Quote Originally Posted by waterdog101 View Post
for anyone that reads these forum post, and are in the low income bracket, or knows someone in this bracket. tell them to check into this. the average person gets, a little over 2000.00 this could mean a lot to a young family.
Ky. gov urges low-wage earners to apply for credit - Yahoo! Finance
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The earned income credit does turn out to be a win-fall for some low income earners with kids but for the life of me I don't understand why we give this credit, not sure what it cost in tax dollars and from what I have seen of it, the folks who get it for the most part just wizz it away, it seems to serve very little purpose, folks who get it buy video games, new cell phones and every other kind of toy with it... I know several people who get this credit and know of very little practical use it serves.