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They could just raise the standard deduction to make up for some of the lost tax break. I think the state income tax deduction (on federal tax form) should be eliminated before this one.
I personally have nothing to gain by fighting, I have no mortgage.
I'm sure you've heard the...
When they came for the xxxx, it didn't effect me so I didn't get involved.
...
When they came for me there was no one left.
One by one they will chip away at items that affect people. One day it will be an item that directly affects you.
If you don't unite with the others then they will not come to your defense.
This deduction doesn't impact the poor and doesn't impact the rich.
It directly impacts the middle class who make the most of it to get a bigger deduction than the standard one.
I say let us go over the fiscal cliff. American voters need to be taught a very tough lesson. Voting for the (half) black guy because he has a radiant smile, throws around soaring rhetoric without the means to back it up, and because he's not Mitt Romney should have consequences.
I agree. It will be funny to watch wet cats scream when they didn't have to pay taxes and with the expiration they will have to pay. It will be something to watch Obama voters scream because it was supposed to be someone else not them.
You want higher taxes? Then everyone should pay higher taxes.
Deductions are not entitlements. My money belongs to me. Sending less of my money to the idiots in DC is not an entitlement.
It's an entitlement, no matter how you spin it. YOU owe that money to the BANK, because you could not afford to pay for your house incash. YOU took a mortgage, and now you expect the the taxpayer to subsidize the interest.
Quite honestly I am tired of paying for your bills.
It's an entitlement, no matter how you spin it. YOU owe that money to the BANK, because you could not afford to pay for your house incash. YOU took a mortgage, and now you expect the the taxpayer to subsidize the interest.
Quite honestly I am tired of paying for your bills.
Go ahead Congress, - cut the deduction.
Wrong on many counts. Some people CHOOSE to take a loan so they can invest their cash. NOT because they cannot afford to pay for their house in cash.
And I agree with removing the interest deduction along with many others, but it should be coupled with a tax rate decrease. The feds don't need more money to waste.
I'll help you out;
en·ti·tle·ment
[en-tahy-tl-muh nt] Show IPA
noun 1. the act of entitling.
2. the state of being entitled. 3. the right to guaranteed benefits under a government program, as Social Security or unemployment compensation.
When they came for the xxxx, it didn't effect me so I didn't get involved.
...
When they came for me there was no one left.
One by one they will chip away at items that affect people. One day it will be an item that directly affects you.
If you don't unite with the others then they will not come to your defense.
This deduction doesn't impact the poor and doesn't impact the rich.
It directly impacts the middle class who make the most of it to get a bigger deduction than the standard one.
Agree. Those who are in their twenties, thirties, and forties should be spending some time fighting this. As I see age 70 in the not too distant future I will spend any time I have to fight anything actively opposing the override of our property tax cap. That affects me much more.
It's an entitlement, no matter how you spin it. YOU owe that money to the BANK, because you could not afford to pay for your house incash. YOU took a mortgage, and now you expect the the taxpayer to subsidize the interest.
Quite honestly I am tired of paying for your bills.
Go ahead Congress, - cut the deduction.
So any tax cut of any kind is an entitlement. You must be a Democrat.
Do you have any idea the scale of corporate tax deductions and evasions?
b: a right to benefits specified especially by law or contract : a government program providing benefits to members of a specified group; also: funds supporting or distributed by such a program
3 : belief that one is deserving of or entitled to certain privileges
So any tax cut of any kind is an entitlement. You must be a Democrat.
No, I am not a Democrat, nor did I say any tax cut is entitlement. You said that, not me.
Quote:
Do you have any idea the scale of corporate tax deductions and evasions?
Yes. I think they need to follow torough with the proposal to drop corp tax rate by 10%, and remove tax loopholes, subsidies and deductios with a heavy hand.
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