Respuesta :
The statement is true: One existing government program that works much like a negative income tax is the earned income tax credit.
What is The Earned Income Tax Credit (EITC) ?
Earned Income Tax Credit (EITC) is a tax credit that could lessen your federal tax liability or give you money back at tax time. No matter if you're single, married, or have kids, you are still eligible for the credit. The primary prerequisite is that you must have a job that pays money.
You must have worked and earned less than $57,414 in order to be eligible for the EITC. One must have investment income that is less than $10,000 in 2021. Possess a valid Social Security number by the time your 2021 tax return is due (including extensions). If you want to see whether you've claimed one or both of the credits, check your 1040 form. The EIC line 27a and ACTC line 28 will carry it.
To know more about income tax:
https://brainly.com/question/17075354
#SPJ4
