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Politics : A US National Health Care System? -- Ignore unavailable to you. Want to Upgrade?

To: J_F_Shepard who wrote (36455)	5/3/2014 5:22:14 PM
From: i-node	Read Replies (1) \| Respond to of 42652

>> They make a lot of sense for those benefiting from them......and that's all.. It may be that they benefit the nation as a whole, but it is the guys paying the lobbyists who benefit most...... To the contrary, those regulations I was referring to universally work against taxpayers by limiting the flexibility to use partnership deductions to offset other income. That was the point: much of tax law looks like nonsense until one understands the underlying rationale at which point it often makes perfect sense or at least one can see the point. A lot of people have the idea that tax law is all nonsense designed by lobbyists to provide favors for wealthy people. Nothing could be further from the truth; a great deal of tax law is about limiting benefits to those individuals. The aforementioned sections 465 and 469 are perfect examples of that -- they are there solely to prevent people from using deductions to offset other income, which is what the wealthy want to do. It is complicated, most people are ignorant about it, so it makes the perfect political target for a Harry Reid to come along and lie through his teeth while the ignorant lap it up.