“…Unfair, unaffordable and unlikely to happen.
That just about sums up Peter Dunne’s bill to allow income splitting for tax purposes for couples with dependent children.
Its avowed objectives sound fair enough: “To give parents greater choice in their work and caring roles, to give families with children additional financial support, and to acknowledge the contributions of those who forgo income to care for children.”
But that is specious.
It should read, “To give some parents greater choice”, “to give the right kinds of families additional support”…
… and “to acknowledge the contributions of those who can afford to forgo income to care for children”.
By definition it does nothing for sole parents … yet theirs are the families among whom child poverty is most prevalent…”
go to source/story>>>Brian Fallow : Income splitting hardest on poor – Opinion – NZ Herald News
