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Politics : Don't Blame Me, I Voted For Kerry

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To: Orcastraiter who wrote (14304)4/12/2004 7:38:16 PM
From: Alan SmitheeRead Replies (2) of 81568
 
Then scrap all the deduction crap, and restructure the rate so that the net change to revenue is relatively unchanged. In other words remove the deductions but lower the tax rate significantly, especially on the bottom end. This would put an end to all the tax code crap and put an end to the guaranteed CPA employment act, other wise known as the tax code.

The problem with that scenario is that the pet ox of various constituencies gets gored.

"Don't touch my mortgage interest deduction..."

"Don't touch my Schedule C business loss deduction..."

Don't touch my _____________ [fill in your favorite deduction here}...

Reforming the tax code is always a hot topic, but when the politicians get their hands on it, they invariably make things worse. I'm not saying it can't, and shouldn't be done, I'm just saying that political reality makes it unlikely.
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