Hungary- so desperate for kids that mothers of four won’t need to pay income tax

Hungary- so desperate for kids that mothers of four won’t need to pay income tax(washingtonpost.com)

3 points by ihsoj 7 years ago | 1 comment

byoung2 7 years ago |

The cost of raising 4 children will exceed the tax savings. I couldn't find the numbers for Hungary, but in the US the average cost to raise a child through age 17 is $250k. The average federal taxes are $9k per year. So 4 kids would cost $1M. The taxes for 50 years would only be $450k.

byoung2 7 years ago |

The cost of raising 4 children will exceed the tax savings. I couldn't find the numbers for Hungary, but in the US the average cost to raise a child through age 17 is $250k. The average federal taxes are $9k per year. So 4 kids would cost $1M. The taxes for 50 years would only be $450k.