Opinions

Reparations Must Include the Costs of Predatory Lending

     “Although in some respects racial equality has improved in the intervening years,” states the report, “in other respects today’s Black citizens remain sharply disadvantaged in the criminal justice system, as well as in neighborhood resources, employment, and education, in ways that seem barely distinguishable from those of 1968.”  […]

Business

Earned Income Tax Credit Reduces Taxes for Low- and Moderate-Income Wage Earners

The EITC was implemented as a way to offset the impact of Social Security taxes on low to moderate taxpayers and to provide them with an incentive to work. The credit can be worth up to $6,431 for 2018 and up to $6,577 in 2019 for families with three or more qualifying children. For taxpayers with two qualifying children, the maximum credit this year is $5,828. The maximum credit for one qualifying child is $3,526. […]