You did know that right? Does this bother you, that you are receiving money from a tax payer who is more fortunate, who most likely is more educated, who may or may not even approve of our government's "redistribution of wealth"?
I'm sure for some families this EIC means that those medical bills that have been piling up, possibly in collections, will finally get paid, or the car in need of a tune-up will finally be put in the shop. For other families, it may be an undeserved trip to buy lottery tickets or a vacation. You can't put conditions on it becauses it's a gift.
But, why do we have this anyway? It's just another form of welfare. How much money wouldn't go toward our federal debt if we saved this money at least till the economy improves? Or perhaps we discontinue this tax program WHEN the economy improves. Most people understand that cutting taxes and putting more money in the hands of the lower and middle class will boost the economy.
Thoughts? Beneficial program, not beneficial, fair, not fair, keep it, do away with it?