Bob62 Wrote:
Jan 12, 2013 12:06 PM
Yeah... you don't quite get it... Home Mortgage tax deductions make sense because they are necessary for producing income which is the capitol gains on the equity growth... American tax law is all about deducting the cost necessary to produce taxable income... Granted Politicians have perverted it with things like "child-tax credits", which are not only inappropriate but discriminatory, but still for the most part the tax code is solid. if we were to purify it back to what it should only be, it would help quite a bit, but the big focus right now should be lowering tax rates, so we the people can spend more. Obama said "The secret to a good economy is spending money, so I'm going to spend alot of money"... That should have been a clue...