Example sentences for: eitc
How can you use “eitc” in a sentence? Here are some example sentences to help you improve your vocabulary:
Just for the record, the EITC was the brainchild of the powerful Senate Finance Committee Chairman Russell Long.
Clintonites wish to count this as a Clinton tax cut . The EITC is supposed to help relieve the burden of payroll taxes (Social Security, Medicare), and is "refundable" (paid in cash) to workers who owe less in income tax than the tax credit is worth.
While every year brings a new round of partisan battles in Washington over the tax code, the EITC program is one proposal that satisfies a broad cross-section of the political spectrum.
Ironically, for those who do apply, the EITC represents the fourth largest area for audits by the IRS.
"In the short term, readjustment hits EITC, Social Security, WIC, food stamps, and school lunches," says Dean Baker of the Economic Policy Institute, "but in the long term, taxes will be 30 [percent] or 40 percent higher."
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