Reply to What if we made this lost year up to parents with a tax break?

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Reply to "What if we made this lost year up to parents with a tax break?"

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[quote=Anonymous][quote=Anonymous]The financial and mental health strain of the last year has been severe for our family, largely due to the loss of both school and childcare. I know we are far from alone.

I think we should consider giving a semi-permanent tax break to families under a certain threshold amount (I feel like 75k/150k for single/dual income households with children would be about right) to help them recover from this. They could use it for tutoring, mental health services, recouping moving costs if they had to relocate during the pandemic, replenishing savings they had to spend on childcare, etc. Again, semi-permanent, maybe it could expire in 5 years (longer if the current situation continues for another year or more). Not sure of the amount, but I think it needs to be substantial. It should be paired with a tax hike on the people who suffered least during the pandemic (the wealthy).

Yep, it's redistribution. But for the last year, the pain of this pandemic has been distributed primarily onto working families. I think we should be compensated for that burden, and I think the people who run and own the business we work for, who stand to benefit from the work are putting into raising kids who will one day be part of that capitalism machine, who have profited off our pain, should pay for it.[/quote]

I’ve been a poor parent. Post divorce. Tutoring is not where I would have been able to put the extra money back in taxes. I would have bought food, clothing, repaired my car, and paid some overdue bills.[/quote]

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