Table 1
Parameters of the EITC, 2012
| No children | One child | Two children | Three children | |
|---|---|---|---|---|
| Maximum credit | $475 | $3,169 | $5,236 | $5,891 |
| Credit rate | 7.65% | 34% | 40% | 45% |
| Phase-out rate | 7.65% | 15.98% | 21.06% | 21.06% |
| Income where EITC=0 | ||||
| Single | $13,980 | $36,920 | $41,952 | $45,060 |
| Married | $19,190 | $42,130 | $47,162 | $50,270 |
Source: Internal Revenue Service (2011)
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