2.2 Mn People In The US Are Kept Out Of Poverty Due To The Tax System

Taxes are always tricky. The impact is even more trickier. We spotted this rather surprising statistic today, that the refundable tax credit system has had a very positive impact on poverty in the US overall: an estimated 2.1 million people in the US are kept out of poverty due to this tax system (Source)

We have written about this before: the solution to world poverty is in taxes. Look at this sad statistic: if the IRS could just somehow manage to collect taxes on under-reported income, it could help end world poverty 10 times over.