Personally, I am glad to see this. I know someone who adopted two Russian children. He received a tremendous tax credit of over $15,000 for each! That’s a pure tax credit and it covered the entire cost plus some!
Russian orphans are abused, neglected, and severely marginalized in Russia. The ones that make it here, like my nieces, are given a chance. But I guess that’s not your problem, just as long as people aren’t getting tax breaks you don’t think they deserve.
Is the tax credit your sole objection?
I had a lengthy conversation a few months ago with a woman who flies over there annually and spends time with orphans; the conditions are not very good for them. Offhand, I can’t think of the name of the organization that sponsors her trips, but it’s probably about to be blacklisted.
I met the woman because she’s a volunteer paramedic. She speaks Russian, and I believe she had started the process of adopting a child. I’m sure she’s not out to game the system and make off with taxpayer dollars. She is, of course, just one person that I happen to have met and does not represent the entire population.
Wow. When my husband and I were looking at this the tax credits (of the money that belonged to us originally!) were not nearly enough to cover all of the expenses. The base expense for Russian adoption was $25,000 and the tax credit (to get back what the government has taken from me!) was $10,000. That was six years ago. Luckily I got pregnant so we didn’t go through with it.
The Russians are known to prevericate extensively when asked about the health of those seemingly normal children.
I haven't filed yet for 2012 but the maximum tax credit is $13,170 per child, I adopted two. Note, that is the max, I may only take credit for adoption expenses. I did not spend that much, so do not get the max. "Special needs children" are excepted. The whole thing is being phased out after 2012.
The tax credit applies to both domestic and international adoption. Sure, it is subsidizing someone’s choice to be a parent - just like group insurance underwriting the costs attendant to childbirth.
The tax credit applies to both domestic and international adoption. Sure, it is subsidizing someone’s choice to be a parent - just like group insurance underwriting the costs attendant to childbirth.
Unless you think ALL money ultimately belongs to the government. In that case, all the money you have and spend, amounts to "us" "subsidizing" your lifestyle, because we "let" you keep it and spend it.
?
Note: that's not what I believe.