Do you think people who qualify for the EITC are poor?

[Anonymous]

The average U.S. salary for 2012 was $47,000. The median household income was $50,020.

A salary of $51,567 in San Francisco, California could decrease to $21,948 in Carthage, Missouri. And a salary of $51,567 in Carthage, Missouri should increase to $121,155 in San Francisco, California.

Preview of 2013 Tax Year

Earned Income and adjusted gross income (AGI) must each be less than:

    $46,227 ($51,567 married filing jointly) with three or more qualifying children
    $43,038 ($48.378 married filing jointly) with two qualifying children
    $37,870 ($43,210 married filing jointly) with one qualifying child
    $14,340 ($19,680 married filing jointly) with no qualifying children

Tax Year 2013 maximum credit:

    $6,044 with three or more qualifying children
    $5,372 with two qualifying children
    $3,250 with one qualifying child
    $487 with no qualifying children

Investment income must be $3,300 or less for the year.

[Anonymous]

Not all of them, but certainly those at the lower end.  I'm sure they would like to be making more money too. lol

[Anonymous - Original Poster]

If it makes you feel better, the numbers for 2012 were $47,162 for married with two children.

Quoting Anonymous: yes because we are poor and don't qualify for it.. We made 48,870 and the cut off was ($48.378 married filing jointly) with two qualifying children. ARE you kidding me...... UGHHHH

[Anonymous]

Here too!

Quoting Lydlou02:

Not necessarily. Those are federal numbers that don't take into account the cost of living in your area. We're quite comfortable with three kids, but still qualify for that particular credit.

[Anonymous]

No----- where I live the cost of living is very low so even with 4 kids and a combined income of 45000 a year we do very well.

[Anonymous]

No. Because we qualify for EIC and we are far from poor or struggling.

[Anonymous]

 we barely qualify for it and i dont consider us poor. feels like it sometimes lol but we are def not poor. especially were i live.

[SunshneDaydream]

I can't believe how many people say yes.  I just barely qualify (around $42k with 2 kids) and we are in no way struggling.  We're not as comfortable as we were before hubby went to grad school full time, but I do not consider us poor.  

[Anonymous]

By who's standards????
I have a Family of 6 and a yearly income of 45000 we are not in debt have health coverage through dhs job own 2 nice vehicles that are paid in full and will be buying our first home next year with cash from our savings. Our children are well clothed and very well feed.


We consider ourselves better off then someone with 100000 a year income and heavily in debt.

Quoting Anonymous:

yes.

50 grand for a family of 5.. thats poor

[Anonymous]

we only had one child last year so we didn't qualify then either. lol

Quoting Anonymous:

If it makes you feel better, the numbers for 2012 were $47,162 for married with two children.

Quoting Anonymous: yes because we are poor and don't qualify for it.. We made 48,870 and the cut off was ($48.378 married filing jointly) with two qualifying children. ARE you kidding me...... UGHHHH

[Anonymous]

Quoting Sept-babies2:

no. We qualify and we don't struggle. I don't consider us poor. Maybe it is where we live.

Where do you live?  Do you own property?