Quote:
Originally Posted by Charles
Anytime congress addresses an issue of this significance just before an election it can be assured that it is no more than political grandstanding.
If the tax code is FUBAR, it's because congress WANTS it that way.
Chas
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No it is because the corporations and the wealthy want it that way. They revised the tax code back in the 80s and cleaned it up quite a bit. Then the lobbyists went to work and screwed it up over the next few years.
Funny thing is that things like mortgage interest deductions don't really work. Don't have that in Canada yet home ownership there, as a % of population is marginally higher than here. Of course they also do not have a capital gains tax on the sale of your home either.