Quote:
Originally Posted by PiKA2001
I get so mad when I read bullshit like this, we need tax REFORM! No wonder we are in the financial shit-storm that we are currently in. Half the country doesn't pay taxes and the other half that does can write off everything from breast pumps (health spending) to handjobs (business entertainment). I'd like to see an end to credits and deductions save for people who make under $20,000 and medical and education costs.
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Nope, we need to keep the mortgage interest deduction. It's saving my butt.
The thing is, the wealthiest of the wealthy know all the tricks (or their CPAs do) and end up paying far less than their share in income taxes. The lowest-income people are entitled to certain deductions and credits, so they pay little to nothing in taxes (and may even get money back from the IRS) - and this is appropriate, as they're already having enough trouble making ends meet. But the middle and upper-middle classes get screwed.
And while we're on the subject of tax reform, can we get rid of the damn marriage tax penalty? Seriously, my husband and I would be paying a lot less in taxes if we'd just continued living in sin.