SUBSIM Radio Room Forums - View Single Post - Permanent tax breaks for the upper 1% ?!?

Platapus · 08-24-10, 08:37 PM

The government does not need to raise the tax rate, all they need, and in my opinion should, do is cut deductions.

I have never seen the logic in setting high tax rates and then allowing myriad deductions. How about lowering the tax rate and getting rid of the deductions.

Deductions only seem to benefit those who can afford tax attorneys and have access to "alternative" tax shelters.

How much of the IRS budget is spent dealing with tax deduction issues?

So no, I don't get worried if the rich have their tax rates increased from 36% to 39%, they have access to tax attorneys and have myriad ways of sheltering their money to the point they may be paying less in taxes than I do as a working slug. And in in the end, they are still rich.

08-24-10, 08:37 PM	#10
Platapus Fleet Admiral Join Date: Oct 2006 Posts: 19,399 Downloads: 63 Uploads: 0	The government does not need to raise the tax rate, all they need, and in my opinion should, do is cut deductions. I have never seen the logic in setting high tax rates and then allowing myriad deductions. How about lowering the tax rate and getting rid of the deductions. Deductions only seem to benefit those who can afford tax attorneys and have access to "alternative" tax shelters. How much of the IRS budget is spent dealing with tax deduction issues? So no, I don't get worried if the rich have their tax rates increased from 36% to 39%, they have access to tax attorneys and have myriad ways of sheltering their money to the point they may be paying less in taxes than I do as a working slug. And in in the end, they are still rich. __________________ abusus non tollit usum - A right should NOT be withheld from people on the basis that some tend to abuse that right.