Earned Income Tax Credits Extend Lifespans

September 8, 2016 Taxation in USA

tax break in UkWASHINGTON D.C. – Tax credits in the USA are helping low-incomes taxpayers extend their lifespans by nearly 3 years.

On September 7th researchers at the Columbia University’s Mailman School of Public Health released the results of new research suggesting that the Earned Income Tax Credit System (EITC) helps extend lifespans of taxpayers.

The EITC system is designed to encourage low-income taxpayers to take on more work, in a more effective manner than traditional welfare benefits.

Since its inception, the EITC system is believed to have helped lift at least 9 million taxpayers in the USA out of poverty.

According to the researchers, poverty is closely linked to low life expectancy, and any measures which help individuals and families improve their situation may result in longer lifespans.

The modelling run by the researchers in indicated that a single individual receiving EITC could see their lifespan improve by 1.6 Quality of Life Years over their working life.

Since EITC is more beneficial to families with children, an individual with three children could see their lifespan stretched out by 2.9 Quality of Life Years over their working life.

Quality of Life Years is a measure used in economic research to represent lifespans and health, with 1 Quality of Life Year representing a single calendar year at perfect health.

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