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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Tenchusatsu who wrote (390134)	6/10/2008 12:09:20 PM
From: bentway	Read Replies (3) \| Respond to of 1576376

If you have a home mortgage, you are "managing your taxes." Only if you take advantage of the mortgage deduction. Poor renters get no such break. Rich homeowners in the OC like you do.

To: Tenchusatsu who wrote (390134)	6/10/2008 12:31:13 PM
From: Alighieri	Read Replies (1) \| Respond to of 1576376

By the way, most people already do "tax management." If you have a home mortgage, you are "managing your taxes." As opposed to what? Paying cash for your house? In which income brackets do you suppose these people belong? Those who can't are sheltering what? A 30K?>year income on which they have to support a family. That's joke, right? Trying to perform "wealth redistribution" when by your admission the tax code is heavily skewed toward the rich is folly. If it's not working now, fix it. Get rid of tax breaks that accomplish nothing these days but skew markets and benefit those rich enough to take advantage. Simply raising rates on an already manipulated tax scheme is insane. The point of the post is that taxes are not "heavily" skewed. Measured by % of earnings, the poor get screwed, when you look beyond just income taxes. Al