RE: Very scary.....

["Alex Eckelberry" <AlexE () sunbelt-software com>]

fair tax

www.fairtax.org <outbind://677/www.fairtax.org> 


________________________________

From: funsec-bounces () linuxbox org [mailto:funsec-bounces () linuxbox org]
On Behalf Of Dennis Henderson
Sent: Friday, September 28, 2007 3:37 PM
To: rms () computerbytesman com
Cc: funsec
Subject: Re: [funsec] Very scary.....




On 9/28/07, rms () computerbytesman com <rms () computerbytesman com > wrote: 

        One of the worst government welfare programs around is allowing
folks to
        deduct their mortgage interest and property taxes from their
federal tax 
        returns.  Another bad program is excusing capital gain taxes on
the first
        $500K of profits when a married couple sells their house.
        
        Richard

 
 
Nah earned income credit is actually a fed "welfare program". You can
actually get back more money from the govt, than you paid in.
 
The govt goes to great lengths to make sure that people who actually
earn a lot of money pay "their fair share".
 
The annual means test that limits how much I can put in my 401k is
another "screw the wealthy" limitation.
 
And how would you compare deductible mortgage interest to the child
credit that comes right off the tax bill? Who does that benefit?
 
 
 

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