FA_Q2
Gold Member
What "loop-holes" would you suggest we cut, Oreo?
Not speaking for Oreo here, but
Cut mortgage rate deduction.
Cut medical expenses deduction
Cut corporate deduction for health care
THat would be a good start right there.
Any idea how much money that would generate for the FEDERAL government?
And, do you think that the problem this economy is facing is that it has too much money in circulation?
I don't.
That why I continue to think that raising anybody's taxes right now is a bad idea.
Remove ALL loopholes. Period. Then you can LOWER the rate. Sure - SOME people will pay more and others less. As a matter of fact - the rich will actually have to pay more because they will no longer have tax shelters to hide their cash in.