July 31, 2014

Maryland Center on Economic Policy: Recent EITC Expansion in MD will Make Taxes More Fair, Reduce Inequality

ITEP Work in Action

Working Marylanders with the lowest earnings will pay slightly less of their income in taxes — 9.9 percent compared to 10.1 percent now – once the expansion of the state’s Earned Income Tax Credit is fully phased in, according to a new study.

That’s a small change, and the top 1 percent of income earners in Maryland will still pay a lower percentage of their income in taxes than everyone else. Nonetheless, it is a move in the right direction that will make it a little easier for low-income working families to make ends meet.

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