Can someone help me with the below questions:
The childcare tax credit provides a partial tax relief for dual income families with children who require care while their parents work. Families with one or more children in daycare are eligible for a tax credit as high as 30% of care costs. Most dual income couples can take a credit of $600 for one child or $1200 for two or more children. When one spouse does not work outside the home, the couple loses eligibility for the credit.
How much does the average family spend on childcare in the United States per year? In your personal assessment, how helpful would you say the childcare tax credit is for middle income families in our society?
I'm one of those people who's going through a "second round" of parenting, having already raised one 17 year old son. However I was a single parent and was forced to work while he was growing up, which was a heartbreaking and difficult situation. But now I've been a stay-at-home parent for nearly 5 years, for Tyler, 4, and Kaitlin, 2.
Having "been there, done that," I've never faulted parents who work outside the home out of a sense of necessity. Working to put food on the table is one thing, but I have a problem with those who do it just to buy a second BMW. If you're not willing to make sacrifices to be with your children, then don't have any. Those early, formative years are such an important time in our children's lives; we NEED to be there for them. I'm the one who wants to see their first steps, hear their first words, and be there when the school calls to pick them up because they're sick.
What is your reaction to opinion expressed by Patty Williams, a stay at home mother for five years? Do you agree or disagree with her? Please explain your position.