Quote:
Originally Posted by classicman
I pay far more than I ever get back. I have never gotten back more than I have paid in. Furthermore, the deductions I get for having children do not even remotely cover the actual costs associated with raising, caring for & educating them.
What am I missing here?
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You must not be doing your taxes right, then. A single parent with what, 2 or 3 deductions, will get more money back than paid in due to EIC and additional child tax credit.
To play debil's advocate (and I get so tired of saying this) I KNOW it costs money to raise children. I didn't get you, or your ex, pregnant. I didn't participate in the coitus, had nothing to do with YOUR sperm or HER egg, and wasn't even invited into the delivery room.
I assure you my TOTAL. TAX. LIABILITY. is not in the negative range. I've seen about 20 tax forms so far today. There was one single person, one married couple...the rest all made a profit on their taxes.
I think we should change the system to an "adopt a family" system. I'll just write my tax payment check out to a family of my choosing every year. I'd feel better.