Wednesday, September 23, 2009

Would this be crazy?

      The current per child tax credit in the US is $1000 per child, set to reduce to $500 per child next year. The current system just sets people up to have too many kids, rather than help raise them, since even $1000/year is a drop in the bucket next to the cost of raising a child. How about instead of simply dropping it, we change it:

For a couple:
$1000/year for one child (the same as this year)
$500/year for a second child (75% total of this year's system, or 150% of next year's system)
$0/year for a third (50% total of this year, or 100% of next year)
$-500/year for a fourth child, bringing it back down to the credit for one)
$-1000/year for a fifth child (bringing it to 0)
$-2000/year for a sixth child (you would owe MORE taxes for having so many children)
$-1000/year for each additional


For a single parent:
$2000/year for the first
$0 for the second
$-1000/year for the third and subsequent

     The extra revenue goes to schools, WIC programs (which will be expanded to single fathers,) and other community programs for kids.

     This way having a responsible number of children is encouraged, while having more is discouraged. The one child policy china had wouldn't really work here; it's too communist. This is capitalist at its very core, and would go a lot farther to help disadvantaged kids, while making it so there are fewer of them.

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