Forum Discussion
JTHarley
Oct 15, 2014Explorer
We don't write the tax laws….I for one am an advocate of a "flat tax" or a "fair tax". I tell my accountant every year that I want every advantage available to me via the tax code. Translation take me as close to the line without crossing it! I'm a business owner….I pay taxes A LOT OF THEM. Between income tax, property tax, gas tax, fica, futa, social security, sales tax, property tax, special assessments, ect…. I pay very very close to 50% of my total income to taxes. I don't mind because I have been blessed in my life. BUT, I feel NO GUILT, in taking each and every advantage available to avoid taxes BASED ON THE LAW!
Also, the home mortgage deduction MAY be available to everyone but look at the statistics of home ownership in the last 6 years…it is down considerably so yes, I believe that the home mortgage deduction is a benefit for the wealthier people in our society. If you want to clean up this mess get rid of ALL tax deductions and charge a flat or fair tax with a threshold so those not making much money don't pay ANY taxes. If a society is to work everyone at some point and time has to have skin in the game and help push the wagon…….the real problem is that entitlements have put more than half the people in the wagon and those of us pushing are getting damn tired…..LOL
Also, the home mortgage deduction MAY be available to everyone but look at the statistics of home ownership in the last 6 years…it is down considerably so yes, I believe that the home mortgage deduction is a benefit for the wealthier people in our society. If you want to clean up this mess get rid of ALL tax deductions and charge a flat or fair tax with a threshold so those not making much money don't pay ANY taxes. If a society is to work everyone at some point and time has to have skin in the game and help push the wagon…….the real problem is that entitlements have put more than half the people in the wagon and those of us pushing are getting damn tired…..LOL
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