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Politics : Right Wing Extremist Thread -- Ignore unavailable to you. Want to Upgrade?


To: dave rose who wrote (8263)5/10/2001 8:22:26 PM
From: Ish  Respond to of 59480
 
<<How do you feel about children as deductions on the income tax? This is a form of subsidization is it not? >>

I can see that. Same as the parental deduction. Now an unmarried woman who won't name the father who gets housing, food and enough benefits to buy crack....



To: dave rose who wrote (8263)5/10/2001 9:20:23 PM
From: RON BL  Respond to of 59480
 
How do you feel about children as deductions on the income tax? This is a form of subsidization is it not?

Personally I think we should pay taxes for the necessary few functions the government should perform. Then the deduction would be moot. However there is a difference between a tax paying person getting some relief from an already burdensome system for raising children and a person who isn't paying any taxes and is a compleat leech on society.



To: dave rose who wrote (8263)5/10/2001 9:22:33 PM
From: RON BL  Read Replies (2) | Respond to of 59480
 
One more point. In the one case we are talking about the person who is paying taxes and getting back some of his or her money. In the other case we are talking about someone who does nothing getting something from an other person.



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