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April 10th, 2013 By German Lopez | News | Posted In: News, Budget, Taxes

Interactive Map: State Earned Income Tax Credit

Policy Matters Ohio releases county-by-county map detailing tax credit

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As part of an effort supporting a state earned income tax credit (EITC), Policy Matters Ohio unveiled an interactive map today that shows the potential benefits to taxpayers in different counties.

For Hamilton County, about 19 percent of tax-filing households would qualify for the program. A 10-percent EITC would return about $15.6 million to households in Hamilton County, or about $225 on average for each qualifying filer. A 20-percent EITC would return about $31.2 million to Hamilton County, with each qualifying filer getting about $451 on average.

EITC is a tax credit that goes to working families, typically favoring low- and middle-income earners with children. It is already used by the federal government and several states to progressively reward employment.

CityBeat previously covered Policy Matter's efforts and how EITC could replace Gov. John Kasich's tax proposals, which would expand the sales tax and cut income taxes by 20 percent across the board, here.

Since then, Ohio House Republicans have rejected most of Kasich's tax proposals, instead downsizing the plan to a 7-percent across-the-board tax cut with no sales tax expansion.

Here is the interactive map, courtesy of Policy Matters:


 
 
 
 
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