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#451: Why Some People Love Tax Day

#451: Why Some People Love Tax Day

Planet Money vor 13 Jahren

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Last year, a federal program took about $60 billion from wealthier Americans and gave it to the working poor. This program — a massive redistribution of wealth --has been embraced by every president from Ronald Reagan to Barack Obama.On today's show, we look at a hude, often overlooked, surprisingly interesting corner of the tax code: The Earned Income Tax Credit.For more, see our story A Surprisingly Uncontroversial Program That Gives Money To Poor People.