“If you and I make the same income should you pay less taxes than me?”
Income is not the only factor.
Other factors include marital status, charitable giving, number of dependents, and many other potential deductions.
Child-related deductions and credits are not means tested. That is, anyone can get them, no matter how much they make.
So, if you want to get get tax credits and deductions for children, have some or go adopt some. Do you part to contribute to the future of civilization.
By the way, it costs about a quarter of a million dollars on average to raise a child in the USA today. These credits do not even scratch the surface in offsetting the costs of being a parent. This is not welfare. Raising children is an essential function to society.
Another nice diatribe.
I did not ask you for a review of the US Income tax code. I ask a simple question that kind that boggles the liberal, I want special treatment. mind.
You still have not answered the question. I didn’t not ask what are the taxes we pay given the current tax code. Are you saying that unless I give in all of the politically correct proscribed ways I should pay more taxes than someone who does? The emphasis here is on SHOULD.
You believe you should be paid for rendering an essential function to society. Well so does every welfare queen in the US. Have babies get money.
Tax credits for children - thats’ all well and good, unless those credits more than just offset some of your taxes PAID - but instead result in you getting a check (”refund”) of money you never paid in. Tax credits should never be “refundable” - If we are going to have them, they should simply offset taxes owed/paid in. EXAMPLE:
Lets say your total taxable income for the year results in a tax paid or owed of $11,000
You have 3 dependent children - at now $1400 per child = $4200. So deduct that 4200 from 11000 = $6200 for your tax bill. If you already paid in more than the 6200, then great - you should have the difference refunded.
Lets say you are “low income” and your taxable income results in a tax owed or paid of $500. Tax credit for 3 children is 4200. That should wipe out the 500 tax owed (or paid) and therefore result in a total tax burden of $0.