U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > General Forums > Economics > Personal Finance
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
Reply Start New Thread
 
Old 04-03-2011, 04:02 PM
 
Location: Michigan
29,297 posts, read 52,914,875 times
Reputation: 21835

Advertisements

SMITHFIELD, N.C. (CNNMoney) -- The Wards couldn't believe the news when their tax preparer called to tell them they're getting a $54,000 refund this year.

Thelma Ward was speechless. She had to hand the phone to her husband so she could dance around the living room floor in shock.

Adoption tax credit scores Ward family $54,000 - Apr. 1, 2011
Rate this post positively Reply With Quote Quick reply to this message

 
Old 04-04-2011, 10:03 AM
 
Location: Inland Empire, Calif
2,885 posts, read 5,404,262 times
Reputation: 2799
What is wrong with an adoption agency that would allow a couple with 7 kids to adopt 5 more?
They should be shut down...!!
Rate this post positively Reply With Quote Quick reply to this message
 
Old 04-04-2011, 10:11 AM
 
Location: San Francisco, CA
15,093 posts, read 12,795,414 times
Reputation: 14259
YAYYYY!!! We done won the lottery!

We have a herd kids that we can't possibly afford, but now da gubmint is gonna take care of us!
Rate this post positively Reply With Quote Quick reply to this message
 
Old 04-04-2011, 10:58 AM
 
16,903 posts, read 15,690,522 times
Reputation: 10348
I can see alot of beaten, sad, adopted kids with greedy parents coming out of the woodwork now....
Rate this post positively Reply With Quote Quick reply to this message
 
Old 04-04-2011, 11:21 AM
 
5,730 posts, read 9,650,544 times
Reputation: 8016
Quote:
Originally Posted by ambient View Post
YAYYYY!!! We done won the lottery!

We have a herd kids that we can't possibly afford, but now da gubmint is gonna take care of us!
You saw where they get over $3K per month income for having the kids....
Rate this post positively Reply With Quote Quick reply to this message
 
Old 04-04-2011, 06:37 PM
 
Location: Baltimore
1,802 posts, read 7,910,062 times
Reputation: 1962
So whose money do you think was supporting these kids before they were adopted? Isn't it better to have them grow up as part of a family rather than in foster care or worse yet, some type of institution? I don't mind my tax dollars helping out familes who are willing to adopt otherwise unwanted children if it means that it might give these kids a chance at a decent life.
Rate this post positively Reply With Quote Quick reply to this message
 
Old 04-04-2011, 06:52 PM
 
2,779 posts, read 5,234,496 times
Reputation: 5061
Hmmm...that's interesting about the foster to adopt program being eligible for the credit regardless of expenses. We adopted our two children and did qualify for the credit but we had to prove expenses worth that amount.

Honestly, despite having taken advantage of the credit myself, there is something about it that bugs me. It reeks a little of social engineering by the government to my libertarian sensibilities. It is always preferable to have foster kids become a permanent part of a family, however...I don't know I guess, its a hard question.
Rate this post positively Reply With Quote Quick reply to this message
 
Old 04-04-2011, 08:09 PM
 
5,730 posts, read 9,650,544 times
Reputation: 8016
Quote:
Originally Posted by janetvj View Post
So whose money do you think was supporting these kids before they were adopted? Isn't it better to have them grow up as part of a family rather than in foster care or worse yet, some type of institution? I don't mind my tax dollars helping out familes who are willing to adopt otherwise unwanted children if it means that it might give these kids a chance at a decent life.

Not the government's place. If the Gov't didn't try to (Inefficiently) be the 'Nanny state' (I mean that in all it's forms, not just kids) then there would be many more dollars to be given to chairity's. I work in Emergency management. It's simple economics that the NGO's are more efficient. If they aren't they collect fewer Dollars and more efficient charities get the money.
Rate this post positively Reply With Quote Quick reply to this message
 
Old 04-06-2011, 07:49 AM
 
Location: Skokiewood
732 posts, read 2,874,902 times
Reputation: 659
Quote:
Originally Posted by hml1976 View Post
Hmmm...that's interesting about the foster to adopt program being eligible for the credit regardless of expenses. We adopted our two children and did qualify for the credit but we had to prove expenses worth that amount.
That's only for certified special needs kids (e.g., Title IV-E) - kids who need lots of ongoing care or therapy. You can adopt kids from foster care without severe emotional or physical problems that aren't special needs and the tax credit for those adoptions is based on actual expenses just like private adoptions. I'm pretty sure you can even have an international adoption of a child that is certified special needs.

Quote:
Originally Posted by WannaliveinGreenville View Post
I can see alot of beaten, sad, adopted kids with greedy parents coming out of the woodwork now....
You do realize that the credit has been there for many years, and it just happens to be refundable beginning in 2010? Previously you could use the credit to offset your current year tax liability and then carry the unused portion forward until it's all used up. The only thing that has changed here is a little time value of money.
Rate this post positively Reply With Quote Quick reply to this message
 
Old 04-06-2011, 08:00 AM
 
Location: Niceville, FL
11,697 posts, read 20,236,526 times
Reputation: 14377
Quote:
Originally Posted by Themanwithnoname View Post
I work in Emergency management. It's simple economics that the NGO's are more efficient. If they aren't they collect fewer Dollars and more efficient charities get the money.
Excuse my laughter at that one. The Red Cross is one of the most bloated, hugely inefficient organizations around, and a lot of the other major players don't do much better. And we aren't even getting to the United Way yet, in either national or local forms.

As for the original story, one of the kids was special needs, and I wouldn't be surprised if some of the others were as well. It's not like it's easy to place non-infant AA children even when they're healthy, so I wouldn't be surprised if the kids in question would normally be considered to be 'normally unadoptable' by the state, and that's why there's a policy there to subsidize the kids even after formal adoption.

There are any number of white families that have been heralded as heroes in regional and national press for opening homes and hearts to multiple special needs kids. It's not explicit in the story, but I suspect that's what happened with the family here.
Rate this post positively Reply With Quote Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:

Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > General Forums > Economics > Personal Finance

All times are GMT -6.

© 2005-2022, Advameg, Inc. · Please obey Forum Rules · Terms of Use and Privacy Policy · Bug Bounty

City-Data.com - Contact Us - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36, 37 - Top