iowa fiscal partnership snapshot: earned income tax creditiowa fiscal partnership snapshot: earned...
TRANSCRIPT
Iowa Fiscal Partnership SNAPSHOT: Earned Income Tax Credit
WhytheEITCmatterstoIowaworkingfamiliesEvenwiththeEarnedIncomeTaxCredit,Iowa’staxsystemisskewedagainstlower-incometaxpayers.Theregressiveimpactofpropertyandsalestaxescauseslow-incomeearnerstopayagreatershareoftheirmeagerincomeintax.ThesesamefamiliesbenefitfromIowa’sEITC.WhobenefitsfromtheEITCBycounty,countiesshadedingreenarebelowthestateaverage;countiesshadedinyellowareabovethestateaverage,basedonpercentageofIowaincometaxreturnsclaimingtheEITC.
EITC filers by Iowa legislative district, 2013 (latest available from IRS)
Source: Brookings Institution analysis of IRS data.