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People in the US are taxed for _not_ having babies and no one is taking to the streets over it. If you have a child, you get a tax deduction (or credit? I forg
by MichaelApproved 8y ago
People in the US are taxed for _not_ having babies and no one is taking to the streets over it.
If you have a child, you get a tax deduction (or credit? I forget). That is effectively the same as a tax for not having a baby.
Someone with a child pays less taxes than someone without.
- imustbeevil 8y agoThat's like saying getting paid is a tax on unemployed people.
- deleted 8y ago[deleted]
- 300bps 8y agoIf you have a child, you get a tax deduction (or credit? I forget). It’s both actually! I get a deduction for each of my kids. Many people also get a tax credit of $1,000 for each of their children. I don’t qualify because of having too high of an income. https://www.irs.gov/newsroom/ten-facts-about-the-child-tax-credit https://www.irs.gov/newsroom/ten-facts-about-the-child-tax-c...
- humanrebar 8y agoThe logic is that parents bear an outsized cost for providing an essential social good: the next generation. When we are old, we will need taxpayers to pay social security, well trained healthcare workers, emergency personnel, maintained roads, etc. Parenting is also especially expensive: child care, safety equipment, larger homes, larger vehicles, etc. Without getting in the weeds on putting a better dollar figure on it, that's the case for subsidizing families.
- yostrovs 8y agoThe "next generation" saves its own money and uses it as it likes, or rather indebts itself even further than the current. It's not necessary that the next generation will lead to a greater good. And regardless, most people will have children because that's just what animals do, mostly regardless of political considerations.