Essay About American Children And Parents Income Tax Form

Economics
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An amazing fact: “It was the night of April 15, 1987. Seven million American children suddenly
disappeared.” (25) It turns out that the requirement to fill in the social security number of each reported
child when claiming a deduction on the parents income tax form led to a reduction of seven million
children. The corresponding increase in income tax revenue is estimated at $3 billion a year (a huge
sum, enough to finance about ten days of fighting in Iraq…)!
It is not surprising that some people invented children in order to receive income tax credits, and that
these parents of fictitious children were deterred when they noticed that the tax authorities had stopped
ignoring this. But is it conceivable that “one of every ten children” in the U.S. is only conceived by the
pen of taxpayers? With some effort, I obtained the “exact” numbers. Two million children resurfaced
immediately, because they never disappeared. From the