{"id":664,"date":"2014-02-12T22:18:41","date_gmt":"2014-02-13T03:18:41","guid":{"rendered":"http:\/\/greatapes.ca\/blog\/?p=664"},"modified":"2014-02-12T22:18:41","modified_gmt":"2014-02-13T03:18:41","slug":"a-quick-thought-on-income-splitting","status":"publish","type":"post","link":"http:\/\/greatapes.ca\/blog\/2014\/02\/a-quick-thought-on-income-splitting\/","title":{"rendered":"A Quick Thought On Income Splitting"},"content":{"rendered":"<p>One of the major policy planks in the last Conservative election platform was to introduce <a href=\"https:\/\/en.wikipedia.org\/wiki\/Income_splitting\">income splitting<\/a> for families with dependent children under 18.\u00a0 There are a bunch of reasons why I&#8217;m against this policy, but I think I can provide a quick demonstration of just how absurd an idea it is.<\/p>\n<p>Imagine the following two families:<\/p>\n<ol>\n<li>A single parent who makes $75,000 a year.\u00a0 This parent has two children under 18.<\/li>\n<li>A married couple where one spouse makes $75,000 a year and the other is a stay-at-home parent to their two children under 18.<\/li>\n<\/ol>\n<p>Looking at the chart in <a href=\"http:\/\/fullcomment.nationalpost.com\/2014\/02\/12\/andrew-coyne-income-splitting-rift-a-sign-it-might-be-time-for-jim-flaherty-to-go\/\">this op-ed by Andrew Coyne<\/a>, we see that family 2 will gain $2,261 under the Conservative proposal.\u00a0 Family 1 will gain nothing.<\/p>\n<p>So under the Conservative plan, not only will family 2 have a person who is dedicated full-time to raising their children, that family will do so with and additional $2,261 a year.\u00a0 In fact, because family 1 will almost certainly incur significant child care costs they&#8217;ll actually be far more than $2,261 a year behind family 2.\u00a0 Family 2, which <em>already has a financial advantage<\/em> is being given even more money despite not having any additional burdens relative to family 1.\u00a0 Family 2 is being given more for needing less.\u00a0 Isn&#8217;t that perverse?<\/p>\n","protected":false},"excerpt":{"rendered":"<p>One of the major policy planks in the last Conservative election platform was to introduce income splitting for families with dependent children under 18.\u00a0 There are a bunch of reasons why I&#8217;m against this policy, but I think I can provide a quick demonstration of just how absurd an idea it is. Imagine the following [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[3,10,11],"tags":[],"_links":{"self":[{"href":"http:\/\/greatapes.ca\/blog\/wp-json\/wp\/v2\/posts\/664"}],"collection":[{"href":"http:\/\/greatapes.ca\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/greatapes.ca\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/greatapes.ca\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/greatapes.ca\/blog\/wp-json\/wp\/v2\/comments?post=664"}],"version-history":[{"count":1,"href":"http:\/\/greatapes.ca\/blog\/wp-json\/wp\/v2\/posts\/664\/revisions"}],"predecessor-version":[{"id":665,"href":"http:\/\/greatapes.ca\/blog\/wp-json\/wp\/v2\/posts\/664\/revisions\/665"}],"wp:attachment":[{"href":"http:\/\/greatapes.ca\/blog\/wp-json\/wp\/v2\/media?parent=664"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/greatapes.ca\/blog\/wp-json\/wp\/v2\/categories?post=664"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/greatapes.ca\/blog\/wp-json\/wp\/v2\/tags?post=664"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}