OnePercenter
Gold Member
- Apr 10, 2013
- 23,667
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$1.4 trillion in annual tax expenditures. That is by far the biggest reason we have a $20 trillion debt, and Republicans are more guilty of putting them in the tax code than Democrats. It's a way to raise debt and taxes undetected by the ignorant herd which has been convinced they are getting to keep more of their own money when in fact they are being robbed.
If a man builds a better mousetrap, he deserves every dollar he earns. Bernie Sanders considers that person to be the thief, and Sanders believes that entrepreneur should be severely punished.
That kind of wealth is beautiful and good. Sanders and his envious leeches wants you to bleev it is ill-gotten gains.
But there is an entirely different kind of wealth concentration which has been occurring for quite some time now right under your noses. This kind of wealth concentration is achieved through legislation which tilts the playing field to the advantage of sclerotic special interests who can no longer compete on a level playing field.
And these thieves have all the legal protections of the State to rob you blind.
"Tax expenditure" is a euphemism used by tax and spend left-wingers to raise your taxes. It's propaganda. According to g5000, if you get a tax deduction for your mortgage, you're a thief who is robbing the food used to feed children. Notice that the "tax expenditure" cranks do now want their changes in the tax code to be revenue neutral. They want to eliminate the deductions without any corresponding reduction in the rates.
It's all a scam by big government douche bags.
Eighty percent of American workers don't get paid enough to deduct mortgage interest.
So that means only 20% do? Well then........ if there is any truth to that, I should be rolling in the money since the 80% are on rent or some sort of alternative living, because anybody paying a mortgage currently gets that tax write-off. People should be pounding my door down to get an apartment at any price.
Just because people don't qualify for the mortgage tax deduction doesn't preclude them from buying homes. After all, 'It's the American Dream!'
The problem with buying homes today are they're almost all over-priced.