New Tax Credit Could End Poverty For US Workers And Boost the Middle Class [Forbes]
United Parcel Service, Inc. (UPS)
Last united parcel service, inc. earnings: 4/28 07:00 am
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Source: Forbes
New Tax Credit Could End Poverty For US Workers And Boost the Middle Class A worker carries a package to a conveyor belt at the United Parcel Service Inc. (UPS) Utah Regional Hub in Salt Lake City. Photographer: Kim Raff/Bloomberg © 2019 Bloomberg Finance LP In a new paper child tax credit The UEITC effectively would end poverty among the working poor. It would increase incomes for single people working full-time at the current minimum wage from about $14,000 to $24,000. It would boost incomes for a couple working full-time at the current minimum wage to $48,000. Thus, even at the lowest rungs of the economy, a two-earner couple could attain a middle-class income. Families with children would get the additional supplement of the expanded child credit. The maximum UEITC would be indexed to changes in GDP (instead of being indexed to changes in the price levels). So, if the economy grew by 5 percent, the maximum credit would increase to $10,500. For the first time since the 1980s, worki
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UPS
Earnings
- 4/23/24 - Beat
UPS
Sec Filings
- 5/6/24 - Form 8-K
- 5/3/24 - Form 10-Q
- 5/3/24 - Form 4
- UPS's page on the SEC website