I think this tax cut experiment will be really quite something. And Trump is going to own it...
Trump Tax Reform - a total squeeze on middle class W2 workers
- Thread starter RedDuke
- Start date
According to Ryan and Brady (who are...... mildly, reliable), it's part of this proposal.
In 2004 California implemented a program called ReadyReturn where they calculated your state taxes for you, and if you liked their calculation, you simply had to sign the form and pay the tax. If you didn't like their calculations, you could go back to using the old state forms. They did a test with 11,000 Californians and 98% liked it. A year later the program was killed, because Intuit, the TurboTax people, lobbied heavily against it.
The moral of the story is don't for a second think that the politicians are interested in making your taxes easier. Ever bit of complication in the tax code is there to benefit some party, and the overall complication itself benefits CPAs and tax lawyers.
Standard deduction big bump +++++
I'd like them to completely repeal home mortgage deductions
All that does is jack up the price of houses
I'd like them to completely repeal home mortgage deductions
All that does is jack up the price of houses
Of course. The only fair and Constitutional way to levy income tax is as a "flat tax". If there is to be a "low income" exemption... say, $30-$40K, EVERYBODY GETS IT! Amounts above the exempt level is flat rate... same for everyone.
Progressive tax rates are a tool of power and control... government ain't giving that up for the sake of "fairness".
Speaking of "Fairness In Taxation"...
We all know it's a CRIME to discriminate against others on the basis of religion, color, ethnicity, race, sexual preference, gender, and who knows WTF else... even WEIGHT! But it's OK to discriminate against INCOME! And yet nobody bitches. Tsk, tsk.
Why is that? Ever give it any thought??
We all know it's a CRIME to discriminate against others on the basis of religion, color, ethnicity, race, sexual preference, gender, and who knows WTF else... even WEIGHT! But it's OK to discriminate against INCOME! And yet nobody bitches. Tsk, tsk.
Why is that? Ever give it any thought??
you can change your income: don't like being discriminated against, stop working; problem solved.
you can't change your skin color or sexual preference.
edit: [add] or any of the other things
you can't change your skin color or sexual preference.
edit: [add] or any of the other things
Stupid argument!
So stupid, in fact, that's enough for you... on the very first post you've made that I've recognized... to make my ON IGNORE list!
Wow we actually agree on something.
The mortgage interest deduction is like federally subsidized student loans: both are social engineering programs that create artificial inflation.