I guess you have to be hardcore to get excited about a major revamp of the Internal Revenue Code...yippee :)
Currently, it's littered with inefficient handouts to special interests. Why do we have so many real estate agents in this country? Oh yeah, because the products they sell for shelter happen to be tax deductable. Red cars would become a lot more popular if the color red was tax deductable.
Of course, it seems pretty clear the ultimate goal of the Bush team is to transfer the tax burden even more from large companies and high net worth individuals to middle and lower class families, but at least it will be another exciting thing to talk about over the coming years (as if there weren't enough already!).
No comments:
Post a Comment