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Moms with 4 kids will pay no income tax as Hungary hopes for baby boom | | Yoga Beauty Health
Breaking News EmailsGet breaking news alerts and special reports. The news and stories that matter, delivered weekday mornings.SUBSCRIBEFeb. 11, 2019, 10:12 AM GMTBy Associated PressBUDAPEST, Hungary — Hungary's government announced new tax benefits for families on Sunday as part of an effort to increase the birth rate while holding a hard line against immigration.The measures announced by Prime Minister Viktor Orban during his "state of the nation" speech are meant to encourage women to have more children and reverse population decline."We need Hungarian children," Orban said.The benefits include: A lifetime personal income-tax exemption for women who give birth and raise at least four children and a subsidy of $8,825 toward the purchase a seven-seat vehicle for families with three or more children.A low-interest loan of $35,300 for women under age 40 who are marrying for the first time. A third of the debt will be forgiven when a second child is born and the entire loan waived after