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February 11, 2012

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Marion
1.

Amy, Thank you so much for catching my error!! I am missing a decimal point. which of course means that my number is an order of magnitude off. One source is the IRS web site here http://www.irs.gov/individuals/article/0,,id=177571,00.html
The following sentence is taken from an IRS press release here. http://www.irs.gov/newsroom/article/0,,id=252983,00.html
"In tax year 2010, almost 26.8 million eligible workers and families received over $59.5 billion total in EITC. The average EITC amount last year was around $2,200."
again thank you for noticing my error. I have corrected the post.
Marion

Amy
2.

Marion - I'm having a hard time getting my head around your number. Could you give a reliable source for the final statement in particular, "268 million tax payers"?

I don't know if my source is accurate (or does it have a political agenda and a motivation to warp the data?), but I see one reference (attributed to the IRS) that says there were 138 million federal tax returns filed in 2009. So I'm having a hard time figuring out how you get 268 million payers who are getting an EIC - that's almost twice as many people as the number of returns filed. I got that number here: http://www.taxfoundation.org/news/show/250.html#table2
Maybe that site is wrong, but given that the population of the US is about 313 million, 138 tax returns seems to be in the right ball park, whereas 268 million tax payers receiving an EIC just seems impossible. Did you have a typo, or did your source have a typo?

Amy

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