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HomeMy WebLinkAboutMINUTES - 02281989 - IO.4 TO: BOARD, OF SUPERVISORS 1. 0. 4 INTERNAL OPERATIONS COMMITTEE1. Contra FROM: Costa February 13 , 1989 , a y: 4o County DATE: c�rra------ Child Care Tax Credit SUBJECT: SPECIFIC REQUEST(S)OR RECOMMENDATION(S)&BACKGROUND AND JUSTIFICATION RECOMMENDATIONS: 1 . Request the County Administrator to forward his report on the cost of implementing the child care tax credit to Congressman George Miller for his information. 2 . Request the County Administrator to forward copies of his report on the cost of implementing the child care tax credit to members of the Child Care Task Force and notify them that the Internal Operations Committee would like to meet with them on March 13 , 1989 at 8 : 00 A.M. to discuss the status of several child care related issues. 3 . Leave this item on referral to our Committee. BACKGROUND- On December 13 , 1988 , the Board of Supervisors referred to our Committee the issue of the cost to implement the suggested changes in the child care tax credit. These included an increase in the maximum allowable child care costs, an increase in the percentage of those costs which are deductible and reimbursement of unused child care credits to low-income households. The County Administrator' s Office presented us with the attached report on February 13 , 1989. The report shows that many low- income households cannot afford to pay large amounts for child care and, therefore, an increase in the maximum allowable is of little benefit to them. While an increase in the percentage of child care costs which can be deducted would be helpful to low- income families, many do not actually get the benefit of the child care credit because they owe little or no income tax. CONTINUED ON ATTACHMENT: X YES SIGNATURE: RECOMM NDATION OF CO_ TYA MINI TRATOR X RECOMMENDATIO OARD COMMITTEE X APPROV O HER G" SIGNATURE(S): om Power Sunne Wright McPeak ACTION OF BOARD ON February 28. 1989 APPROVED AS RECOMMENDED X OTHER VOTE OF SUPERVISORS I HEREBY CERTIFY THAT THIS IS A TRUE X UNANIMOUS(ABSENT I I I ) AND CORRECT COPY OF AN ACTION TAKEN AYES: NOES: AND ENTERED ON THE MINUTES OF THE BOARD ABSENT: ABSTAIN: OF SUPERVISORS ON THE DATE SHOWN. CC: County Administrator 078 /989 Director, Community Development ATTESTED Social Services Director PHIL BATCHELOR LERK OF THE BOARD OF Members , Child Care Task Force (via CAO) SUPERVISORS AND COUNTY ADMINISTRATOR Congressman George Miller (via CAO) BY DEPUTY M382 (10/88) ff Page 2 Therefore, , the report concludes that the most beneficial change for low-income households would be to reimburse them for unused child care credits which exceed their income tax liability, along the same lines as the earned income credit which benefits households with an employed adult, a minor child and an adjusted gross income below $11, 000. This would be of substantial benefit to low-income households, with or without an increase in the percentage of child care costs which can be deducted. Our Committee would like the report shared with Congressman Miller. In, addition, our Committee would like to meet with the Child Care Task Force to discuss this report, plans for legislation at the State level, and the status of efforts to get the cities to agree to increase their transient occupancy tax. OFFICE OF COUNTY ADMINISTRATOR CONTRA COSTA COUNTY Administration Building Martinez, California Supervisor Tom Powers To: Supervisor Sunne McPeak Date: February 7, 1989 INTERNAL OPERATIONS From: Claude L. Van Marter Subject: Child Care Tax Credit Assistant Administrato On December 13, 1988, the Board of Supervisors referred to your Committee the issue of what the Board' s previous child care tax credit would cost. In an effort to arrive at some. analysis of this data, our office wrote to Congressman George Miller requesting information from the Internal Revenue Service. We received, in response to our request, a detailed analysis of 1985 income tax returns and, in reviewing this income tax information, have reached the following conclusions: • In 1985, there were 101.7 million individual income tax returns filed with the Federal Government. ® Of these, 8.4 million claimed $3 .1 billion in child care credits. Of this number, 1. 9 million were from individuals whose adjusted gross income was under $15,000 . These claims for child care totaled $669.7 million. An additional 1. 1 million individuals with adjusted gross incomes between $15,000 and $20,000 claimed $463.7 million in child care costs. These figures, however, include 957,526 returns claiming $314,324,000 in child care credits where the individual was classified as "non-taxable" , meaning that after the application of the child care tax credit they had . no tax liability. This data can perhaps better be displayed as follows: Cum o Income # of Cum o Credits of Level Returns of Total Claimed Total Under $5000 32,734 < to $ 4, 800,000 < to $5000-$10,000 696,856 8 .70 $ 175,053 ,000 5 .70 $10, 000-$15 ,000 1,153 ,487 22 . 30 $ 489,850,000 21. 40 $15,000-$20,000 , 1,072, 872 35 . 10 $ 463 ,646,000 36 . 20 $20,000-$25 , 000 996, 644 46 . 90 $ 382, 137,000 48 . 40 $25, 000-$30,000 934,722 58 . 0% $ 319 ,187,000 58 . 60 . Above $30, 000 3 ,530, 207 100. 00 $1,293, 028,000 100 . 00 Page 2 In interpreting these figures, one must remember that the maximum amount of ' child care which could be claimed was $2400 for one child and $4800 for two or more children. In addition, only a percentage of that amount could be claimed. For those with incomes below $10,000, 30o could be claimed. This percentage is reduced to 20o for those with incomes above $28,000. As an example, those with incomes between $10,000 and $15 , 000 claimed an average of $425 . 00 each in child care expenses for the entire year. However, as will be seen shortly, it is unlikely that most of the lower income individuals actually received the full benefit from the child care credit. Let us take as an example the group making between $5,000 and $10,000 per year and display their income, deductions, credits, and taxes as follows: ANALYSIS OF RETURNS FILED WITH AN ADJUSTED GROSS INCOME BETWEEN $5,000 AND $10,000 DESCRIPTION RETURNS DOLLAR AMOUNT Totals $16, 156 ,293 Adjusted Gross Income . $121,857,916,000 Minus Deductions & 35,881,885,000 Exemptions Taxable Income $ 85,976, 031,000 Deductions & Exemptions 1, 989 , 981 Exceed AGI Income Tax on Taxable Income before Credits 14, 166,312 $ 5,722,761,000 Claimed Credits ( including Child Care Credit) 3,308, 254 $ 653, 414,000 Claimed Credits Eliminate Tax Liability 2 ,144,848 Income Tax after Credits 12,021,464 $ 5,069, 347, 000 Alternative Minimum Tax 1,596 $ 15,174 ,000 Total Income Tax 12,023, 060 $ 5,084, 521,000 Number of Returns Paying No Tax 4,133 ,233 Tax as a o of AGI 4 . 2% Average Income Tax Paid $315 Let us look more carefully at the credits that were claimed, including the child care credit, and determine what happens to the child care credit. . i Page 3 Average Adjusted Gross Income $7,542 Average Deductions & Exemptions $2,221 Average Taxable Income $5 , 321 Average Income . Tax before Credits $ 404 Average Child Care Credit $ 251 Balance of Tax Liability $ 153 Average Earned Income Credit $ 169 Taxes Due $ 0 We have included the earned credit in these cases because practically every person with an adjusted gross income under. $11,000 who has a child in the home and earned income is entitled to the earned income credit. This credit provides a credit of up to $550. This credit not only reduces taxes to zero, but if there is a remaining balance it is rebated to the taxpayer. At this income level a total of 2,659,056 taxpayers received actual rebates on their taxes totaling $898,352,000, or an average of $337 . 80 each. These taxpayers paid no federal income tax and actually received a rebate from the federal government. It seems reasonable, therefore, to conclude that families in the $5000 to $10,000 income bracket are receiving a child care credit of $251 which directly reduces their taxes and an earned income credit which eliminates their income tax liability, the balance of .which is directly rebated to them. The maximum child care credit for this income group is $720 for one child and $1440 for two or more children. Of the total returns filed in this income group, 3 ,880,937 contained an exemption for one or more children in the home and are probably . the ones more likely to have received the child care credit and the earned income credit. This income group also contained 3,095,866 returns which claimed an exemption for an individual over the age of 65 and are unlikely to have also received the child care credit or the earned income credit. Of the 3 ,880,937 returns which claimed an exemption for one or more children living in the home, only 827,205 had a tax liability. This liability averaged $214. If we move to the group with incomes between $10,000 and $15,000, we see a different picture because only those with incomes of less than $11,000 are entitled to the Earned Income Credit. Page 4 i DESCRIPTION RETURNS DOLLAR AMOUNT Totals 13 ,821,764 Adjusted Gross Income $171 ,940, 239, 000 Minus Deductions and Exemptions $ 38,755,005,000 Taxable Income $133 ,185,234, 000 Deductions & Exemptions Exceed AGI 233,745 Income Tax on Taxable Income before Credits 13,585,713 $ 12,927,133,000 Claimed Credits (including Child Care Credit) 2,615,854 $ 759,376,000 Claimed Credits Eliminate Tax Liability 436,786 Income Tax after Credits 13,148,927 $ 12,167,757,000 Alternative Minimum Tax 3,265 $ 7,168,000 Total Income Tax 13 ,152,192 $ 12,724,925,000 Number of Returns Paying No Tax 669,572 Tax as a o of AGI 7. 10 Average Income Tax Paid $881 Let us again look more carefully at the credits that were claimed, including the child care credit, and determine what happens to the child care credit. Average Adjusted Gross Income . $12,440 Average Deductions & Exemptions $ 2,804 Average Taxable Income $ 9,636 Average Income Tax before Credits $ 952 Average Child Care Credit $ 425 Balance of Tax Liability $ 527 Average Earned Income Credit (Returns with AGI under $11,000) $ 60 Taxes Due (Incomes $10, 000-$11,000) $ 467 Taxes Due ( Incomes $11,000-$15,000) $ 527 Again, we have included the Earned Income Credit for those households whose adjusted gross income was under $11,000. At this income level, 113, 146 taxpayers received actual rebates of $5, 584,000 or an average of $49 each. Page 5 i Again, thel maximum child care credit for this group varied from $648 to $696 for one child (at 29%, 28%, or 27% of the maximum allowable of $2400) , and from $1296 to $1392 for two or more children (at 290, 280, or 270 of the maximum of $4800 for two or more children) . Of the total returns filed in this income group, 4 ,149,793 contained an exemption for one or more children in the home. These are felt to be the returns which were most likely to benefit from the child care credit. The Board of Supervisors has proposed some combination of three changes to the child care credit: Increase the maximum deductible amount from $2400 for one child to $3600, and from $4800 for 'two or more children to $7200. Second, increase the percentage of the deductible child care costs which can be deducted, and third, institute an actual rebate of any unused child care credits once total tax liability has been eliminated. Since we have no data on the actual cost of child care, it is difficult . to estimate how much increases in the maximum . deductible for child care would cost. However, since the average child care credit being claimed is well below the maximum allowable, it appears that simply increasing the amount which can be deducted may not be of much help. We can probably assume that the problem at these income levels is that the family does not have enough money to afford quality child care. Allowing them to deduct more when they can only claim 300 of their costs probably will not help. What the group with incomes under $10,000 appear to need is subsidized child care so that they can improve the quality of their child care without having to spend any more money doing so. This becomes more evident when you see that the group in the $10,000 to $15,000 incomes are claiming substantially more in child care credits, even though the maximum amount they can claim is less than is true with the groups below $10,000 in income. One might postulate that groups with up to $15,000 in income are able to spend more of their income on child care, thereby permitting them to claim more of a credit on their income taxes. Likewise, given the information we have available, families with incomes below $15,000 are not going to be helped to any great extent by increasing the $2400 and $.4800 limits. They simply cannot afford to pay more than that for child care. Without more detailed information on the actual claims for child care, it is impossible to estimate what impact an increase in child care would accomplish. Page 6 I The one suggestion which does seem to be of value to those with incomes below $15,000 is the idea of rebating allowable child care credits which are now lost because there is no tax liability before or during the application of tax credits. In the income groups with income between $5,000 and $15,000, there are 2 . 2 million returns which had no tax liability after the application of deductions and exemptions, but before the allowance of any child care credits. To the extent that these families had child care credits, a rebate would have been of considerable value. For instance, there were 3,468,015 returns filed with incomes between $5,000 and $15, 000, and four or more exemptions other than for age or blindness. Of these, only 1,716,164 had any tax liability after the application of these exemptions. Thus, all child care credits for some 1,751,851 families in this group were lost because the family had no tax liability. Those with incomes between $5,000 and $15,000 claimed an average of .$359 each in child care credits. If these 1,751,851 families could have claimed the average amount of child care credit, the rebate would amount to $628 ,914, 509 without doing anything to increase the maximum allowable credits or the percentage of that maximum which can be claimed. Following is a table which demonstrates the value of the rebate for those who have no tax liability after the application of deductions and exemptions, but before tax credits like the child care credit are applied: RETURNS WITH ZERO COST OF REBATE INCOME LEVELS TAX LIABILITY AFTER AT AVERAGE CHILD UNDER $20,000 DEDUCTIONS & EXEMPTIONS CARE CREDIT* Two Exemptions 3 ,960,619 $1,518,540, 931 Three Exemptions 1,209,385 $ 463 ,690, 303 Four Exemptions 1,503 ,577 $ 576, 486,458 Five or more Exemptions 1,282,353 $ 491,666 ,964 TOTALS 7, 955, 934 $3 , 0501384 ,656 *A total of 2, 955,949 returns with incomes below $20, 000 claimed a total of $1,133,349 , 000 in child care credits for an average of $383 . 41 per return. J i Page 7 Therefore, it seems safe to indicate that if a rebate were instituted for all unused child care credits for families with two or more exemptions and incomes below $20,000 that did not have an exemption for age or blindness, the cost of the rebates might exceed $3 billion on the basis that many people without any tax liability probably did not bother to claim the credit. In addition, there were. 2 . 5 million returns which eliminated all tax liability in the process of applying tax credits, primarily the child care and earned income credit. Since the child care credit is applied first to any existing liability and then the earned income credit is applied to remaining liability with any remaining balance being rebated, it is more likely that these groups got full credit for their child care credit. However, clearly some did not and a rebate of the unused child care credit would provide much needed cash in their pockets. A great deal of useful information is available on the application of the child care credits and additional data can be provided to your Committee, if you wish. This very preliminary analysis is only a starting point. CLVM:clg