#Childcare expense tax break

[tfincareer]

Unlock Financial Relief: Tax Benefits Every Family Should Know in 2024

Introduction In 2024, families have access to essential assessment benefits that offer assistance with spare cash. These incorporate the Child Assess Credit, Child Care Costs, and the Earned Pay Assess Credit. This direction will clarify how these credits work and illustrate how families can take advantage. Understanding these charge breaks can assist you with more cash in your stash, whether…

[saddiedotdk]

Kamala Harris accomplishments as VP:

Cast tie-breaking vote for the American Rescue Plan of 2021.

Passed the American Rescue Plan, resulting in $1.9 trillion in economic stimulus.

Extended the Child Tax Credit through the American Rescue Plan.

Extended unemployment benefits through the American Rescue Plan.

Passed the $1 trillion bipartisan infrastructure bill.

Secured funding for electric school buses in the infrastructure bill.

Secured funding to combat wildfires and droughts in the infrastructure bill.

Secured funding for replacing lead water service lines.

Engaged with lawmakers at least 150 times for infrastructure investment.

Led diplomatic mission to Guatemala and Mexico to address migration issues.

Launched the "Central America Forward" initiative.

Secured $4.2 billion in private sector commitments for Central America.

Visited Paris to strengthen US-France relations.

Visited Singapore and Vietnam to bolster economic and strategic ties.

Visited Poland to support NATO allies during the Russia-Ukraine conflict.

Visited Romania to support NATO allies during the Russia-Ukraine conflict.

Launched the "Fight for Reproductive Freedoms" tour.

Visited a Planned Parenthood clinic in Minnesota.

Passed the COVID-19 Hate Crimes Act.

Promoted racial equity in pandemic response through specific initiatives.

Chaired the National Space Council.

Visited NASA's Goddard Space Flight Center to promote space policies.

Passed the Freedom to Vote Act in the House.

Passed the John Lewis Voting Rights Advancement Act in the House.

Built coalitions for voting rights protections.

Supported the Affordable Care Act through specific policy measures.

Expanded healthcare coverage through policy initiatives.

Passed initiatives for debt-free college education.

Hosted a STEM event for women and girls at the White House.

Championed criminal justice reform through specific legislation.

Secured passage of the bipartisan assault weapons ban.

Expanded background checks for gun purchases through legislation.

Increased the minimum wage through specific policy actions.

Implemented economic justice policies.

Expanded healthcare coverage through policy initiatives.

Secured funding for affordable housing.

Secured funding for affordable education initiatives.

Launched the "Justice is Coming Home" campaign for veterans' mental health.

Proposed legislation for easier legal actions against financial institutions.

Strengthened the Consumer Financial Protection Bureau.

Secured investment in early childhood education.

Launched maternal health initiatives.

Launched the "Call to Action to Reduce Maternal Mortality and Morbidity".

Made Black maternal health a national priority through policy actions.

Increased diversity in government appointments.

Passed legislation for renewable energy production.

Secured funding for combating climate change.

Passed infrastructure development initiatives.

Secured transportation funding through the infrastructure bill.

Developed a plan to combat climate change.

Reduced illegal immigration through policy actions.

Equitable vaccine distribution through specific policy measures.

Supported small businesses through pandemic recovery funds.

Secured educational resources during the pandemic.

Promoted international cooperation on climate initiatives.

Secured international agreements on climate change.

Passed economic policies benefiting the middle class.

Criticized policies benefiting the wealthy at the expense of the working class.

Promoted racial equity in healthcare through specific actions.

Promoted racial equity in economic policies.

Reduced racial disparities in education through specific initiatives.

Increased mental health resources for underserved communities.

Secured funding for affordable childcare.

Secured federal funding for community colleges.

Increased funding for HBCUs.

Increased vaccinations during the COVID-19 pandemic.

Secured policies for pandemic preparedness.

Ensured equitable vaccine distribution through policy actions.

Secured international cooperation for COVID-19 responses.

Reduced economic disparities exacerbated by the pandemic.

Passed digital equity initiatives for broadband access.

Expanded rural broadband through specific policies.

Secured cybersecurity policies through legislation.

Protected election integrity through specific actions.

Secured fair and secure elections through policy measures.

Strengthened international alliances through diplomacy.

Supported the Paris Climate Agreement through policy actions.

Led U.S. climate negotiations through international initiatives.

Passed initiatives for clean energy jobs.

Secured policies for energy efficiency.

Reduced carbon emissions through specific legislation.

Secured international climate finance.

Promoted public health policies through specific initiatives.

Passed reproductive health services policies.

Supported LGBTQ+ rights through specific actions.

Secured initiatives to reduce homelessness.

Increased veterans' benefits through legislation.

Secured affordable healthcare for veterans.

Passed policies to support military families.

Secured initiatives for veteran employment.

Increased mental health resources for veterans.

Passed disability rights legislation.

Secured policies for accessible infrastructure.

Increased funding for workforce development.

Implemented economic mobility policies.

Secured consumer protection policies through legislation.

Engaged in community outreach through public events.

Organized public engagement efforts.

Participated in over 720 official events, averaging three per day since taking office.

Supported efforts to modernize public health data systems.

[bobcatmoran]

Walz is asked about how long employers should pay for employees to stay home with their newborns. He says that Congress needs to figure that out. He points out how he only got 5 days to stay with his newborn children. And Donald Trump's economy gives tax breaks to the wealthy, while the Dems say that the most important people — taking care of our children and our parents need better pay. And with leave, it will benefit all families.

Vance says that there's a bipartisan solution here, because he's married to a working mom. She had access to paid family leave, but societal pressure worked against it. This is the difference between Trump and Harris' policies. Harris doesn't support church child care. Trump supports choices for childcare. Harris doesn't allow options.

Vance is also asked about his opinions on Trump saying child care is "not very expensive." Vance says that they'll balance child care prices out via penalties for companies that ship jobs overseas, and via higher economic growth that stems from that.

"Can you clarify how that will resolve the childcare shortage?" Vance's answer is. Uh. The problem is that we have too few people providing childcare.

Walz points out that childcare is $$. You can't pay for it via tarriffs, which will just hurt working class people.

[ivygorgon]

An open letter to the U.S. Congress

Pass an expanded Child Tax Credit in any end-of-year tax package!

806 so far! Help us get to 1,000 signers!

As Congress deliberates tax priorities, I am writing as your constituent to strongly urge you to prioritize reducing child poverty via an expanded Child Tax Credit (CTC) in a potential end-of-year tax package. There are currently 19 million children excluded from the full credit because of the structure of the CTC. Some do not understand that the vast majority of children whose families are left out of the full CTC are working—but their families do not make enough to get the full CTC. In fact, under current law, families with 2 children do not receive the full $2,000 CTC if they earn less than $28,000 - $35,000, denying the full credit (or any credit) to families who need it most. Ensuring that the full Child Tax Credit reaches the lowest-income children who need it most will have immeasurable benefits to families and our society for generations to come. Will you make expanding the CTC, and ensuring it reaches the lowest income families currently left out of the full benefit your top priority—not more tax breaks for large, profitable corporations? Children are our future and investing in them now means continued prosperity for generations to come. The expanded Child Tax Credit cut child poverty in the U.S. by 46%. But when Congress let it expire, child poverty more than doubled, from 5.2% to 12.4%. Just before Thanksgiving, 16% of households with children reported sometimes or often not having enough to eat in the past week, up from 10.4% in the summer of 2021 while families were getting support from a temporary expansion of the Child Tax Credit (CTC). Keeping children out of poverty means better school performance, better health outcomes, and more mentally and emotionally well-adjusted children. Research shows that most low-income families spent the expanded CTC on basic necessities like food, utilities, and rent or mortgage payments, as well as education expenses—and families need that help now. I strongly believe we should focus on tax policies to address child poverty. In contrast, if Congress makes the bonus depreciation rule permanent as some policymakers are proposing, the American public would lose out on $325 billion in revenue over the next decade. That’s money that can be used to fully fund critical programs like childcare, early childhood education, essential nutrition programs, and expand access to health care. Children and their families are our future; investing in them must be Congress’ top priority. Any tax package you consider must include the expanded Child Tax Credit, focused on directing its help to the lowest-income households. Will you voice support for expanding the Child Tax Credit to reduce child poverty with colleagues and your party’s leadership?

▶ Created on December 14, 2023 by Jess Craven

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[granilkhate]

How Can We Compensate Better Our Workers in the Philippines?

Improving the lives of Filipino workers goes beyond just paying them fair wages. Although the Labor Code already sets minimum wages, benefits, and worker protections, many workers still face financial difficulties. To truly improve their situation, we need to consider adding extra benefits that can help workers not only survive but thrive. There are several areas where we can make changes that would significantly improve the lives of workers in the Philippines. One key improvement is offering flexible work arrangements. The pandemic showed us that remote work and hybrid work setups can be highly beneficial for workers. These setups help workers save on transportation costs, reduce the stress of long commutes, and improve their work-life balance. To build on this, we could pass laws that guarantee workers the option to work from home or have flexible hours, as long as it doesn’t affect the quality or amount of work. For jobs where remote work isn’t possible, like those in manufacturing or healthcare, we could introduce shorter workweeks or staggered shifts, where workers take turns coming in at different times. These measures could also improve workers' productivity and reduce stress.

Another important area to address is healthcare. While PhilHealth provides some medical support, it often doesn’t cover all the medical expenses that workers face. Many workers end up paying out of pocket for treatments and medicines, which can be a heavy financial burden. To fix this, the government could require employers to offer additional health benefits, either through private insurance or by providing supplemental health coverage. This would help workers and their families manage medical costs better, reducing the financial strain during health emergencies and ensuring workers have access to proper healthcare. Childcare support is also an issue that needs attention. Many Filipino workers, especially women, struggle to juggle their jobs and take care of their children. The cost and availability of childcare services can be a huge challenge. To help with this, the government could introduce subsidized child care services or offer tax breaks to employers who set up childcare facilities in the workplace. This would not only help working parents, particularly mothers, balance their work and family responsibilities but also promote gender equality in the workplace. When workers don’t have to worry about their children while they work, they are more likely to focus better and be more productive.

The rising cost of living in the country is another challenge that affects workers. Prices for basic goods, housing, and transportation have increased, making it harder for workers to make ends meet. To ease this burden, the government could offer more housing programs to help workers find affordable homes close to their workplaces. Having affordable housing options near industrial zones or urban centers would cut down on commuting time and transportation costs. Additionally, transportation subsidies, such as vouchers or shuttle services provided by employers, would help workers, especially those in big cities like Metro Manila, save money on commuting. These measures would reduce the financial pressure on workers and make their daily lives more manageable.

In conclusion, improving the compensation for workers is not just about raising their wages. It’s about addressing their overall needs and creating an environment where they feel valued and secure. By offering flexible work arrangements, better healthcare, childcare support, and subsidies for housing and transportation, we can help workers thrive in their jobs and in their personal lives. These changes would make workers feel more motivated, productive, and loyal to their employers. When the workforce is supported and well-compensated, the whole country benefits. Investing in workers is investing in the future of the nation.

[accounttaxpros]

A Step-by-Step Guide to Personal Tax Filing in British Columbia

Filing personal taxes in British Columbia can feel easy when done step-by-step. This guide breaks it down for first-time filers & anyone seeking clarity on their tax duties. In this article, we learn about the process of filing personal taxes in British Columbia in step-by-step

1. Preparing for Tax Season

Start by understanding the basics:

Key Dates: Canadian taxes cover income from January 1 to December 31, with a typical filing deadline of April 30. File early to avoid penalties.

Who Must File: If you earn income in Canada, including employment, freelance, or investments, you must file a tax return.

What to Have Ready:

Your Social Insurance Number (SIN)

Any CRA correspondence, like your Notice of Assessment (NOA)

Banking information for direct deposit of refunds

2. Gather Necessary Documents

Having the correct documents is critical:

Income Slips: Collect T4s from employers, T5s for investment income, and any freelance income records.

Receipts for Credits: Keep proof of deductions, such as medical expenses, childcare & tuition fees.

Home and Work Expenses: If you work remotely, claim home office deductions with proper receipts.

3. Understand Tax Credits and Deductions

In British Columbia, certain credits can reduce your tax payable:

BC Sales Tax Credit: A refundable credit for low- and moderate-income residents.

Charitable Donations: Receipts for charitable contributions can boost your refund.

Disability Tax Credit (DTC): Available for eligible individuals or their caregivers.

4. Choose a Filing Method

There are several ways to file your taxes:

Use Tax Software: CRA-approved software like TurboTax or Wealthsimple can help you file online.

Paper Filing: Download forms from the CRA, fill them manually, and mail them.

Hire a Tax Professional: If your taxes are complex, a professional ensures accuracy and helps maximize deductions.

For online filing, use NETFILE, CRA’s secure portal, to submit your return directly.

5. Complete Your Tax Return

When filling out your return:

Report all income accurately, including employment, self-employment, and investments.

Deduct eligible expenses, including BC-specific credits.

Double-check for accuracy to avoid delays in processing.

Important: Use the CRA’s My Account to track tax documents and confirm submission.

6. Submit and Pay Taxes Owed

Submit your tax return electronically via NETFILE or by mail for paper submissions. If you owe taxes:

Pay using online banking, CRA’s My Payment service, or by cheque.

Late payments attract interest, so pay promptly.

7. Track Your Refund or Assessment

After submission:

Check the status of your refund via the CRA website or mobile app.

Your Notice of Assessment (NOA) will confirm if your return was processed and outline any corrections.

Common Questions About Tax Filing in BC

Do I Need to File if I Earned Below a Certain Amount? Yes, filing ensures access to benefits like GST/HST credits or Canada Child Benefits.

Can I File Taxes Late? Yes, but late submissions may incur penalties and interest.

What if I Made a Mistake? Submit a correction using the CRA’s ReFILE service online.

Final Thoughts

Filing personal taxes in British Columbia doesn’t have to be hard. With good planning & a bit of care, you can meet deadlines, get the most from your refund & skip any penalties.To know more personal tax filing In British Columbia Canada please feel free connect with us.

[ilonajosiane]

The Role of Accountants in Tax Planning

Tax planning is an essential part of financial management for businesses and individuals. It involves strategically organizing financial affairs to minimize tax liabilities while remaining compliant with tax laws. While tax planning can sometimes be complex, accountants play a crucial role in helping businesses and individuals navigate this process effectively. Their expertise ensures that taxes are paid on time, deductions are maximized, and the overall tax burden is minimized. Here's a closer look at the vital role accountants play in tax planning.

Understanding Tax Laws and Regulations

One of the most critical roles accountants play in tax planning is understanding and interpreting tax laws. Tax regulations are often complex and subject to change, with different rules applying to individuals, businesses, and various industries. Accountants for small businesses in Fort Worth, TX are well-versed in these laws and stay updated on changes, ensuring that their clients are compliant with the latest tax requirements.

By keeping track of legislative changes, accountants help businesses and individuals take advantage of new tax breaks, credits, and deductions, while also ensuring they avoid potential penalties for non-compliance.

Maximizing Deductions and Credits

A significant part of tax planning is identifying deductions and credits that can reduce taxable income and, in turn, the tax burden. Accountants are trained to recognize eligible deductions, such as business expenses, charitable contributions, and depreciation on assets. For individuals, this could include deductions for mortgage interest, medical expenses, and education costs.

Tax credits, which directly reduce the amount of taxes owed, are another area where accountants add value. These might include credits for energy-efficient home improvements, childcare, or education. Accountants work with their clients to ensure they maximize both deductions and credits available under current tax laws, helping to lower the overall tax liability.

Tax-Advantaged Investments and Structures

Accountants can advise on structuring a business or investment portfolio in a way that minimizes tax liabilities. For businesses, this may involve choosing the right legal structure (e.g., sole proprietorship, partnership, corporation) that offers the most favorable tax treatment. Accountants can also recommend specific tax-advantaged accounts, such as retirement plans, health savings accounts (HSAs), and flexible spending accounts (FSAs), that provide both short-term and long-term tax benefits.

For individuals, accountants can help manage investments to minimize capital gains taxes and take advantage of tax-deferred accounts like IRAs or 401(k) plans. By carefully planning investments, accountants ensure that clients maximize returns while keeping taxes to a minimum.

Proactive Tax Strategy and Planning

Accountants don’t just react to tax obligations—they actively engage in proactive tax strategy. This means anticipating future tax liabilities and implementing strategies to minimize them. For businesses, accountants often create tax planning strategies that align with business goals. For instance, they may recommend timing certain expenses, deferring income, or using tax-loss harvesting techniques to reduce taxes owed.

For individuals, accountants may advise on the timing of income recognition, such as deferring bonuses or capital gains, to minimize taxes in high-income years. They also help clients plan for tax implications related to life events like marriage, retirement, or the sale of a home.

Tax Filing and Compliance

Accountants ensure that tax returns are filed accurately and on time. Incorrect or late filings can lead to penalties, interest, or even legal consequences. Accountants not only prepare tax returns but also help gather and organize necessary documentation throughout the year, making the filing process smoother and more efficient.

Moreover, accountants work with clients to understand tax implications in the event of audits. They provide guidance on how to respond to tax authorities and ensure that all tax records are to prevent further complications.

Ongoing Support and Financial Advice

Tax planning is not just an annual activity—it requires ongoing attention throughout the year. Accountants maintain open communication with their clients, providing continuous support and advice on financial matters that have tax implications. Whether it’s a change in business operations, an acquisition, or a shift in personal financial circumstances, accountants are always available to offer advice on how to manage tax consequences effectively.

Conclusion

Accountants play an indispensable role in tax planning, helping businesses and individuals navigate the often complex and evolving world of taxes. From maximizing deductions and credits to advising on tax-advantaged investments, accountants provide the expertise needed to minimize tax liabilities and ensure compliance. Their proactive approach to tax strategy, combined with their ability to manage tax filing and ongoing financial advice, makes them essential partners in achieving long-term financial goals and stability. With the right accountant, businesses and individuals can make informed decisions that ultimately enhance financial success while minimizing tax burdens.

[bananapancakewithcondensedmilk]

The World’s Desire to Boost Birth Rates: A Blind Spot in Understanding Why People Hesitate to Have Children

In recent years, governments and societies worldwide have grown increasingly alarmed by declining birth rates. From incentivizing childbirth through financial rewards to promoting family-friendly policies, there’s a mounting pressure to reverse the trend. Yet, despite these efforts, birth rates in many parts of the world remain stubbornly low.

Why? Because the conversation rarely addresses the systemic failures that have driven many to decide against parenthood. At its core, this isn’t just a question of personal choice but a reflection of a world struggling to provide the stability, equity, and security that raising children demands.

1. The Disconnect Between Policy and Reality

Incentives Miss the Mark

Governments often introduce policies aimed at encouraging parenthood, such as parental leave, tax breaks, and subsidized childcare. While these measures help some, they fail to address the deeper societal fractures driving people away from the idea of having children. For instance:

Economic Precarity: The rising cost of living, stagnant wages, and housing crises leave many wondering how they can afford the basics, let alone raise a child.

Climate Anxiety: With escalating environmental crises, many grapple with the ethics of bringing a child into a world facing potential collapse.

Social Safety Nets: Inadequate healthcare and minimal support for working parents make child-rearing daunting, especially for marginalized communities.

A Misplaced Focus

Instead of addressing these foundational issues, governments often revert to short-term fixes or even coercive measures, such as limiting access to abortion or reproductive healthcare. These policies ignore the nuanced realities behind people’s decisions and often exacerbate the very inequalities they claim to address.

2. The Unseen Emotional Toll

Grieving the Dream of Parenthood

Deciding not to have children isn’t always a simple or easy choice. Many who make this decision carry grief for the family they imagined, dreams they nurtured, and cultural expectations they may never fulfill.

This grief is compounded by societal judgment, which often frames childlessness as selfishness or failure. In reality, many who choose not to have children do so from a place of deep responsibility, recognizing the challenges and limitations the current system imposes.

3. The Complexities of Modern Parenthood

The Financial Burden

Raising a child today is an expensive undertaking. From housing to education, the costs have skyrocketed, while wages have remained stagnant. For many, the math simply doesn’t add up.

The Gender Disparity

Parenthood disproportionately affects women, who often bear the brunt of unpaid labor, career stagnation, and societal expectations. With reproductive rights under threat in many regions, the risks and sacrifices of becoming a parent have only grown.

Mental Health Challenges

The modern world is an increasingly stressful place. For those already navigating personal healing or mental health struggles, the thought of adding the immense responsibility of parenting can feel overwhelming.

4. Choosing Responsibility Over Obligation

Choosing not to have children isn’t a decision made lightly. For many, it reflects a clear-eyed assessment of the world and their own circumstances:

Breaking Cycles: By choosing to address personal trauma and systemic challenges, individuals can create a legacy of healing and awareness rather than perpetuating generational struggles.

Advocating for Change: Those who opt out of parenthood often channel their energy into activism, mentorship, and other avenues that create a positive impact.

Parenthood is not the only path to creating a meaningful life. Choosing not to bring a child into a broken system is a profound act of care and responsibility.

5. Why Systemic Change Is Essential

The world’s obsession with increasing birth rates reveals a fundamental misunderstanding of the problem. Until we address the systemic issues that make parenting untenable for so many, no amount of policy tinkering will suffice.

What Needs to Change?

Affordable Housing: Ensuring everyone has access to stable, affordable housing is a cornerstone of family planning.

Universal Healthcare: Comprehensive healthcare, including mental health services, is vital for supporting both parents and children.

Work-Life Balance: Flexible work policies and better wages are essential to give families the stability they need.

Climate Action: Addressing the existential threat of climate change is critical for alleviating anxieties about the future.

6. Honoring Difficult Choices

For those grappling with the decision not to have children, it’s important to hold space for grief and self-compassion. This choice often comes from a place of wisdom, care, and responsibility, rather than fear or selfishness.

How to Move Forward

Celebrate Other Legacies: Whether through creative work, advocacy, or nurturing relationships, there are countless ways to leave a mark on the world.

Build Community: Supporting others—parents and non-parents alike—creates a network of care that transcends traditional family structures.

Advocate for Systemic Change: By addressing the larger issues, individuals can contribute to creating a world where parenthood feels like a viable, joyful option for more people.

Conclusion

The push to increase birth rates often ignores the realities that drive people away from parenthood. Financial instability, systemic inequality, and existential fears aren’t issues that can be solved with tax breaks or one-off incentives.

Addressing these challenges requires a radical reimagining of how societies support their people. Until then, the decision not to have children reflects not selfishness, but a deep understanding of the world’s limitations and an unwavering commitment to living responsibly and authentically.

For those navigating this decision, know that your choice is valid, your grief is real, and your contributions to the world—whether as a parent or not—are deeply valuable.

[morethannumberscpablog]

Smart Tax Reduction Tips for the Average Consumer

Reducing tax liability is a great way to keep more of your hard-earned money, improve financial stability, and even boost your quality of life. By understanding a few effective strategies—and with guidance from the best CPA agency in Greater Toronto Area—you can achieve tax savings that help secure a stronger financial future. Here’s a guide on practical ways to reduce your taxes while making the most of your income.

1. Understand Your Tax Bracket

The first step to reducing taxes is understanding where your income falls within Canada’s tax brackets. Tax brackets determine the rate at which your income is taxed, and knowing your bracket helps you plan how to take advantage of tax credits and deductions effectively. By consulting the best CPA agency in Greater Toronto Area, you can receive advice on how to optimize tax strategies based on your bracket and avoid overpaying.

2. Make the Most of Deductions and Credits

Deductions reduce your taxable income, and credits reduce the actual tax you owe. Common deductions cover areas like education, childcare, and certain medical expenses. Credits such as the Canada Child Benefit (CCB) can also significantly reduce taxes for eligible families. The best CPA agency in Greater Toronto Area can help ensure you’re claiming every possible deduction and credit, offering guidance so you don’t miss out on important tax breaks.

3. Contribute to Retirement Accounts

Saving for retirement not only secures your future but can also reduce your tax liability today. For example, contributions to a Registered Retirement Savings Plan (RRSP) are tax-deductible, meaning you can deduct the amount you contribute from your taxable income. With the expertise of the best CPA agency in Greater Toronto Area, you’ll receive tailored advice on maximizing your RRSP contributions to benefit both your retirement savings and current tax situation.

4. How Reduced Tax Liability Can Improve Quality of Life

Reducing the amount of tax you owe can have a direct, positive impact on your quality of life. By paying less in taxes, you increase your disposable income, giving you more freedom to save, invest, or spend on the things you enjoy. With help from the best CPA agency in Greater Toronto Area, you can learn how small adjustments can add up to significant tax savings over time, enhancing your financial stability and quality of life.

5. The Effect of Marital Status on Tax Liability

Being married can open up new opportunities for tax savings. Couples may be able to split pension income or combine charitable donations, increasing their access to tax credits. Filing jointly can also offer additional benefits, depending on each spouse’s financial situation. The best CPA agency in Greater Toronto Area is well-versed in the nuances of joint filing and can help couples make the most of the tax advantages available to them.

6. How Homeownership Can Save You Money on Taxes

Owning a home comes with various tax benefits in Canada, including deductions on mortgage interest, property taxes, and certain home improvements. For first-time homeowners, there’s even an incentive program that helps with the cost of a mortgage. The best CPA agency in Greater Toronto Area can provide guidance on claiming these deductions, ensuring that you fully benefit from the financial advantages of homeownership.

7. Tax Planning for Medical and Educational Expenses

Medical and educational expenses can often be used to reduce your taxes. In Canada, many medical costs are deductible, and students can get tax relief on tuition and education-related expenses. For example, the Tuition Tax Credit helps offset tuition fees and can be carried forward or transferred. The best CPA agency in Greater Toronto Area can help you understand which expenses qualify, ensuring that you’re reducing taxes where possible.

8. Use Charitable Donations to Lower Your Tax Bill

Making donations to registered charities not only supports your community but also provides tax benefits. Canada offers up to a 29% federal tax credit for charitable contributions, and any unused credits can be carried forward for up to five years. With assistance from the best CPA agency in Greater Toronto Area, you can structure your donations in a way that maximizes tax benefits, allowing you to give back while saving on taxes.

9. Tax Tips for Self-Employed Individuals

Self-employed individuals can claim various expenses to lower taxable income, including home office supplies, travel, meals, and even part of rent or utilities for home offices. Accurate record-keeping is essential for these deductions. The best CPA agency in Greater Toronto Area can guide self-employed individuals through the complexities of tax deductions, helping them optimize expenses and reduce tax burdens effectively.

10. How Smart Tax Planning Can Support Long-Term Goals

Effective tax planning is key to achieving financial goals like homeownership, retirement, or funding education. By reducing your tax liability, you free up income that can go toward savings, investments, or paying down debt. The best CPA agency in Greater Toronto Area can develop a tax strategy aligned with your life goals, providing you with a clear path to greater financial security.

11. Leverage Registered Education Savings Plans (RESPs)

For parents, a Registered Education Savings Plan (RESP) offers tax benefits while helping save for children’s education. Although contributions aren’t tax-deductible, income earned within an RESP grows tax-free, and government grants provide additional funds. The best CPA agency in Greater Toronto Area can help you make the most of RESP contributions, ensuring that you’re planning wisely for your child’s future education costs.

12. Managing Investments to Minimize Tax Impact

Investing strategically can also help reduce tax burdens. Tax-Free Savings Accounts (TFSAs) allow your investments to grow without tax on earnings, and capital losses can be used to offset gains. The best CPA agency in Greater Toronto Area offers insight into tax-efficient investment options, helping you grow your wealth with minimal tax implications.

Conclusion: Professional Tax Guidance for Long-Term Savings

Effective tax reduction strategies are an essential part of financial health, providing stability, freedom, and more control over your finances. From maximizing deductions and credits to strategically planning for retirement, marriage, and homeownership, every tax-saving measure contributes to long-term financial well-being. Consulting with the best CPA agency in Greater Toronto Area provides the personalized assistance needed to take advantage of these strategies, helping you hold on to more of your income and achieve financial security with confidence.

[dadgamerhq]

Juggling Fatherhood and Digital Marketing: A Stay-at-Home Dad's Guide to Balance and Success

Hello and welcome to the first of many blogs from The Phattman! Balancing the responsibilities of being a stay-at-home father while also pursuing a career in digital marketing can indeed be complex. Here are some key aspects to consider:

Time Management

1. Childcare Responsibilities Taking care of children isn't easy, especially young ones, they demand a significant amount of time and energy. Tasks include feeding, changing diapers, playtime, educational activities, and ensuring their overall well-being. Has a father of two boys I know their energy levels have no limitations. 2. Work Hours Digital marketing often requires a substantial time commitment, including strategizing, content creation, social media management, SEO, and analytics. Which can get overwhelming. Finding uninterrupted time to focus on work can be challenging but it's not impossible.

Flexibility

1. Flexible Schedule One of the benefits of digital marketing is that it often allows for more flexible work hours. Which can be worked around school runs, housework and the evenings you can spare. However, you still need to be available for meetings, deadlines and client communications. This can be stressful and taxing but coming up with a flexible, fluid communication with colleagues or spouses can be beneficial. 2. Adapting to Unpredictability Children can be unpredictable, with sudden needs or emergencies that can disrupt your work schedule. Ranging from spill's to arguments even bedtime can be unpredictable from one night to the next. Being able to adapt and re prioritize tasks is essential and without a open mind or a calming approach, the ability to adapt, re evaluate and overcome is essential.

Productivity

1. Distractions The home environment can be full of distractions, from household chores to the needs of your children. Maintaining focus and productivity in such an environment requires discipline and effective time management strategies. 2. Work Space Having a dedicated workspace can help create a boundary between home and work life, even if it’s just a small corner of a room.

Professional Development

1. Staying Updated Digital marketing is a rapidly evolving field. Staying updated with the latest trends, tools, and techniques requires continuous learning, which can be tough to fit into an already packed schedule. Knowledge is power and keeping up-to-date is a high priority. 2. Networking Building and maintaining professional relationships is crucial in digital marketing. Attending conferences, webinars, conventions and networking events might be challenging but necessary for career growth. Mixture of work and pleasure never hurt anybody.

Emotional and Mental Health

1.Stress Management Juggling multiple roles can be stressful. It’s important to find ways to manage stress, whether through hobbies, exercise, meditation, or other relaxation techniques. For me it's a mixture of many aspects of meditation, breathing exercises and just stepping away from the desk and getting some fresh air walking the dog. 2.Support System Having a support system, whether it’s a partner, family, or friends, can provide much-needed relief and assistance. Solid foundation is the pretenses to success.

Financial Considerations

1. Steady Income Digital marketing can be lucrative, but it might take time to establish a steady income stream, especially if you’re freelancing or starting your own business. Everyone will have a different version of steady income. It's safe to say that putting in the work and breaking even each month for the first year is a great start. For some it maybe shorter or longer. You get out what energy you invest in. 2. Budgeting Effective budgeting is crucial to manage household expenses and investments in your digital marketing career, such as courses, tools, and advertising costs. Always have a plan laid out, a cap on expenses each month and keep track of everything for further information later on throughout the first couple of years.

Practical Tips

1. Set a Routine Establish a daily routine that includes dedicated time for work and childcare. All daily tasks and meal preps if needed. 2. Use Tools and Automation Leverage tools for social media scheduling, email marketing, and project management to streamline your work. No matter how big or small, new or old the business, they all use forms of automation. 3. Outsource When Possible Consider outsourcing tasks that are less critical to your role as a father or a digital marketer, such as house cleaning or administrative tasks. Each to there own but again it's personal preference and totally customisable. 4. Self-Care Don’t neglect self-care. Taking care of your physical and mental health is paramount for sustaining both your roles. Self care for body, mind and soul is key.

Conclusion

Balancing these responsibilities is certainly challenging, but with careful planning, flexibility, and support, it is possible to succeed both as a stay-at-home father and a digital marketer/content creator.

Read the full article

[simonloweblog]

"Immigration & Population 'implosion- a dichotomy"

Declining childbirth rates leading to declining populations is suddenly creating headlines in many countries and serious concerns in many Governments who understand that their economies will soon be unable to support the cost of looking after an ageing population. It is also in direct opposition to their stated objective of reducing immigration when so many countries need more labourers to fulfil tasks that their own citizens no longer want to perform. In Britain successive Tory Governments have vowed to reduce immigration to a "trickle" or to a maximum of "tens of thousands" a year. The reality has been that since 2010, net annual immigration has steadily risen from 163,000 to over 670,000 in 2023 with the majority coming from non-EU countries. There have been similar increases in many of the  EU countries with Germany, under Angela Merkel taking in  record numbers whilst she was in office. In the US, immigration much of which is illegal has become one of the hottest political topics in this election year.

The fact is that the old cry that immigrants are taking the jobs of "locals" is simply not true when unemployment in both Britain and the States is at a near historic low. Germany, Japan, South Korea and Russia are all veering towards serious economic woes with birthrates of 0.8 per woman when a rate of 2.1 is needed to simply maintain a country's population. The cost of having children is frequently cited by young couples as a reason for not starting a family. Governments are aware of the consequences of a declining population and are now actively encouraging childbirth with tax breaks and generous childcare support but based on the evidence those and other measures are not arresting the decline. In many of the advanced economies young people are deciding that having a family is simply too expensive when owning  a home has become  increasingly out of their reach, particularly in the larger cities. Good education for children is  also a major consideration and many young people are also concerned about the environment, pollution and the unabated consumption of the earth's diminishing resources and how that would impact on the lives of their children.

There are those who say, "this is good" as they see a declining population as  the only way to save the planet by reducing overall consumption in  what has been an exploding rise in the world's population over the last 100 years from 2 to 8 billion.

Unfortunately, this theory is wrong because Africa aside, the rest of the world is moving towards a downward spiral of less births, resulting in fewer young people working to support  larger and larger numbers of old people who need more care and consume  more resources; healthcare is just one example.

Will the Africa’s  54 countries become the dominant force in the world's population this century? Predictions are that there will be over 2 billion by 2050 and 4 billion by the end of the century whilst China's population is forecast to decline to 850 million, from its current 1.4 billion . Russia, South Korea and Germany's populations  are also forecast to dramatically reduce this century.

These massive shifts in world population will have a major impact on the world economy. China may no longer be the world's biggest exporter and is unlikely to become the world's largest economy.

As is usual when major problems and challenges loom, pessimism often sets in. As an eternal optimist I believe that the solution is already to hand. The population issue is indeed a topic of the moment but what the worriers fail to recognise is that robots are coming to the rescue. They will be  the new labourers and should eventually be  in limitless supply. They don't eat,  take holidays or complain about long hours and working conditions; nor do they need housing, they just need the sum of their own space. Education will be instantaneous and with sophisticated AI programming will perfect procedures that humans are imperfect at.

So ignore the doomsday merchants and look to the future with hope that man's continuing ingenuity will save the world not destroy it.

[digital288]

How Financial Planning Can Be Your Champion

Life throws amazing milestones our way – buying a house, starting a family, sending kids to college, and that dream vacation. But let's be honest, these milestones can also feel daunting, especially when finances come into play. Here's the good news: you're not alone! Financial planning isn't some complicated code reserved for the wealthy. It's a powerful tool anyone can use to achieve their biggest goals.

Think of financial planning as your personal champion, cheering you on and helping you navigate the financial hurdles along the way. Here's how it can be your secret weapon for conquering those life milestones:

Owning Your Dream Home

Know your numbers: It starts with understanding your income and expenses. How much can you comfortably afford for a mortgage payment, property taxes, and insurance? A planner can help you create a budget that factors in these costs without squeezing the fun out of life.

Save for that down payment: A down payment lowers your loan amount and monthly payments. Financial planning helps you set realistic savings goals and explore options like IRAs (Individual Retirement Accounts) that may offer tax benefits for your first home purchase.

Build good credit: A good credit score unlocks better loan rates, saving you money in the long run. Financial planning can guide you on managing credit cards responsibly and building a solid credit history.

Higher Education for Your All-Star

College costs are no joke. But with financial planning, you can help your child chase their academic dreams:

Start early, even earlier! Early investments of small amounts can compound significantly over time.

Explore scholarships and grants: Financial planning can help you navigate the world of financial aid, maximizing scholarships and grants that can significantly reduce college costs.

Consider smart borrowing: Student loans can be a reality for many families. Financial planning can guide you on responsible borrowing strategies and choosing loans with favorable repayment terms.

Expanding Your Family

Welcoming a new member is pure joy, but it also comes with new financial needs. Here's how financial planning can help:

Budget for the essentials: Diapers, clothes, and childcare add up quickly! Financial planning helps you adjust your budget to accommodate these new expenses without derailing your other goals.

Prepare for the unexpected: Medical bills related to childbirth can be a surprise. An emergency fund helps cover these costs without putting a strain on your finances.

Plan for the future: Consider life insurance to ensure your family is financially secure even if you're no longer there.

The Ultimate Getaway

Picture yourself on a pristine beach or exploring a historic city. needs for financial planning helps make that dream a reality:

Set a savings goal: Decide how much you need to save and break it down into manageable monthly contributions. Financial planning can help you find areas in your budget to free up extra cash for this travel fund.

Explore cost-saving options: From budget airlines to off-season travel, financial planning can help you research cost-effective ways to maximize your travel experience.

Consider travel rewards: Credit cards with travel rewards programs can earn you points or miles towards flights and hotels. Financial planning can help you find cards with good rewards programs that align with your spending habits.

Keep in mind that financial planning is a process rather than a final  goal. As your life changes and your goals evolve, your financial plan should too. Regularly review your progress, adjust your strategies as needed, and celebrate your achievements along the way.

Start simple: Open a savings account, track your income and expenses, and set small, achievable goals.

Seek free resources: Many libraries and community centers offer free financial planning workshops and resources.

Consider professional help: Financial advisors can offer personalized guidance tailored to your unique circumstances.

Financial planning isn't about depriving yourself or living a life of limitations. It's about taking control of your finances and making your dreams a reality. With your champion by your side, you can conquer those milestones and build a brighter financial future for yourself and your loved ones.

[universalinfo]

The Financial Breakdown of Childcare in 2023

Childcare has always been a hot topic, especially considering its impact on family budgets and planning. In 2023, the stakes are as high as ever. With economic fluctuations, societal changes, and the increasing need for dual incomes, understanding childcare costs is imperative for parents across the globe. And while we’re delving deep into these costs, it’s essential to highlight the significance of management solutions like after school program software, which play a pivotal role in modern childcare settings.

A Deeper Dive into Child Care Costs Nowdays 

When it comes to child care in 2023, parents are presented with an array of options. The diverse segments within the childcare industry each come with their own price tags, intricacies, and benefits. Breaking down these categories can offer a clearer picture of what to expect financially and the value they bring to the table.

Daycares

The go-to for many families, daycare centers remain at the forefront of childcare choices. In the current year, these centers have witnessed consistent growth in terms of cost. If we were to put a figure on it, parents should brace themselves to shell out between $800 and $1,500 monthly for each child for after school daycare program. 

But what’s driving these prices upwards? Several elements come into play. The geographical location of the daycare, the ratio of caregivers to children, and the types of facilities and amenities they provide are primary determinants.

Babysitters and Nannies

For families seeking a more personalized touch or those in need of sporadic care, babysitters become the go-to. Their rates, predominantly dictated by the duration and timing of care, hover around $15 to $25 per hour. Nannies, however, are in a league of their own. They offer extended, dedicated care, often living with the family or working full-time. Their compensation reflects their extensive role, with weekly salaries oscillating between $500 and $1,000.

After-School Programs

With the modern work environment often stretching beyond the school bell, after-school programs have become indispensable for many families. Parents can anticipate costs ranging from $200 to $500 monthly. But it’s not all about the expenses. The integration of tools such as after school program software has revolutionized these setups. Efficiency, streamlined communication, and enhanced program structuring are now the order of the day, thanks to these digital solutions.

Understanding the Value Behind the Costs

Child care, although a significant expense, is not just about dollars and cents. Delving into the inherent value these services provide can help in appreciating the costs involved.

Educational Advancement

The modern child care center is no longer just a holding space for children. They have transformed into educational hubs. With many integrating after school program software, the curriculum and activities have seen significant enhancement. This ensures that kids get both care and education under one roof.

Social Interaction

Human beings are social creatures, and this trait is evident right from childhood. Child care centers act as social incubators where children mingle, play, share, and grow together. This social immersion is invaluable for their cognitive and emotional development.

Peace of Mind

At the end of the day, for parents juggling work and family life, there’s an intangible yet critical factor: tranquility. Knowing that their precious ones are in a space that’s not just safe but also nurturing provides a peace of mind that’s hard to put a price on. For more details visit us at https://supervisease.com/.

Cost-saving Tips

If you’re feeling the pinch, you’re not alone. Here are a few tips to help cut down on childcare expenses:

Government Assistance: Many governments offer subsidies or tax breaks for families using childcare services.

Shared Nanny System: Consider sharing a nanny with another family. This way, costs are divided, making it more affordable.

Leverage Technology: Platforms using after school program software often offer discounts for online payments or multiple enrollments. Keep an eye out for such opportunities.

The Shift to Digital Management

One cannot emphasize enough the role of digital solutions in today’s childcare sector. The After school program software, for instance, is transforming the way institutions manage their schedules, communicate with parents, and ensure the safety and development of children. These platforms are not only efficient but also help in optimizing costs, a benefit that can, in some cases, be passed on to the parents.

Conclusion

Child care in 2023 is undeniably a significant expense, but it’s an investment in the growth, safety, and well-being of our children. As the sector continues to evolve, tools like after school program software will play a significant role in shaping its future. Parents are advised to stay informed, look for cost-saving opportunities, and always prioritize the quality of care. After all, while costs might be high, the value derived from peace of mind and a nurturing environment for our children is priceless.

Read More:

Benefits of Afterschool App

[saraccounting]

Personal Taxes Calgary: A Comprehensive Guide

When it comes to personal finances, understanding the ins and outs of tax regulations is essential. In this article, we will delve into the world of personal taxes in Calgary, Canada. From tax brackets and deductions to tips for tax optimization, we've got you covered.

Personal Taxes CalgaryThe Basics of Personal Taxes

1. Tax Residency Status

Understanding your tax residency status is crucial. Calgary residents are subject to federal and provincial taxes, and your residency status determines your tax obligations.

2. Tax Brackets

Calgary's progressive tax system means that higher incomes are taxed at higher rates. We'll break down the tax brackets and provide examples to help you estimate your tax liability.

3. Tax Deductions and Credits

Discover the various deductions and credits available to Calgary taxpayers. From RRSP contributions to childcare expenses, learn how to maximize your tax savings.

Filing Your Taxes

1. Filing Deadlines

Stay informed about important tax deadlines in Calgary to avoid penalties and interest charges.

2. Filing Methods

Explore the different ways you can file your taxes in Calgary, including electronic filing and the traditional paper method.

3. Hiring a Tax Professional

Consider the benefits of hiring a tax professional to ensure accuracy and optimize your return.

Tax Optimization Strategies

1. RRSP Contributions

Learn how contributing to a Registered Retirement Savings Plan (RRSP) can reduce your taxable income and secure your financial future.

2. Tax-Efficient Investments

Discover the world of tax-efficient investing and how it can help you grow your wealth while minimizing tax liabilities.

3. Charitable Donations

Explore how charitable donations can not only make a positive impact but also provide tax benefits.

Conclusion

In conclusion, personal taxes in Calgary can be complex, but with the right knowledge and strategies, you can optimize your tax situation and save money. Remember that tax laws can change, so staying up-to-date is essential. Consulting a tax professional is often a wise choice to ensure compliance and maximize your returns.

[henrybusinessblog]

Your Guide to Manitoba's Cost of Living: Budgeting Tips for Success

Ah, Manitoba—the region in the center of Canada, where prairies and lakes converge, and bustling cities coexist with the tranquil countryside. 

Understanding the cost of living in Manitoba is important, whether you're a local trying to settle down or a newcomer considering making this province your home. Let's dissect the financial structure of this province, from housing to daily costs, and provide you with crucial budgeting advice for a well-balanced lifestyle.

What Is the Cost of Living In Manitoba, and Where Should I Live?

There are many different ways to live in Manitoba, each with a different cost. The vibrant capital of Winnipeg combines urban comforts with ethnic diversity. 

A one-bedroom apartment typically costs $1011 per month to rent, with some regional variations. For products here, you will have to spend approximately $370 per month per person.

Brandon offers a peaceful alternative for people who seek a calmer pace. This city has a strong sense of community and relatively low living expenses. Housing expenses are frequently even more reasonable in rural areas; however, you might have to give up some conveniences.

Supports and Initiatives from the Federal Government In Manitoba

It makes sense to take advantage of the support networks the federal government has built for provincial residents instead of payday loans Manitoba before delving further into budgets. As safety nets, the Canada Child Benefit (CCB), Old Age Security (OAS), and the Guaranteed Income Supplement (GIS) offer financial assistance when required.

The CCB helps families by providing tax-free monthly payments to help with childcare costs. OAS and GIS, which provide financial padding for seniors during their golden years, can provide comfort. Being aware of these may have a significant impact on your financial planning.

Another program, the Canada Workers Benefit (CWB), is made to help the lowest-paid workers, who frequently fill crucial roles in the economy, supplement their income.  

Through the current tax return payment, the CWB may offer as much as $1,428 CAD for lone employees or as much as $2,461 CAD for families. This will significantly contribute to reducing the rising expense of living.

Thanks to state and provincial programs, Manitoba has now become a more attractive place to live. The estimated population of Manitoba in 2022 was 1.41 million, nearly 300,000 more than in 2000.

5 Budgeting Tips and Insights for Living in Manitoba

Harmony in Housing

Your home may be your biggest expenditure. Make sure everything fits into your budget, whether it's buying a lovely house or renting a pleasant apartment. Consider roommates, look into the neighborhood, and strike a balance between comfort and expense.

Navigating Transportation

The cost of transportation can change depending on where you live and work. Public transportation in Winnipeg is effective, but having a car may be necessary if you live in a more remote region. Consider the cost of fuel, insurance, and maintenance as a whole.

The Basics of Necessities

Your budget is impacted by electricity and groceries. Even though Manitoba offers a good quality of life at an affordable price, you still need to budget properly. Be savvy when you shop, choose regional markets, and embrace meal preparation. Similarly, conserve energy to reduce your electricity costs.

Health Comes First

Although Manitoba's healthcare system is impressive, unexpected medical costs can still happen. To be ready, set aside money for prescription drugs, dental cleanings, and eye care.

Finding Fun on a Tight Budget

A balanced existence requires both leisure and entertainment. Several activities are inexpensive or free in Manitoba. Discover your neighborhood parks, attend neighborhood gatherings, and take advantage of nature's marvels without breaking the bank.

Conclusion

As you welcome the idea of relocating to Manitoba, keep in mind that wise budgeting is the secret to achieving financial stability. Every part of Manitoba has something special to offer, from the metropolitan attraction of Winnipeg to the peaceful beauty of country life.

Consider government assistance, exercise fiscal restraint, and update your budget as circumstances change. You can live a life that is both full of experiences and financially secure by finding a balance between taking advantage of the many different things this province has to offer and managing your funds wisely.

Although the expense of living in Manitoba is a problem, it may be resolved with careful preparation and a dash of ingenuity. Therefore, start your new chapter with the confidence that you are prepared to understand Manitoba's financial complexities and make the most of everything this beautiful province offers.

[donnabroadway]

Education is a luxury

Education is a luxury. I know people argue that it's a right but it's not, a luxury and education only became a publicly funded thing available for all once the rich realized they needed a workforce that could do the basics, like read, write, and deductively reason, aka use common sense to make basic decisions but education was never intended to be a luxury for everyone, hence education becoming unaffordable and student loans pretty much only being able to be discharged in the event of death or proven fraud and even public service forgiveness is a longshot. Education, like most things, has fallen victim to capitalism and schools have become a business and the average consumer is suffering and the government doesn't have to care and frankly it doesn't, it just wants to avoid a riot which is why they have been appeasing us with the dangling carrot of student loan forgiveness and payment pause.

There are some things that straddle the border of necessity and luxury. There are things that are clearly a luxury but some things that are technically necessities but society has made them luxuries. Childcare, while it is a necessity, is often treated like a luxury because the 40 hour work week was allegedly built on the idea that one parent would be home, because why does school start at 8:30-9:30 and end at 3:30-4:30 a time when most parents are either at work or commuting to work. Makes no sense and doesn't fit in this current society where the basics we need to live, not luxuries like Starbucks or Netflix, are being inflated and a lot of people are drowning to stay afloat. While researching this, I often ran across the quote that says "quality education is a right, not a luxury." Sorry to break it to you but while, yes, students should learn in a safe, clean environment, with qualified teachers, we know that is not always the case. You get the education you can afford which is why poorer neighborhoods with lower property taxes get the worst, or no schools, little to no resources, and unqualified or uninterested teachers. It is no coincidence that the schools and school districts in Maryland, the wealthiest state in America, are consistently amongst the top ranked in the nation and the top schools are in the state's wealthiest zip codes. If education is as worthless as social media is trying to convince us that it is, then why are the wealthy spending upwards of millions of dollars on private school education, tutors, activities, and nearly a million to ensure their children gain entry into top ivy league schools.

If there is one thing the wealthy invests in, it is not shoes, bags, jewelry, clothes, perfumes, or even vacations, all things that look expensive but the average person can dupe, it is education. The first thing wealthy people do is make sure their children go to the best schools that money can buy and we can't dupe that. Education was always intended for the wealthy, gifted, talented or those that have grit, it was never intended for the masses and the student loan crisis, although a systematic issue on so many levels, still shows that many of us cannot afford the education we want or think we deserve. The wealthy invest in education. While the children of wealthy may never fill out a formal job application and may only work for their parents company or that of their friend, they always get quality education and they go to the best schools. If they go to a state school, it is university of or the a legacy school, not state university. Education is a luxury that many people simply can't afford. Why do you think it is expected that parents will pay university? Because the children of those who could afford to pay, would pay their children's tuition, it was expected, now it is an anomaly if parents pay and people on social media will argue someone down and call them entitled, if they state they expect their parents to pay or even that their parents have invested in them financially beyond the bare minimum of food, shelter, basic education, and clothing, you know things the government requires to keep you our of jail. I think part of the reason we are so divided on student loans, universal health care, and any sort of social program is because we've been trained to see the wealthy's wins as wins for us, hence the trickle down effect, even if it's never actually trickled in the 40 years since Reagan coined that term. There is a reason why we see Lebron's scoring records and wealth as wins for the overall community, even though few of us will have little interaction with Lebron outside of watching him do his job is because we've been trained to believe that somehow Lebron becoming a billionaire will somehow benefit us. We believe that he will give the money to the community in the form of giveaways, jobs, tax contributions, and handouts. We don't see the wealthy as resource hoarding because we believe that when they win, we win. We see education as a form of privilege, even if someone got into debt to get it because we cannot benefit from it unless they become uber wealthy or powerful. Your cousin with the student loan debt but average house, average car, average job, and average family is of no benefit to you. Your wealthy cousin at least allows you some privilege proxy but giving jobs to family members, giving money, hosting events in their big homes, allowing us to join the spoils of wealth by using their toys, wearing their discarded clothes, some never worn with labels, in brands we can't afford, and just being able to say "so and so" is my cousin. That is why are not angry when PPP loans are forgiven because the scam is seen as something aspirational and somehow we believe it benefits the greater community.

What do I believe will happen next? They will keep dangling student loan forgiveness in front of us, a lot of universities will see their funding cut, will continue to wave requirements, or even close because less people are going to college due to the crisis and not really seeing the benefit of getting into debt when there are other options. I don't think we should push trades onto everyone because, while they are a good alternative and you can make a lot of money, they still require training and an educational element, even if the cost is free or low. It takes time to get certified for a trade and I suggest people think twice before picking their trade and honestly, no career seems to be stable with lay offs across the board. I also don't like parents pushing their kids to community college or limiting their educational options. If they want to go to Harvard, they need to figure out how to pay for Harvard. I don't believe in limiting. I think certain colleges are going to have to pivot because schools are a business but certain legacy schools have a large endowment and will cover tuition for students whose parents make a certain amount. I don't think higher education will ever go away because the elite need something to distinguish them from everyone else and education is important to them, I just think the degree requirement will be waived from more jobs and companies and education will only be for the elite, really smart, really talented, or really hard working, like it's always has been.