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The Forum > Article Comments > Book review: 'Minimum Wages and Poverty: An Evaluation of Policy Alternatives' > Comments

Book review: 'Minimum Wages and Poverty: An Evaluation of Policy Alternatives' : Comments

By Andrew Leigh, published 2/5/2006

Earned income tax credits seem to be the best way to alleviate poverty for lower-income earners.

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BD, once again using the weakest pretext to push your beliefs. Move on.

'Social Healing thought Spiritual Renewal (in Christ)' - I'm guessing that what you are talking about here is the extrordinary level of tolerance and support shown by yourself and other followers of Christ in your posts on various threads on this forum.

An inspiration to us all I'm sure and something to aspire to. You may have noticed how inspired some of us have been by the example you have set in regards to social healing and the like (R0bert laughs at his own jest).

Until the rest of us can achieve that lofty level of social healing and renewal we'll just have to keep pressing on looking for answers for the real world and real people's needs. Including the needs of those who don't choose to believe as we do.

R0bert
Posted by R0bert, Wednesday, 3 May 2006 6:30:46 PM
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All these tax inputs and output must finally result in some sort of relationship between income and the amount paid, with some modification for particular circumstances, such as the number of dependents.

There are plenty of people who simply decide to keep their income to medium levels to avoid higher tax brackets. Plenty of poor people fear earning money where that can result in reduced benefits such as no longer having a consession card. Yes, people will avoid earning $100 if it means loosing $50 in benefits.

I favour progressive taxation and simplification of tax system/government services/welfare system. Tax and welfare are two sides of the same coin. Replace the brackets, which are a series of linear functions with a single non-linear function. Smooth the transitional stage between welfare and paying tax.

If I earn $40,000 in one year, followed by $60,000 in the next, why should I pay more tax than someone earning $50,000 in both years? If I earn $2,000 one year, am I rewarded by the tax/welfare system for earning $30,000 in the next? Poorer people should be motivated to get into the tax system, rather than the opposite.

Finally, when ordinary people need tax accountants, then taxation is too complex. They believe other people are cheating the system and take a step away from financial responsibility. They get a refund and feel it is a reward, when in fact it's their own money being returned.

The only system I have read about which satisfies all the above is the negative tax system. If the EITC regime takes us a step closer to that, then I would be happy to support it.
Posted by David Latimer, Thursday, 4 May 2006 12:37:15 AM
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EITC is just another gimmick to make the peasants feel that their government cares about them. The income tax system is and always has been another way to transfer wealth. There will be a continuing gap between the haves and have nots. A gap that benefits the rich as the poor and the middle class will continue to fight over a dwindling pie.

The fundamental flaw with Mr. Andrews article is he accepts the EITC and the income tax system as one that works. I agree with a previous post, when the average wage earner needs a tax accountant, or even a tax preparer, things have gotten out of control.

Unless it is stopped government will continue to take your money, give it away to corporations, foreign governments, waste it on pork barrel projects, wage war, and avoid fiscal responsibility.

Balancing the books is a fundamental concept of responsibility. We owe nothing to a corrupt system that does not give its people the basic service that any good housewife knows how to deliver. You don't spend what you don't have and always save for a rainy day.
Posted by Patty Jr. Satanic Feminist, Thursday, 4 May 2006 1:34:34 AM
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DO YOU QUALIFY FOR EARNED INCOME TAX CREDIT?

CPC Tax Services Can Get Your Refund Now

January 3, 2007—Hartsdale, NY—People who qualify for an Earned Income Tax Credit can now get their refunds faster and for lower fees with CPC Tax Services. To qualify for the credit, adjusted gross income must be less than $38,348.00 (for those who are married filing jointly, with more than one qualifying child).

“Clients who come to CPC Tax Services can be sure of having their Earned Income Tax returns prepared faster, professionally, and for less money than at any other tax preparer,” says Nunzio Raimo, an owner and principal of the firm. “CPC Tax Services has been preparing tax returns for a wide range of clients for more than 15 years, and we are now offering the same personalized, dependable service to help people who want their earned income credit refunds as quickly as possible. For clients who want to take advantage of our Refund Anticipation Loan, this can be in as little as a few days.”

Raimo, whose credentials include a Master’s degree in Business Administration and postgraduate certificates in accounting, taxation, credit analysis and computer science, owns the firm with Rafael Guzman, CPA. “Along with our knowledge and experience, we are committed to providing personal service,” says Raimo. “At CPC Tax Services, you always know who’s preparing your return and that you can depend on us to be accurate.”

To make an appointment, go to CPCtax.com, or call 914.949.7400, ext. 136.

CPC Tax Services is a 15 year-old firm specializing in tax preparations. Established by Rafael Guzman CPA, CPC provides professional assistance to hundreds of clients each year. CPC Tax Services is located at 141 South Central Avenue in Hartsdale, NY tel. 914.949.7400 ext. 136, and on the web at cpctax.com. Listen to Joe Benigno and the Nunz on WFAN Sports Radio 660 AM throughout the day as Joe and the Nunz talk about tax tips and tax facts. Or, you can click on Business Buzz and listen at CPCtax.com.
Posted by MarketingWorks34, Friday, 16 February 2007 5:39:04 AM
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