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#451: Why Some People Love Tax Day

#451: Why Some People Love Tax Day

Planet Money vor 12 Jahren

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Note: Today's show is a rerun. It originally ran in April 2013. In 2012, a federal program took about $60 billion from wealthier Americans and gave it to millions of 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 huge, 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.