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So What's Your Subsidy????
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Government & Elections
So What's Your Subsidy????
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Associated Press: Health, housing get greatest federal subsidies You have to read the article cause a subsidy by any other name might be a tax deduction.
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Cat:d51398b3-89f9-463d-bf1b-4b885f02c9eeForum:af978875-5bc6-4b07-a6fb-b18062132f95
Cat:d51398b3-89f9-463d-bf1b-4b885f02c9eeForum:af978875-5bc6-4b07-a6fb-b18062132f95Discussion:52efe006-7220-4766-8499-dded847b11eb
Forums » Politics & Society » Government & Elections » So What's Your Subsidy????
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So What's Your Subsidy????
posted at July 25, 2012 1:09 PM EDT
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Posts: 1923
First: November 27, 2011 Last: May 18, 2013 |
Associated Press: Health, housing get greatest federal subsidies You have to read the article cause a subsidy by any other name might be a tax deduction. |
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Re: So What's Your Subsidy????
posted at July 25, 2012 8:48 PM EDT
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Posts: 5012
First: July 24, 2008 Last: May 11, 2013 |
Yes, there are many "goodies" in the tax code for the middle class and
poor. The tax code has been a tool for driving social behavior; you get the behavior you reward. Fixing the taxation system will be politically painful. There will be resistance from every American as their cherished "cookie" comes up for elimination. Change is painful; yet we must accept the fact that shared sacrifice is required to fix the mess we...yes we...have created. |
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Re: So What's Your Subsidy????
posted at July 26, 2012 9:47 AM EDT
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Posts: 1923
First: November 27, 2011 Last: May 18, 2013 |
In Response to Re: So What's Your Subsidy????: Yes, there are many "goodies" in the tax code for the middle class and poor. The tax code has been a tool for driving social behavior; you get the behavior you reward. Fixing the taxation system will be politically painful. There will be resistance from every American as their cherished "cookie" comes up for elimination. Change is painful; yet we must accept the fact that shared sacrifice is required to fix the mess we...yes we...have created. Posted by randmact I totally agree. We are now in a "New Normal" and many tax (credit/adjustment) perks just don't do the trick anymore. The tax code could be made much simplier just getting rid of a lot of these enticements. Where we use to get a tax credit for some action; now we are getting penalties for non-actions. Would people contribute to retirement accounts like an IRA or SEP if there was no tax benefit? I don't know. How much of an enticement is the home mortgage interest deduction especially now when the rates are so very low but try to touch it and the housing industry screams. |
Forums » Politics & Society » Government & Elections » So What's Your Subsidy????
