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I really don’t understand the earned income tax credit. I’ve watched a couple videos that give examples, and used an EITC estimate calculator and played around with the numbers a bit. It still doesn’t make sense to me. So as I understand it though, we are taking a group of people who would otherwise owe taxes according to the tax bracket they fall into, and then the EITC is basically a reverse uno card where instead of paying the IRS the money you owe, they give you money.
Wake up babe, another "a majority of poor people don't pay taxes [unless you count all or the taxes they did pay like sales, property, FICA, etc.] so it's okay that billionaires don't either" article just dropped. >

It still doesn’t add up to me. I’m expected to believe that 60% of households in 2020 (and around 40% for a normal year) have taxable income that amounts to lower than the standard deduction of $13k for an individual or $26k for a married couple? That’s bullshit because that would literally put all of those people below the poverty line. And if you google the number of American households below the poverty line it’s only 11.6%, not 40%. I mean hell, the median household income in the US is 70k now. So if 50% of Americans make more then that, then how the fuck are 40% not paying federal income tax? Also, your property tax point is kind of moot because most poor people rent and don’t own property. >

The EITC and CTC can net you a tax refund at 50k income depending on filing status and number of dependents.