. - Using the Code to Boost More than Just Workers -- What Are We Asking of Tax? -- Index.. - The United States introduced the earned income tax credit (EITC) in 1975, where it remains the most significant earnings-based refundable credit in the Internal Revenue Code. While the United States was the first country to use its domestic revenue system to deliver and administer social welfare benefits to lower-income individuals or families, a number of other countries, including New Zealand and Canada, have experimented with or incorporated similar credits into their tax systems. In this work, Michelle Lyon Drumbl, drawing on her extensive advocacy experience representing low-income taxpayers in EITC audits, analyzes the effectiveness of the EITC in the United States and offers suggestions for how it can be improved. This timely book should be read by anyone interested in how the EITC can be reimagined to better serve the working poor and, more generally, whether the tax system can promote social justice.
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| Emner | |
| Sjanger | |
| Dewey | |
| ISBN | 1108227406. - 9781108227407
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