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In reply to the discussion: Fellow childfree folks, how much did you love writing the check out to the IRS after hearing all the [View all]Proud Public Servant
(2,097 posts)I have a kid. What does that get me on my taxes? It allows an extra exemption for her as my dependent. And what it that worth? Her exemption allows me to reduce my adjusted gross income downward by $3700, which means (in my tax bracket) it reduces my taxes by about $925.
$925 ain't chump change, to be sure. But you know what? It doesn't come close to matching the extra taxes -- sales taxes -- I pay to feed, clothe, and otherwise take care of her. To say nothing of the additional real estate taxes I pay to maintain a home big enough for 3 instead of 2.
Sounds like I should resent you and your freeloading kind.
Oh, and my tax return? It was great -- huge. It'll pay for a week's vacation in Maine, a long weekend at a resort in West Virginia, a new digital SLR, and some contracting work we've been meaning to have done for a while. How'd we get so lucky? 3 little words: "mortgage interest deduction." My kid had f*ck-all to do with it.