Showing posts with label Australia. Show all posts
Showing posts with label Australia. Show all posts

Friday, April 4, 2014

Blog # 8 Should childless People be taxed to help families; Chelsie Stinson 4/4/14 12:12 pm


Summary
A proposal was made to impose a heavier tax on childless families in Australia that have been making over the median household income $57,400 since 2011. The idea was suggested as way to alleviate the overwhelming financial burden of families with children in order to make for a fairer society and help bring up the next generation of taxpayers for Australia.  By taxing childless families who meet the requirement then working families with children could pay a lower tax.  This idea recently floated into the US and has become a controversial proposal. While in Australia the cost to raise two Australian children up to 21 years of age was $800,000 according to National Centre for Social and Economic Modeling last year. The article mentions how Australia’s birth rates are still way below what they need to be for replacement, family sizes are continuing to shrink, and families are being delayed because of this outrageous expense to raise children.  So the question asked was whether Australian childless families are family-friendly enough to contribute in this way to those who are burdened with children or do they continue to live out the idea that is “every man, woman and their children—and every double-income no kids unit—for themself?

Analysis
The positive spectrum of this tax on childless families is the hope that by lowering taxes on families with children it will give them more money to utilize towards child care expenses and potentially open up the opportunity for more women to enter the workplace of Australia.  There was a comparison made between those who are parents working and non-parents working who make the same income while working the same hours but how those with no kids have a more disposable income.  On the negative end of the spectrum this becomes a social issue among many non-parents who disagree with being taxed more. Non-parents may have infertility or other problems preventing them from having a family and shouldn’t be taxed more because they don’t have children as in some cases it may not be by choice.  One of the critics made by an individual said they wouldn‘t mind paying extra taxes if all the concessions and benefits currently allotted to families was eliminated like here in the US but according to the individual, by having both a tax fund supporting families and reducing tax burdens was inefficient.  It can be controversial because so many people believe that families should think twice before having kids if they can’t afford them then don’t have them in the first place it’s as simple as that.

Published : April 2, 2014

 http://www.news.com.au/lifestyle/parenting/should-childless-people-be-taxed-to-help-families/story-fnet085v-1226872378685