Saturday, June 11, 2005

Stop taxing minors an idea....

Well my fourth child has now gotten old enough where she has not only entered the work force but got her first "real" paycheck. As her older siblings discovered she got alot less than she anticipated even though I warned her about taxes.

Which brings me to this....I believe minors should not have to pay taxes, or at least not all of the ones adults do. They generally work less hours than adults and should have some type of benefit, as one example...stop charging minors Social Security and Medicare. While I realize most of them get back what they pay in Income Tax, to me it would be an incentive for them to actually get all or close of what they did earn. There is more than enough time for them to pay Uncle Sam and the rest of the bunch once they turn 18.

Some of them ask the valid question, if they are to pay the same taxes as adults should they not have the right to vote? An interesting one....not sure I agree with it from a maturity standpoint, but I do think something should be done as far as the Social Security and Medicare deduction for minors....

http://www.teenvote.us/

2 comments:

Anonymous said...

I wouldn't have minded paying Social Security and Medicare so much if it weren't for the fact that I already know I won't see a dime of it when I retire. How many people now receive Social Security benefits that do not deserve them? I know at least one, and I'm sure there are others.

At least Erin doesn't make minimum wage--that's only about $4/hr after taxes :-)

Unknown said...

She's making pretty close to minimum wage for her first 30 days then she gets a raise.

It's too late to get it changed to help you em, but at least we can try to get it done so Erin, Aubrey and others that are paying this as minors.

(glad you posted--((HUGS))