Home > Impact of the Earned Income Tax Credit: A Simulation of Tax Year 1976
Impact of the Earned Income Tax Credit: A Simulation of Tax Year 1976
Carlin, Thomas A.
According to this simulation analysis of the 1976 tax year, families residing in the South would receive over 43 percent of benefits from the earned income tax credit, a refundable tax credit enacted into law as part of the Tax Reduction Act of 1975. It was assumed in the simulation that the tax credit would be in effect throughout the 1976 tax year. About 34 percent would go to families in rural areas and almost 7 percent to farm families. About 18 percent of the benefits would accrue to families with incomes under $4,000, 56 percent to families with incomes between $4,000 and $8,000, and the rest to families with incomes over $8,000.
Earned income tax credit ; Federal income tax ; Nonmetro families ; Rural families ; Farm families
Consumer/Household Economics
Research Methods/ Statistical Methods
DOI and Other Identifiers:
10.22004/ag.econ.307582
Record Identifier:
https://ageconsearch.umn.edu/record/307582
Total Pages:
Agricultural Economic Report No. 336
Record appears in:
United States Department of Agriculture (USDA) > Economic Research Service > Agricultural Economic Reports
Fulltext: aer336 - PDF;
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