Monday numbers

Monday numbers

3—number of states that adopted new state Earned Income Tax Credits in 2017—Montana, Hawaii, and South Carolina (“State EITC Wins Help Spread Prosperity,” Off the Charts Blog, Center on Budget and Policy Priorities, August 10, 2017)

80,000—number of low and moderate income families in Montana who will benefit from a new state refundable EITC (Ibid)

124,000—number of low and moderate income families in South Carolina who will benefit from a new state EITC (Ibid)

3—number of states that expanded existing state EITCs in 2017—California, Illinois and Minnesota (Ibid)

2—number of states that took steps in 2017 to ensure that more eligible workers could claim their state credits—Massachusetts and Oregon (Ibid)

30—total number of states, including the District of Columbia, that currently have a state EITC (Ibid)

10—number of years since North Carolina created a state EITC to help low-wage workers (“NC Says Good-Bye To Earned Income Tax Credit, Only State To Do So In 30 Years,” WUNC, March 15, 2014)

4—number of years since North Carolina allowed its state EITC to end in 2013 (“States Can Adopt or Expand Earned Income Tax Credits to Build a Stronger Future Economy,” Center on Budget and Policy Priorities, January 19, 2016)

0—number of other states with a state EITC that have allowed it to expire in the last 30 years (“BTC BRIEF: First in Flight from the EITC – Low-Income Working Families Bid Farewell to NC’s Earned Income Tax Credit, N.C. Budget & Tax Center, March 2014)

22—percentage of North Carolina filing tax returns that claimed a federal EITC in 2014, the latest year for which data is available (“States Can Adopt or Expand Earned Income Tax Credits to Build a Stronger Future Economy,” Center on Budget and Policy Priorities, January 19, 2016)

14—number of counties in North Carolina that had at least one-third of taxpayers claiming the federal credit (Ibid)

43—number of counties in North Carolina that had at least one-fourth of taxpayers claiming the federal credit (Ibid)

22,000—amount in dollars of the total tax cut received since 2013 by the people in the top one percent of income earners in North Carolina, people who earn more than $492,000 a year (“New Budget, Same Missed Opportunities for North Carolina,” N.C. Budget & Tax Center, July 2017)

1,000,000—amount in dollars of the average annual income of the top one percent of taxpayers in North Carolina (Ibid)

907,000—estimated number of low-wage workers in North Carolina that had claimed the state EITC (“BTC BRIEF: First in Flight from the EITC – Low-Income Working Families Bid Farewell to NC’s Earned Income Tax Credit, N.C. Budget & Tax Center, March 2014)

1.2 million—estimated number of children in families in North Carolina that benefited from the state EITC each year (Ibid)

119—amount in dollars of the average credit received by state EITC recipients in 2012 (Ibid)

64,000—number of military families that benefited from the state EITC in 2011 (“64,000 North Carolina Military Families Set to Lose EITC, Experience Tax Increase, N.C. Budget & Tax Center, July 2013)

42—number of years since the creation of a federal Earned Income Tax Credit (EITC) to help low-wage workers (Prosperity Watch (Issue 69, No. 4: The Earned Income Tax Credit delivers a bottom-up tax cut to working families in every county,” N.C. Budget & Tax Center, January 30, 2017)

30—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)

About the author

Chris Fitzsimon, Founder and Executive Director of N.C. Policy Watch, writes the Fitzsimon File, delivers a radio commentary broadcast on WRAL-FM and hosts "News and Views," a weekly radio news magazine that airs on multiple stations across North Carolina.
chris@ncpolicywatch.com
919-861-2066