Taxing SAHM's
Thursday, August 28, 2008
A certain presidential candidate wants to tax the rich, to help pay for universal healthcare.

He defines "rich" as a family making more than $100k per year. Essentially, that's two people making average salaries - $50k each.

It's also essentially a tax on SAHM's. How so? Two income families can change their filing. They can file "married filing separately". Their household will bring in $100k, but they will pay taxes on two $50k salaries.

A family with a SAHM can't do that. They rely on one income, and must pay taxes on $100k. They will pay more taxes than the two income family, even though the actual money put into the bank is the same.

Tell me how that's fair?

Meanwhile, he will expand tax credits for working families with childcare expenses. Will the mothers who care for their own children get a tax credit? No, they'll pay higher taxes. In fact, his website proclaims over, and over again that Obama (who else would it be?) will help make daycare better (while ignoring families struggling to keep their children out of daycare.)

Barack Obama will reform the Child and Dependent Care Tax Credit by making it refundable and allowing low-income families to receive up to a 50 percent credit for their child care expenses.

... provide affordable and high-quality child care that will promote child development and ease the burden on working families;

Obama has introduced a comprehensive "Zero to Five" plan to provide critical supports to young children and their parents by investing $10 billion per year
Many families need to have two working parents out of necessity. However, being a stay at home mother, and caring for one's own children, is not a luxury item. It is the "default" of our people, the baseline. Children being cared for by institutions should be the exception, not the standard. Our children deserve better.

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posted by Milehimama @ Mama Says at 8/28/2008 08:09:00 AM | Permalink | |