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Started By
Message
Idea for Child Tax Deductions
Posted on 3/28/17 at 5:05 pm
Posted on 3/28/17 at 5:05 pm
Our Current System seems to be aimed at providing a monetary incentive for poor people to procreate and for successful people to not.
Instead of a set dollar amount deduction or a "credit" for every child why not a system that exempts your income (or portions of it) from taxes?
1 Child 15% of your income is tax free
2 Children 30% of your income is tax free
3 Children 50% of your income is tax free
4 Children 75% of your income is tax free
5 or more and 90% of your income is tax free
We could even cap it at the first $1,000,000 so that it doesn't just "help the rich"
Instead of a set dollar amount deduction or a "credit" for every child why not a system that exempts your income (or portions of it) from taxes?
1 Child 15% of your income is tax free
2 Children 30% of your income is tax free
3 Children 50% of your income is tax free
4 Children 75% of your income is tax free
5 or more and 90% of your income is tax free
We could even cap it at the first $1,000,000 so that it doesn't just "help the rich"
8
Posted on 3/28/17 at 5:06 pm to BlueFalcon
quote:
5 or more and 90% of your income is tax free
This post was edited on 3/28/17 at 5:09 pm
Posted on 3/28/17 at 5:07 pm to BlueFalcon
Why can't the exemptions just decrease with each child? Seems simpler?
Posted on 3/28/17 at 5:07 pm to BlueFalcon
Because the goal isn't to have white people reproduce.
Posted on 3/28/17 at 5:08 pm to BlueFalcon
Posted on 3/28/17 at 5:08 pm to buckeye_vol
quote:
Why can't the exemptions just decrease with each child? Seems simpler?
We want to increase the birthrate for successful people
Posted on 3/28/17 at 5:08 pm to BlueFalcon
quote:deer lord you an idiot. So reward people for fricking?
Our Current System seems to be aimed at providing a monetary incentive for poor people to procreate and for successful people to not.
Instead of a set dollar amount deduction or a "credit" for every child why not a system that exempts your income (or portions of it) from taxes?
1 Child 15% of your income is tax free
2 Children 30% of your income is tax free
3 Children 50% of your income is tax free
4 Children 75% of your income is tax free
5 or more and 90% of your income is tax free
We could even cap it at the first $1,000,000 so that it doesn't just "help the rich"
Posted on 3/28/17 at 5:10 pm to BlueFalcon
quote:But I doubt tax policy can change that.
We want to increase the birthrate for successful people
Posted on 3/28/17 at 5:11 pm to AuburnTigers
quote:
deer lord you an idiot. So reward people for fricking?
We already do, we reward the wrong people, this would reward the people we actually want reproducing
Posted on 3/28/17 at 5:12 pm to BlueFalcon
quote:Just stop brah. We have personal exemptions
We already do, we reward the wrong people, this would reward the people we actually want reproducing
Posted on 3/28/17 at 5:22 pm to Rakim
quote:
Because the goal isn't to have white people reproduce.
This
Posted on 3/28/17 at 5:22 pm to BlueFalcon
Not even sure if you know that you support the FairTax yet. 
Posted on 3/28/17 at 6:04 pm to BlueFalcon
How about we just eliminate child tax credits altogether. I see no reason to reward/punish people based on their decision to have/not have children.
Posted on 3/28/17 at 6:28 pm to Raz4back
quote:
How about we just eliminate child tax credits altogether. I see no reason to reward/punish people based on their decision to have/not have children.
Because at this rate we'll be a nation populated by the 3rd World.
Until people are willing to watch people who don't want to work starve to death we need incentives for successful people to procreate
Posted on 3/28/17 at 6:48 pm to BlueFalcon
quote:
Because at this rate we'll be a nation populated by the 3rd World.
quote:Or we can just stop giving incentives altogether beyond maybe standard exemptions, child care, etc.
Until people are willing to watch people who don't want to work starve to death we need incentives for successful people to procreate
Posted on 3/28/17 at 7:23 pm to BlueFalcon
Do wealthy people qualify for the Child Tax Credit? I'm pretty sure that there's a cap on it and the wealthy don't qualify.
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