Tax prep agencies lure the poor into high-cost loans
Posted March 07, 2006 in Press Releases
A Little Off the Top
The Cleveland Free Times
By Charu Gupta
For as long as she can remember, Tameko Brown has been in financial straits.
The 32-year-old biochemistry stockroom manager makes about $30,000 a year.
She had her first child at age 18, and is now the single mother of four.
This qualifies her for the Earned Income Tax Credit, the anti-poverty program for families making less than $37,000.
Brown’s EITC return typically falls in the ballpark of $1,500