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Higher income earners’ children are more valuable to our nation?

Discussion in 'Economics, Business, and Taxes' started by Supposn, Feb 2, 2015.

  1. Supposn

    Supposn Council Member

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    Higher income earners’ children are more valuable to our nation?

    Regulations determine the values of higher income earners’ children are of greater (than lesser earners’ children) to our nation.

    Income tax payers are generally entitled to a $3900 reduction from their taxable incomes for themselves and each of their dependents.

    Proponents of our current practice believe this policy properly rewards payers of greater taxes more than the per capita benefits for those in the lower income brackets.

    I’m among proponents for the actual value of our per capita income tax considerations not being completely dependent upon the taxpayers’ income brackets. A taxpayer’s dependent children or parent should be uniformly valued to our nation without regard to the taxpayers’ income brackets or the purchasing powers of the U.S. dollar during the taxable year.

    We propose the per capita be a uniform amount of tax credits rather than deductions from taxable incomes. Initially that amount should be a revenue neutral amount. After the change’s enactment, that amount should be annually reviewed and when necessary adjusted to comply with the variable federal cost-price index.

    Our nation should value every income taxpayer’s dependent child without regard to the taxpayers’ income brackets or the current purchasing power of the U.S. dollar.

    Respectfully, Supposn
     

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