This site is intended to educate the public on broad social, political and economic issues affecting low-income families. Comments made by readers herein do not represent the views or positions of the Marguerite Casey Foundation or Equal Voice, America’s Family Story, and do not constitute a recommendation for or against any specific candidate, legislation, or legislative proposal.
Users must refrain from making or posting comments that may constitute or could be viewed as lobbying or political campaigning under the U.S. federal tax laws. In addition, users must refrain from making or posting vulgar, obscene, threatening or abusive comments on this site. The website moderator reserves the right in its sole discretion, but not the responsibility, to delete or edit any user submission to this site, and/or to bar the participation by anyone who it reasonably believes to have violated these principles. Complete rules of conduct for this site are contained in the Term of Use
Should local government help the poor save for a rainy day?
Middle-income Americans are already encouraged to save through a variety of government policies such as 401(k)’s and Individual Retirement Accounts. In addition, tax breaks on mortgages encourage home ownership as another means of saving money.
These kinds of inducements happen almost exclusively through the tax code and largely bypass the poor. The poor are less likely to own homes or have retirement accounts. And since they pay little or nothing in the way of taxes, tax breaks are not effective incentives.
Read More
No comments:
Post a Comment