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re: Tax Code Proposal 2014

Posted on 3/2/14 at 2:35 pm to
Posted by TWD7105
Member since Feb 2014
130 posts
Posted on 3/2/14 at 2:35 pm to
Anyone noticed all the deductions that are straight missing this year - Teacher Deduction, Tuition Deduction.
Posted by deltaland
Member since Mar 2011
90876 posts
Posted on 3/2/14 at 3:23 pm to
I they would eliminate all deductions if they lowered taxes across the board.

It wouldn't increase the tax burden on anyone if done right, and would eliminate the "picking winners and losers" that come from tax deductions.

I really hate deductions that provide an incentive, such as marriage or child tax deductions. Getting a tax break should not be a factor in someone making a decision to get married or have a kid.
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