Jan 22, 2009
Tax Time!
Everyone’s favorite time of year! (Well, everyone who’s an accountant who makes the bulk of their income at this time of year, at least.)
There’s a comment thread on the MSN Money discussion boards about “The Most Ridiculous Tax You Pay.” Here’s mine –
The most ridiculous tax I pay is subsidizing other people’s children (in the form of NOT getting tax credits that couples with children are entitled to) because we choose not to have any. We give up a greater percentage of our income because we can’t claim all the same deductions and credits. That, of course, doesn’t even begin to account for all of my tax money that goes to public schools, children’s healthcare programs, etc. etc. etc..
Is that fair?
Basically these tax credits keep families which are falling behind everyone else financially because they’re supporting children from being taxed further.