....... They want to raise taxes because they feel they aren't getting the revenue, spending aside which has been out of hand for years, because of the amount of deductions some people/corporations can claim. There is no need to raise taxes. Flat tax at a low % with zero deductions would increase revenue. No chit, some people would in effect pay more than what they pay now, its not the point.... The point is a fair flat % based on ones income with no way for person X to pay more than person Y simply because of deductions even though person x and y are in the same bracket.... .................
Take Martin for example. I remember him saying he doesn't have kids. Now, if me and martin were in the same tax bracket, Martin pays more taxes than me because I have kids.. How is that fair? I choose to have kids. Therefore it is MY responsibility to care for them....not the government. Or maybe Martin has a small business but b/c it is in industry X, he gets a huge tax break and b/c my small business is not in industry X, I pay more in taxes... This is the type of chit I am talking about. There is no fairness, it is simply governed by politicians, ON BOTH SIDES, who ends up getting hooked up in getting out of taxes.....
Shallow martinian thinking. Nothing is vague about the existence of a balance point. The challenge is to find a way to determine it by logical factors. To do this we must be able to talk about abstract concepts, not to deem "pointless" all things that you do not understand, seems difficult, or does not fit your agenda. You will never be an innovator if you cannot embrace abstract thought, my friend.
I think the logic behind it is because you have children, you are better for the economy because you have to spend money on those kids. But, getting a tax break kinda nullifies that even though what you get back is a drop in the bucket compared to what they cost. I don't know though, I agree with 123 and Red, (sorry fellas, may sting your reputation a bit, lol) Now I read somewhere that 830 million dollars was cut from WIC. Also a drop in the bucket compared to what we owe, but I like this program. You get cheese and cereal, and formula with this program. It pretty much gives the children things they need, whereas food stamps and other forms of government aid, people can abuse them alot easier, trade food stamp cards for drugs, and cash. I would rather see it tougher to get food stamps than WIC.
No getting the tax break amplifies that. This gives parents a bit more income to save, or spend. Both of those things are awesome for the economy. Taxes are terrible for the economy. The reasoning behind allowing more credits/exemptions for returns with children is that it takes more money to support multiple people that it does 1 person. The less the government takes in taxes from filers with children the more likely the families will be self supporting. The second is that children are huge asset to society. They provide a going concern (i.e. the ability to continue) for society. Old dudes like Red and Sabanfan need people to keep having kids so they can collect their pension benefits and social security. And it isn't like the breaks are all that lucrative. I will gladly trade the dependent deduction I get for my kids to anyone who is willing to cover 51% of the expenses associated with the kids.
And this is acceptable to me, it's just that the credits are so generous as to allow middle class people with high salaries to pay no taxes at all if they have two or more kids. That seems excessive.
I actually agree with this to an extent. But I don't think people with high salaries are paying no tax. Maybe 50k-60k but if you make 90k-100k you are paying taxes even with two kids and a mortgage.
So you're saying the government should spend money supporting people who contribute nothing but penalize those who work and pay taxes while trying to raise their families on their own.
This is a tough one for me. It's hard to toe the line between taking care of kids, which we should always do, and creating incentive to have babies to women who don't have the means. I'm not familiar with the WIC program but we have to take care of kids no matter what. Health care, food, shelter, etc. However, I don't believe those programs are run efficiently.
