Seriously?ALL deductions and exemptions and credits should be eliminated, for persons and corportations.A tax deduction is not aid.Once again you are a ******* moron ......................
sub·si·dy
ˈsəbsədē/
noun
plural noun: subsidies
We went down this road with the other moron already, see definition #1.
- 1.
a sum of money granted by the government or a public body to assist an industry or business so that the price of a commodity or service may remain low or competitive.
"a farm subsidy"
- a sum of money granted to support an arts organization or other undertaking held to be in the public interest.
- a grant or contribution of money.
[TBODY] [/TBODY]
synonyms: grant, allowance, endowment, contribution, donation, bursary, handout;More
backing, support, sponsorship, finance, funding;
formalbenefaction
"the theater receives a subsidy of 1.7 million dollars a year"- 2.
historical
a parliamentary grant to the sovereign for state needs.
There is no mention of employee(s) receiving shit as it would do little to keep the price low or competitive.
Payroll taxes are paid in part by the employee and matched in part by the employer, even donating money to a worker who you perceive as under paid will actually not only negate any benefits but would actually deepen the governments indebtedness.
Hey Moron, sales tax comes from the sale of goods, you are arguing that giving dollars in aid will bring pennies in taxes ......................
subsidy
/ˈsʌbsɪdɪ/
noun (pl) -dies
1.
a financial aid supplied by a government, as to industry, for reasons of public welfare, the balance of payments, etc
2.
(English history) a financial grant made originally for special purposes by Parliament to the Crown
3.
any monetary contribution, grant, or aid
Make an argument that a tax deduction isn't aid.
Payroll taxes will triple. The business side is deductible.
The minimum wage will triple. What do you think will happen to sale tax receipts?
You don't know what you're talking about.
Every dime of income should be taxed at least 5%, but, no more than 20%.
That would balance the budget and pay off the debt.
And, put H&R Block et al out of business as the tax code would be simple, and most could prepare their own returns like "back in the day".
You understand that "deductions" include things like cost of labor, cost of material, and other costs of doing business, right?
I mean, you've actually filled out a tax form more complicated than the 1040EZ, right?