Max Steele’s Analysis of Earned Income Tax Credit in the Upper Peninsula
In a new paper, NMU student and Rural Insights research contributor Max Steele looks at the unique factors of Michigan’s Upper Peninsula that vary across counties, such as wealth, income, and population, and how those factors affect the applicability of the Earned Income Tax Credit. The EITC is a refundable tax credit for low- and moderate-income workers.
“The earned income tax credit is an important one, and an incentive that can truly help people who are struggling across the UP and beyond. There are areas struggling that need assistance to relieve stressed workers and revitalize towns with several proposals floating through the state legislature to do just that. EITC is one that is efficient and where the total cost to taxpayers of the state is small, especially for the benefit it brings, especially considering the tax surplus. All in all, the earned income tax credit is an important incentive that can make a difference.”
You can read the full paper on Rural Insights here: https://ruralinsights.org/content/publications/earned-income-tax-credit-max-steeles-analysis/
Systems Control is one of the Upper Peninsula's most successful companies. In this article, Lois