Dispelling the GOP Talking Point regarding Raising Taxes on the Rich
Hedi Harris, a Las Vegas Talk Show Host used her time on the Ed Show on MSNBC to proclaim that this taxing the rich campaign was unfair because people who pay no income taxes could still get the earned income tax credit. It was then that it occurred to me, the real meaning of this talking point for all those of the same mind as Ms. Harris. After doing a little research and using my own personal experience, I decided that it was time to try and dispel this rumor. The earned income tax credit was designed for those that don’t earn a high income and mostly for the low to moderate income bracket. What that really means is earned income credit is just what it says. If you do not have any earned income for that year and meet the minim gross income amount, you will not be able to get this credit. In other words, no earned income, no credit. Now we all know that if you can take this credit, you must have earned some money during the year from which...