Uganda is set to introduce tax on children
By Drone Reporter
News from the corridors of power is that Uganda will soon introduce tax on children. According to Minister Hon Mutuzo, any Ugandan who will produce more than two children will be required to pay for the extra children produced.
In Uganda, you have to pray for musicians who, we hear have as many kids as 20 per person. Unconfirmed reports say singer Weasel Manizo beats all musicians, so if that law is introduced, the Nakudatta singer might be in chaos.
God’s case no appeal, whereas Uganda is proposing tax on children, in the US people are paid colossal sums of money if they have children.
For example, if you have children or other dependents under the age of 17, you are likely qualify for the Child Tax Credit. It’s been increased as part of the American Rescue Plan, which was signed by President Biden in March 2021 as part of a U.S. government effort to help families deal with the financial hardships stemming from the pandemic. Direct cash payments began on July 15.
Kiddie Tax
In America there is what is called Kiddie Tax; which is imposed on individuals under 19 years old whose investment and unearned income is higher than an annually determined threshold. The IRS taxes any income exceeding the predetermined threshold at the parent’s tax rate.
For 2020, the Child Tax Credit began to phase out (decrease in value) at an adjusted gross income of $200,000 for Single or at $400,000 for Married Filing Jointly). When figuring income for the purposes of the Child Tax Credit, individuals must include any foreign income exclusions.
Why is this law or bill not being tabled, today? Instead, MP Muhamad Nsereko runs around with a fake bill that is believed to have been a thought of his boss. Unfortunately, it fell flat and will never surface.