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Kehinde Thurman

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Families and the Fiscal Cliff

December 4, 2012

The looming fiscal cliff could result in the average family paying approximately $2,000 more in taxes (projections are anywhere from $1,500-$3,000). So what can the average family do with $2,000? Quite a bit it seems. I put together a list of just how far $2,000 stretches for the family on a budget:

1)   Childcare- $2,000 could pay for 8 weeks of childcare for one child at $250 per week ($250 per week is on the low end of childcare costs. Costs are significantly higher for younger children/babies).

2)   Gas- With a relatively small tank, $2,000 is enough for 50 fill ups at $40 a tank (I drive a small car so I don’t even want to imagine how that is reduced by a having a bigger vehicle).

3)   Food- $2,000 buys 5,000 reduced priced school breakfast/lunch and $1,666 full price school lunches. $2,000 is enough to make sure your kids have school breakfast/lunch for years!

4)   Health- $2,000 is about half the cost of metal or clear braces.

5)   $2,000 can protect a family of four from the flu virus for 12 years Vaccinations are approximately $40 each).

6)   $2,000 will purchase college textbooks for 4 semesters.

7)   $2,000 is enough to pay gas or electric bills for some families for an entire year.

$2,000 goes a long way.

There is a lot of discussion about how fiscal cliff would affect middle-class families. Indeed all of the costs above assume having the money to pay for such things in the first place. Fiscal cliff effect estimates assume having taxable income. Families of lower socioeconomic status will most certainly take a hit. The Earned Income Tax Credit, Child Tax Credit expansions and the American Opportunity Credit for college tuition are among the credits set to expire on December 31st. Unfortunately, discussions of the expirations that will affect the nation’s poorest remains overshadowed by how the fiscal cliff will impact middle-upper class tax payers.

TAGS:earned income tax creditfamilesfiscal clifftax credit expirations
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To be clear, Georgia allowing fetuses to be claimed for tax purposes will absolutely end up disproportionately harming Black and Brown folks. It sounds good to think folks will get extra money but there are so many ways it can come back to harm Black and Brown folks. Like when folks claim a fetus one year and don’t claim a child the next year, they’ll be trying to prosecute folks. Or file for child support for the fetus and then miscarry or travel to another state to have an abortion so now they have proof you were pregnant and they’ll be trying to prosecute folks. Just know that a state that doesn’t allow you full autonomy over your body is not a state that wants to help you. It’s a gaht damn setup.
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To be clear, Georgia allowing fetuses to be claimed for tax purposes will absolutely end up disproportionately harming Black and Brown folks. It sounds good to think folks will get extra money but there are so many ways it can come back to harm Black and Brown folks. Like when folks claim a fetus one year and don’t claim a child the next year, they’ll be trying to prosecute folks. Or file for child support for the fetus and then miscarry or travel to another state to have an abortion so now they have proof you were pregnant and they’ll be trying to prosecute folks. Just know that a state that doesn’t allow you full autonomy over your body is not a state that wants to help you. It’s a gaht damn setup.
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And I left the house with no earrings. I feel so naked 😩
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Let’s face it. LeBron could have been filmed with 2 kilos in his bag and folks would still be supporting him and demanding his freedom. Brittney Griner is Black, lesbian and woman. All identities that alone will get you dismissed and disregarded in this country and many others. People will use the guilty plea as evidence that she deserves what is happening. Without considering the many innocent people who plead guilty in this very country simply because the criminal legal system will make your life more hell if you don’t. No one should be caged. And for damn sure not for drugs. We know that more people would recognize that if Brittney was white or male or straight. The other layer is the #equalpay issue that had her over there in the first place. #brittneygriner #freebrittneygriner #freebrittney fuckthesystem #fuckthecriminaljusticesystem
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Let’s face it. LeBron could have been filmed with 2 kilos in his bag and folks would still be supporting him and demanding his freedom. Brittney Griner is Black, lesbian and woman. All identities that alone will get you dismissed and disregarded in this country and many others. People will use the guilty plea as evidence that she deserves what is happening. Without considering the many innocent people who plead guilty in this very country simply because the criminal legal system will make your life more hell if you don’t. No one should be caged. And for damn sure not for drugs. We know that more people would recognize that if Brittney was white or male or straight. The other layer is the #equalpay issue that had her over there in the first place. #brittneygriner #freebrittneygriner #freebrittney fuckthesystem #fuckthecriminaljusticesystem
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