Burman, Leonard Emanuel
A universal EITC making work pay in the age of automation / Leonard E. Burman .-- , 2020
Resumen.
Bibliografía.
The universal earned income tax credit is a worker subsidy designed to offset wage stagnation. The base proposal would replace existing subsidies for working families with a refundable 100 percent tax credit on individual wages up to $10,000 and a larger, refundable child tax credit. The maximum credit grows with gross domestic product, guaranteeing that low-wage workers benefit from economic growth. The credits are offset by a broad-based value-added tax or income surtax. The proposals are progressive: After-tax income for the bottom quintile would increase by about 25 percent. The tax burden on the top 1 percent would increase by 7-14 percent of income, depending on financing.
IMPUESTOS
POLITICA FISCAL
GASTOS FISCALES
PRESTACIONES SOCIALES
RENTAS BAJAS
NIÑOS
ESTADOS UNIDOS
National Tax Journal 0028-0283v. 73, n. 4, December 2020, p. 1187-1218
A universal EITC making work pay in the age of automation / Leonard E. Burman .-- , 2020
Resumen.
Bibliografía.
The universal earned income tax credit is a worker subsidy designed to offset wage stagnation. The base proposal would replace existing subsidies for working families with a refundable 100 percent tax credit on individual wages up to $10,000 and a larger, refundable child tax credit. The maximum credit grows with gross domestic product, guaranteeing that low-wage workers benefit from economic growth. The credits are offset by a broad-based value-added tax or income surtax. The proposals are progressive: After-tax income for the bottom quintile would increase by about 25 percent. The tax burden on the top 1 percent would increase by 7-14 percent of income, depending on financing.
IMPUESTOS
POLITICA FISCAL
GASTOS FISCALES
PRESTACIONES SOCIALES
RENTAS BAJAS
NIÑOS
ESTADOS UNIDOS
National Tax Journal 0028-0283v. 73, n. 4, December 2020, p. 1187-1218