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

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

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

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

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

5 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

6 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

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


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