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Politics : Right Wing Extremist Thread

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To: dave rose who wrote (8263)	5/10/2001 11:42:02 PM
From: Gordon A. Langston	Read Replies (1) of 59480

How do you feel about children as deductions on the income tax? This is a form of subsidization is it not Well for one thing it has not kept up with inflation. That means children have become more and more of a tax liability over the years. The Diminished Dependent Deduction: Dependent Deduction Hasn't Kept Up With Inflation. The personal and dependent exemptions that totaled $600 in 1950 was $2,500 in 1995. Unfortunately, had then deductions merely kept pace with inflation, they would be more than $3,800 today. In other words, these exemptions have eroded by more than $5,200 for a family of four. (Treasury Department; JEC)

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