Refundable tax credits like the child tax credit or the earned income tax credit are heavily progressive, and are in the tax code in part to offset the regressivity of other levies like the payroll tax. Fair is good. For the 2018 tax year, the last year for which we have data, the top 1 percent paid over 40 percent of federal income taxes, despite earning just under 21 percent of total adjusted gross income (AGI). None. Despite ProPublica's best efforts to make the information enclosed within seem damning, the data tell us little we didn't already know.
more than 1 percent of people questioned in a survey returned to say that they didn’t know much about tax credits.
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more than 1 percent of people questioned in a survey returned to say that they didn’t know much about tax credits .
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