Spitballing Retirement Planning in Your 30s - 391
Your Money, Your Wealth
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Earned Income Tax Credit
When you have kids and your income is low enough, you actually get a refundable credit. So that's how he can get a credit of over $10,000 by making zero. And so he calculated that is that he's getting a 43% rate of return. But as one very smart tax advisor who I went to at seminar years ago, he said, refundable credit equals fraud.
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