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Technology Stocks : Semi Equipment Analysis
SOXX 316.33+1.3%Dec 10 4:00 PM EST

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To: michael97123 who wrote (12330)11/4/2003 3:21:57 PM
From: Kirk ©  Read Replies (3) of 95561
 
Or perhaps we should live in a world without kids??

Are you saying you only had kids for the tax break?

My point is flat tax proposals fail each time because nobody will give up their pet deduction. You let me keep my deductions for $20K a year mortgage interest, $8K in property taxes and I would trade you for your $20K for 2 kids and $25K for a third. Pretty soon we are back to the present mess as the above trades are EXACTLY what gave us our current tax code.

Why not just expempt the first $50K in income, index it to inflation and say "no deductions?" This would let the smart folks making tax dodges find more productive jobs besides screwing you and I out of tax collections.
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