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The Growing Debt Burdens of Global South Countries: Standing in the Way of Climate and Development Goals By Ivana VasicLalovic, Lara Merling and Aileen Wu* October 2023Center for Economic and Policy
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Most low- and middle-income refers to individuals and families whose income levels fall below the median income, making them eligible for various forms of financial assistance and support.
Individuals and families within the low- and middle-income categories who meet certain tax thresholds and are required to report their income to claim benefits and credits.
Filling out forms for low- and middle-income requires providing personal financial information, income details, qualifying deductions, and any relevant claims for assistance programs.
The purpose is to ensure that individuals and families with limited financial resources can access necessary services, support programs, and tax benefits to improve their economic situation.
Information such as total annual income, household size, employment status, and any deductions or credits related to education, healthcare, and housing must be reported.
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