tailieunhanh - Internal Revenue Service - New Markets Tax Credit

The EITC was established amid the political debate over the NIT that occurred in the 1960s and 1970s. The NIT held great promise to the early designers of the war on poverty since it would solve the difficult integration issues that arise with categorical antipoverty programs—the need for bu- reaucracies to administer and enforce eligibility and benefit rules and the need to mitigate potentially high marginal tax rates that recipients face as earnings increase. Partly for these reasons, in 1966 an NIT was the cap- stone of the Office of Economic Opportunity’s (the federal agency in charge of conducting the war on poverty) plan to eradicate poverty | Internal Revenue Service New Markets Tax Credit Under no circumstances should the contents of this guide be used or cited as authority for setting or sustaining a technical position. SIRS Department of the Treasury Internal Revenue Service LMSB-04-0510-016 May 2010 Internal Revenue Service Mission Provide America s taxpayers top quality service by helping them understand and meet their tax responsibilities and by applying the tax law with integrity and fairness to all. Department of the Treasury Internal Revenue Service Document Catalog Number Ten Core Ethical Principles Honesty Integrity Principled Promise-Keeping Loyalty Fairness Caring and Concern for Others Respect for Others Civic Duty Pursuit of Excellence Personal Responsibility Accountability The Five Principles of Public Service Ethics Public Interest Objective Judgment Accountability Democratic Leadership Respectability Used by permission of the Michael and Edna Josephson Institute of .