Ideas for Improving America
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People that are having kids are basically investing in
Wed Jan 3, 2018 4:51pm

the future of the nation. It costs more money to have kids. Many years ago the average figure that it costs to raise a kid from infant to young adult was about $100K.

A nation's future is primarily tied up in its young. Tax breaks are a nation's investment in that future. Many advanced nations today are not reproducing at replacement rates. That's true in many parts of Europe and even Japan. To survive they'll have to import younger workers from other nations that have overproduced. Nations that many times tend to be far more primitive. At some point, you no longer have your nation. It becomes someone else's nation. If you want to bequeath a way of life to your offspring, your relatives, or maybe fellow countrymen, you usually want it to be something you and your fellow citizen worked for and value.

Nations always utilize tax breaks to promote desirable behavior and tax penalties to reduce less desirable behavior. Of course you also need an equitable tax base to fund necessary government and infrastructure.

What you want makes it more difficult for the more responsible people to have kids, while the irresponsible will have them anyway. The irresponsible will need and get subsidizing from the government. They will often raising kids that follow in their footsteps. I'd say we need to promote the responsible people as much as the irresponsible.

Until we have too many kids, I think you're dead wrong concerning this aspect of taxation.

If you don't think so, imagine you're in the last 10-15 years of your life. You've saved and invested accordingly for your retirement. Your nation has reached the point where all you valued and thought was good was tossed in favor of the traditions and culture that's supplanted your own. You and everything you've worked for is also tossed out the window and at the very least you don't live near as well as you planned to. At worst, they rid themselves of you in some form because you and your ideas are no longer desired. Is it likely? Maybe not. Is it possible. Most certainly.

My guess is you don't have kids, don't plan to, and don't like the fact that someone is getting a break that you don't.

  • is that an individual probably should not be taxed out of the basic necessities... If it takes 15K a year to SURVIVE, one probably shouldn't have to pay taxes on the first 15K one makes... After... more
    • People that are having kids are basically investing in — TW, Wed Jan 3 4:51pm
    • Here we disagree. I see it PER PERSON, not per taxpayer.David F Mayer, Mon Nov 19 10:38pm
      A family of 4 would have 4 personal exemptions, and so forth. Any deviation from this "per person" rule immediately makes possible various dodges to split income, etc. The thing I really like about... more
      • No.PureStevil, Tue Nov 20 11:27am
        Allowing deductions for children removes a portion of the financial responsibility of the decision to have a child. There are plenty of people on earth. If you want to add to that, then you and you... more
        • It cannot work that way.David F Mayer, Tue Nov 20 1:32pm
          This leads to income transference. Daddy puts income producing assets into name of minor, who thereby becomes a taxpayer and creates an exemption. Besides, we need to recognize that kids cost money.... more
          • Why would we allow you to "transfer" income?Sprout, Tue Nov 20 4:21pm
            Your income is your income, and you pay taxes on ALL of it... If you LATER give some of that money to your child, that is fine. Then the child has income and must pay income taxes on ALL he gets...
            • Hoist on my own petard. I yield.David F Mayer, Tue Nov 20 9:21pm
              You are correct. This would amount to a deduction. Opening the door for JUST ONE deduction, opens it for thousands. Thanks for pointing out my error. David F Mayer
      • Why?Sprout, Tue Nov 20 10:42am
        Each tax filer pays full income tax on their own income minus THEIR OWN single exemption. Period, no way to cheat there.... Everyone who makes INCOME must file taxes and gets their own exemption. No... more
        • This is what happens. In order to add exemptions, the ownership of investment is distributed. Husband transfers stock to minor. Minor becomes a taxpayer and an exemption has been created. With tax... more
          • You miss my point....Sprout, Tue Nov 20 4:16pm
            If the father recieves INCOME, he pays taxes on it.... if he then PAYS his child with some of that POST-TAX income, that is then INCOME for the child and the child must file... If the family wants to ... more
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