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If it were "abused" by 100% of filers, it would almost be a UBI. Which would be a good thing. (It would be even better if the procedure for receiving it were "b
by jessaustin 5y ago
If it were "abused" by 100% of filers, it would almost be a UBI. Which would be a good thing. (It would be even better if the procedure for receiving it were "be a human living in USA", rather than submitting complicated bureaucratic forms on a particular schedule.) The problem with EITC and other similar benefits such as those instituted temporarily in response to Covid pandemic is that such benefits invariably have complicated means tests. Without that, not only would IRS examiners have more time to go after the big evaders, not only would more of the "deserving poor" actually receive the benefit, but also it would be great for the economy.