![]() Category B is for children born to a married woman over the age of 30 or under the age of 20 for which a dependency allowance (say $2,000) is provided. A child born out of wedlock is in category A, for which no dependence allowance is provided. If the birth of illegitimate children to teen-agers is undesirable, but birth to a 25-year-old married mother is desirable, why do we treat both births the same for tax purposes? We should change tax laws to encourage childbearing within marriage.įor example, classify each child into one of three categories for tax purposes. The quality of family life had declined as illegitimate births have risen. Moreover, a modest flat-rate credit doesnt address the growing birth dearth in younger families.įrom 1970 to 1993, the number of babies born to married mothers under the age of 30 fell by 40 percent, while teen-age illegitimate births rose 84 percent and the number of babies born to those over 30 almost doubled. While well-intentioned, this approach fails to recognize a fundamental reality: some childbearing is morally and even economically better than others. What to do? Recently, some congressmen have supported a modest child tax credit. The modern American state, in short, bears much blame for the precarious economic condition of traditional families. A marriage tax imposes a higher tax burden on married couples. Child care credits provide incentives to turn children over to strangers. The pro-family dependence deduction was badly eroded by inflation until indexing began in the mid-1980s. Many current tax policies are anti-family. Single Issues of The Independent Review.Podcast: Independent Outlook / Conversations.International Economics and Development.
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