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if I show an income of 56,000.00 and 9 have dependent children, 1 with downes, I should pay 4000.00 in taxes?

Posted in Child Support on 4th June 2013

if I show an income of 56,000.00 and 9 have dependent children, 1 with downes, I should pay 4000.00 in taxes?
I have 10 children in total 0.1-8yr old daughter with downes, all home schooled or private, not to accept any financial support from our gov.wondering whether it is right that I have approx.4000.00 to pay taxes The best answer (s):

Reply sahel578
you have to pay taxes on your income. But then you are refunded some of what you pay deductions, such as your children based. You can pull off some of your child’s medical expenses if they. A certain percentage of your income

Reply brandonlahman
how many exemptions you claim on your W4? Exceed

answer by Gem
If your gross income is $ 56,000, you will not owe $ 4,000 Steuern.Die way word your question, I wonder if your net ( after deduction / exemptions) is $ 56K. $ If so, then 4000 seems reasonable, because you have almost 6 figures sein.Oder you are self-employed and you count your SE tax (social security?), With your social security it’s gross no matter how many children you would need haben.Wir more info to tell you if this is “right” or not.But I can tell you that even though you say you are “not to accept financial support,” but you get to pay taxes, then you accept the financial assistance. Your taxes are already discounted on the basis of their large family. Why is it fair that I have to many times that $ 4,000 if our income were the same pay because I do not have to choose 10 children? This is not fair.

Reply bostonianinmo
If you are a single taxpayer filing as Head of Household your first $ 41,550 is not subject to income tax. Their Federal tax on the remaining would be $ 1,607.50, if you are not itemize deductions. If you do, your liability may be less. If you are married filing jointly, your tax liability would be about $ 790.00 or less if you are broken sein.Sie also pay $ 4,284 in FICA taxes. There is no way to die.Sie may have to zahlen.Wahrscheinlich also state taxes you have to qualify for the additional child tax credit, the reduce your tax liability pretty much probalby under $ 0. This is a refundable credit, so you get that refunded würde.Es are no deductions for home or private school education.

would Reply wartz
you owe $ 56,000 in taxes with $ 4,348.40 wages in Social Security and Medicare. Would not affect the number of children you have it. Because child credit would owe no income tax.

Reply by Judy
you enter your filing status, but no, you should not pay that much tax to 10 dependent children. In fact, when at least four of them under age 17, the child tax credit would wipe out any income tax you owe. The additional child tax credit will most likely result in your getting a refund more than any amount you had withheld for federal income tax consequence haben.Wenn you talk about Social Security and Medicare, so everyone pays that, no matter what their family status, but it gives you protection if you are disabled and also retirement benefits.

Email to me: Why should we care about foster kids? Why my taxes?

Posted in Child Care on 19th April 2012

Email to me: Why should we care about foster kids? Why my taxes?
My response to the email:

– Over 50% of foster youth wind up homeless and 45% wind up homeless within the first year after being “out of care”
In a study in Canada among Calgary street kids, 90% had been released from foster care.

– Kids who grow up in foster care are 50% more likely to be involved in domestic violence as adults

– Kids who grow up in foster care are 30% more likely to be substance abusers

– Various studies have shown 40% of ex-foster kids are on public assistance and 50% are unemployed

– Only 54% of foster kids graduate high school

– 80% of Illinois prisoners spent time in foster care and 75% of Connecticut prisoners spent time in foster care

And you are worried about the tax burden when foster kids are children….look at the burden when they become adults!!! The problems don’t just disappear…they get worse and more serious. Stop and think!

Plus, get a heart…you are talking about kids!
=======

So where should our tax money go? If it goes to the prisons, look who is in the prisons! If it goes to the welfare system, look who is receiving welfare! If it goes to homeless shelters, look who is homeless!

Sheesh..

Best answer(s):

Answer by Brownetown
I am not inclined to believe children are born bad. Well some are sociopaths and you can’t do anything about it. Most, however, are shaped by their experiences. I believe in nurture much more than nature. Those stats tell me that perhaps more money being spent early on giving foster kids opportunity would save a lot of money later. A stitch in time saves nine. That may not be true, but if these kids get some love and guidance, there is no reason they cannot be as productive as the next kid.

Answer by Randy B
I look at it all in a pretty simple way.

First off, we owe it to those in our society who are weak and who need help to provide that help. Especially those who are children and who are, in most cases, innocent in regards to their situation.

Secondly, it just makes good business sense. We either pay now, as a society, to care for these children and to see to it that they get as much help and support as we can provide to them (which in many cases…if not most…we don’t really do as well as we could) or we as a society pay even for these children for the rest of their lives through the costs to jail them when they step outside of societies boundries, support them through social services such as welfare, medicaid, food stamps or what have you. Once they enter State (or Provincial) care then society has a responsibility for them and their care.

The goal is to proved them with every opportunity possible to have a happy, healthy and prosperous life. Because they were denied that opportunity through what ever brought them to foster care there is no reason to have them doomed for their future. I know plenty of foster children who have grown up and struggled to get by even with the support of the system when they were younger and because of their issues they are not where they should be and they end up costing society much more. On the other hand, I have met many others who grew up in foster care and who have gone on to be successful and well adjusted. They wouldn’t have had that opportunity without the support of the foster care system.

It’s as simple as we either pay now and hopefully mitigate the impact or we pay much more later and have the wasted lives and societal burden to show for it.

Answer by Melanie C
huh?

Answer by SLY
You are absolutely right. Unfortunately the current trend is to consider the family as a disposable unit, and the parts of it to be interchangeable. That devalues the importance of the family as a structure and its importance in the society.

We can spend the money to insure strong families and support mothers and children or break up the family, put the children in foster care, and support them at the other end. The ‘it takes a village to raise a child’ is the truth, no matter how you cut it.

It is in NO ONE’s best interest to break up families, willy nilly, or to undermine the family unit.

Answer by ♥LauraLee♥
“YOUR” taxes are also spent by the government funding the MoD to Investigate flying saucers and Aliens, Why are you moaning about foster kids??

Answer by AnnaBelle
I can’t believe someone sent you that email. How utterly crap-tacular of them.

Those kids are OUR kids, as a society, and need support. As you said, it is these same children who wind up homeless, incarcerated, addicted, etc., and through no fault of their own. Anyone with no family at age 18 would feel lost, angry, lonely, etc…Imagine that loneliness preceeded by years of trauma. Duh.

Just a note to some answerers::Children are not always removed for a lack of money. Many kids apprehended have been apprehended due to physical and sexual abuse, and pardon me, but in the case of sexual and physical abuse, money will not solve that problem. While family preservation should always be explored FIRST, it is not the ONLY answer.

I also don’t care for the implication that only poor people abuse their kids.

ETA: SLY: I am aware of Richard Wexler. However, statistics can be doctored to say whatever an organization needs them to say. While poverty may be one issue cited for so many apprehensions, there are in all likelihood, several other co-factors at play. That’s like saying that police are criminals because they are at the scene of every crime.

There are many, many poor people raising their kids. I highly doubt that poverty alone is a huge motive to take kids into care when we have existing social supports that would be cheaper to administer to keep the family together, and not enough places to put these kids. Contrary to popular belief, people may want to ADOPT babies, but very few people want to FOSTER them. They are much more demanding, in many ways, and as sick as it is to say it, the compensation is the lowest for infants in most jurisdictions. Babies are sleeping in hotel rooms with social workers right now, because we have no place for them. The “CPS Baby-snatchers” theory is a flawed one, in my humble opinion.

I am no great fan of the foster care system (believe me!), but to imply that there is some conspiracy to place kids in an overloaded system to create even more social dysfunction challenges my common sense. It benefits no one. In these situations, the most basic needs of the kids must supercede family preservation. Counselling for drug abuse is lovely, but the child needs to be in a safe place while that happens. Counselling in general is lovely, but while mom is healing, who is looking after baby? If her problems were serious enough that CPS was involved to begin with, do you think she should continue care-giving in her early stages of seeking mental health?

Again, I am for the preservation of the natural family ALWAYS, unless it presents a danger, mentally, emotionally or physically, to a child.

Answer by Jennifer L
What an oddball!

There are some things I’m not happy about my tax money going to support, but foster care is not one of them. If the individual is worried about wasting money, there are a whole lot bigger pork projects out there!

Anyone with a brain can see this person is out to lunch. Don’t give it another thought.

Answer by nighteam
Kids in the system need every chance and all the help they can get. Personally I have watched one child prove all the lower expectations of her wrong. It’s taken a lot of time and money, but it’s worth the price, she will go on to contribute meaningfully to our society. Where would she be if the price had not been paid, likely the expectations would have proved correct and she would need care for the rest of her life.

Answer by Pip
How children behave can be sypmtomatic of their upbringing but it’s not a hard and fast rule. If a child is in foster care it’s not their fault but are more likely to be blamed for negatives in their lives because they were fostered.

If someone emailed me something like that I would be asking them if they would feel the same about kids raised by their natural parents or adoptive parents.

Answer by Due September 22, 2009
What’s the question?
If we should care about foster kids? And support them with out taxes?
I care about foster kids… Just don’t like supporting them with my forheads sweat… Out tax money is being wasted… It should go for much better things…

“child support” michigan Do I have to wait for any forms from the State before filing my taxes.?

Posted in Child Support on 27th February 2011

“child support” michigan Do I have to wait for any forms from the State before filing my taxes.?

Best answer(s):

Answer by wyrick228
You do not claim child support on you federal taxes…it is not considered income. On you state tax, however, there is a spot where you put how much you have received, but no forms are necessary.

Answer by Yvette B yvetteb
WRONG. you do have to claim the money (you’ll see the section where they require it), but it is not taxable or deductable.

and no, you dont have to wait for any papers. just go file any time you are ready/want to. the children you can claim as dependents.

here are the links.

http://www.irs.gov/taxtopics/tc422.html
http://www.irs.gov/faqs/faq4-5.html
http://www.irs.gov/localcontacts/index.html