The Earned Income Tax Credit (EITC) is a form of negative tax that increases the incomes of workers with earnings but is eventually phased out to zero as earnings rise above a certain level.

Name: The Earned Income Tax Credit (EITC) is a form of negative tax that increases the incomes of workers with earnings but is eventually phased out to zero as earnings rise above a certain level.
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Question

Quizplus · Accepted Answer

The statement describes the basic structure and function of the EITC accurately.

The Earned Income Tax Credit (EITC) Is a Form of Negative