For those with children, $48k and less

Discussion in 'Current Events' started by Care4all, Feb 14, 2010.

  1. Care4all
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    Care4all Warrior Princess Supporting Member

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    EVERY day, at least 10 times a day, an ad has been running on tv, for people making less than $48k a year to please remember to file for the Earned Income Credit....

    the hubby and i have no children and earn literally nothing so i thought i would see if we, for a change, would qualify for a tax credit of any sort...i mean, we brought in less than half of that $48k one can make and still get an EIC credit if they have a child?

    BUTTTTTTTTT, don't qualify for the credit if a childless couple makes more than $20, 500...the couple with a child can get a tax break while income is $48k, the couple without $20.5k is the cutoff????????? IS that really fair?

    does it really cost each couple with a child, $28, 000 A YEAR more than the couple without a child?

    anyway....you lucky dogs with children, don't forget to see if you qualify for this credit!
     
  2. goldcatt
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    goldcatt Catch me if you can! Supporting Member

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    $28,000 a year more to raise child? Kids are expensive, but not that expensive. Or at least, they don't have to be and shouldn't be.
     
  3. JenyEliza
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    JenyEliza Princess of Rhetoric

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    You obviously have not ever tried to feed, clothe and raise a child.

    It is VERY expensive, even if you clip coupons, shop thrift, don't enroll them in tons of extracurricular activities etc.

    When my twins were in daycare, I was paying $1,200/month for the two of them. I also had a mortgage to pay, food to buy, etc etc.

    Currently my twin teenagers are eating us out of house and home and outgrowing their clothes at alarming rates.

    Yes. It really DOES cost that much to raise children.

    Have one and find out for yourself---you go girl, get that EIC.
     
  4. Douger
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    Douger BANNED

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    I can get you a 3 year old Haitian male, with recent vaccines, for $150.:tongue:
     
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  5. Vel
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    Vel Gold Member

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    Yes, children are very expensive but, why should childless couples be required to subsidize someone else's desire to procreate?
     
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  6. MIPS
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    MIPS Active Member

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    Welcome to the progressive system income taxation.
     
  7. Care4all
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    Care4all Warrior Princess Supporting Member

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    does 1 child really cost you $ 28,000 MORE a YEAR, IN ADDITION to what it takes for you and your partner to survive? I think the answer is probably NO, it does NOT cost 28k a year EXTRA to support a child...

    Honestly?28K more a year for ONE CHILD, yet 90 million americans with families make less than 21k a year, as another thread pointed out?

    And my husband and I did NOT CHOOSE to not have children together, we have been UNABLE to have children together, we/I am barren...not by choice.... but should we be punished with higher taxes for it, while someone making double the money we live off of get a several thousand dollar tax credit for the SS taxes they paid in, via the EIC credit, just because they have a child?

    Sorry....i have been working on our tax return....i hate doing them...it makes me a sour puss...:(

    care
     
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  8. dilloduck
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    dilloduck Diamond Member

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    Take a hike--you'll feel better:lol:
     
  9. goldcatt
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    goldcatt Catch me if you can! Supporting Member

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    No Care, you're right. Even when I had twins in daycare, it still didn't come out to an extra $2,333 per month above what I would have had to fork out to keep up a household without them. For the two combined.

    And now that they're in school, it's even less. I can see how a child "can" cost that much to raise, especially if you send them to private schools. :eek: But that's a choice, not necessitiy.
     
  10. Ringel05
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    Ringel05 Diamond Member

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    I'm easily that expensive, annually, and I'm a perpetual kid.
    (Now my wife on the other hand.... Good thing we make enough money. Whew!)
     

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