Many tax code simplifications amount to tax increases, and some of the best of those are hard to sell to the middle class, e.g. eliminating home mortgage deduction. And taxes on capital gains should be higher.
Depends on what you set as the deduction for a flat-rate tax. I don't think the voter has had any effect on tax law in a long time. It is all special interest groups and people trying to influence behavior through taxes.
I would love them to eliminate the home mortgage deduction, because it is another factor encouraging people to buy homes when they shouldn't. I would also say taxes on capital gains should be zero. Too many normal Americans don't have traditional pensions and will need the tax break in later years.
Comments
Many tax code simplifications amount to tax increases, and some of the best of those are hard to sell to the middle class, e.g. eliminating home mortgage deduction. And taxes on capital gains should be higher.
Depends on what you set as the deduction for a flat-rate tax. I don't think the voter has had any effect on tax law in a long time. It is all special interest groups and people trying to influence behavior through taxes.
I would love them to eliminate the home mortgage deduction, because it is another factor encouraging people to buy homes when they shouldn't. I would also say taxes on capital gains should be zero. Too many normal Americans don't have traditional pensions and will need the tax break in later years.