Mitrusi, Andrew; Poterba, James M. - 2021
income tax burden was quite similar to what it would have been if the 1979 income and payroll tax laws had remained in force … changed, however. As a result of the expansion of the Earned Income Tax Credit in the late 1980s and early 1990s, as well as … other changes in the federal personal income tax, payroll tax liabilities now exceed income tax liabilities for nearly two …