Monday numbers

Monday numbers

- in Fitzsimon File

numbers520

1,000—amount in dollars of the increase in state taxes that a married couple with two children would pay under the tax plan proposed by Senate leaders (“Senate GOP debuts far-reaching tax overhaul, “Raleigh News & Observer, May 7, 2013)

6,000—amount in dollars of the decrease in state taxes that a single person earning $200,000 would pay under the tax plan proposed by Senate leaders (Ibid)

80—percentage of state taxpayers that will pay more taxes under the House tax reform plan than under the current tax system (“Preliminary Analysis of House Tax Plan, The Progressive Pulse, May 17, 2013)

35—percentage of income tax cuts that will go to people who earn an average of $940,000 under the House tax reform plan (Ibid)

13—rank of North Carolina among states in highest percentage of population living in poverty (“North Carolina’s Earned Income Tax Credit: A Modest but Vital Boost to Low-Paid Workers across the State, N.C Budget & Tax Center, February 2013)

907,000—number of low-wage workers in North Carolina who claimed the state Earned Income Tax Credit in 2011(Ibid)

5—current rate of state Earned Income Tax Credit as a percentage of the federal credit (Ibid)

0—rate of state Earned Income Tax Credit as a percentage of the federal credit after 2013 unless state lawmakers extend it (Ibid)

0—percentage of state Earned Income Tax Credit in tax reform plan proposed by Senate leaders (“NC tax overhaul plans at a glance,” WRAL.com, May 16, 2013)

0—percentage of state Earned Income Tax Credit in tax reform plan proposed by House leaders (Ibid)

6—number of years since the state EITC was created (“North Carolina’s Earned Income Tax Credit: A Modest but Vital Boost to Low-Paid Workers across the State, N.C Budget & Tax Center, February 2013)

6 million—number of people in the United States who were lifted out of poverty in 2011 by the federal EITC (“Earned Income Tax Credit,” Center on Budget and Policy Priorities)

3 million—number of people in the United States who were lifted out of poverty in 2011 by the federal EITC who were children (Ibid)

293,400—number of North Carolinians lifted above the federal poverty line by the federal EITC from 2009-2011 (“North Carolina’s Earned Income Tax Credit: A Modest but Vital Boost to Low-Paid Workers across the State,: N.C Budget & Tax Center, February 2013)

146,700—number of North Carolinians lifted above the federal poverty line by the federal EITC from 2009-2011 who were children (Ibid)

100—number of counties in North Carolina with workers who benefited from the state EITC in 2011 (Ibid)

105.2 million—amount in dollars of the value of the state EITC for low-wage workers in North Carolina in 2011 (Ibid)

27—number of years since President Ronald Reagan called the EITC “the best anti-poverty, the best pro-family, the best job creation measure to come out of Congress” (“Earned Income Tax Credit,” Center on Budget and Policy Priorities)