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Re: Marriage - Wouldn't it be better to eliminate all tax deductions?
Posted on 7/29/14 at 8:59 pm
Posted on 7/29/14 at 8:59 pm
Rephrasing an earlier thread that didn't get much airtime.
Why aren't we discussing a more fundamental question of eliminating the government's ability to influence behavior through the tax code? In the marriage debate everyone seems to be assuming that it is just for the government to dole out incentives for behavior.
Implement the FairTax - problem solved.
Why aren't we discussing a more fundamental question of eliminating the government's ability to influence behavior through the tax code? In the marriage debate everyone seems to be assuming that it is just for the government to dole out incentives for behavior.
Implement the FairTax - problem solved.
Posted on 7/29/14 at 9:01 pm to weagle99
quote:
Re: Taxes - wouldn't it be better to have a flat tax and eliminate all tax deductions?
Yes.
Posted on 7/29/14 at 9:11 pm to weagle99
quote:yes.
Marriage - Wouldn't it be better to eliminate all tax deductions?
the deductions are insufficient to drive behavior, and there is really no other rationale for them to exist.
Posted on 7/29/14 at 9:26 pm to weagle99
quote:
Implement the FairTax - whole $hit load of problems solved
FIFY.
Posted on 7/30/14 at 12:52 am to Mr.Perfect
by Fair - you must mean Flat.
Posted on 7/30/14 at 7:44 am to AUX3
quote:
by Fair - you must mean Flat.
I haven't looked into the numbers of fair tax proponents but inevitably they are all demagogued with the 'benefits the rich' / 'hurts the poor' choruses.
All I know is that I am NOT rich or poor, and the amount that I was left on the hook for could have purchased a new vehicle or a couple of years of higher education.
I am literally sickened when I hear the 'we don't have a spending problem we have a revenue problem' bullshite.
Posted on 7/30/14 at 8:03 am to NC_Tigah
quote:This may be true with respect to marriage, but it is not true with respect to other tax incentives aimed at families. When the number of children used to determine the earned income credit was increased from two to three there were millions of instances when children were claimed by a different person than the taxpayer who had claimed the third child the year before.
the deductions are insufficient to drive behavior, and there is really no other rationale for them to exist.
Ask any H&R Block employee about the earned income credit claims for 2012. They will tell you tales of returns rejected by the IRS because more than one taxpayer tried to claim the same child as a dependent.
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