June 14, 2013

North Carolina Budget & Tax Center: State EITC is the best tool to reduce an increased tax load on low-income taxpayers

ITEP Work in Action

The State Earned Income Tax Credit is the best way to make sure that low-income North Carolinians are not paying more than their fair share of taxes, while also helping low-income families stay out of poverty and create a better future for their children. Unless lawmakers reverse course, close to one million working families in North Carolina will face a tax increase beginning in tax year 2014 due to lawmakers’ decision to allow this tax credit to expire. Even with the state EITC, low-income households already pay a higher share of their income in state and local taxes than wealthy households. The EITC is the best way to right that wrong.

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