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mythology

(9,527 posts)
11. The problem is that we've grown very accustomed to those deductions
Sun May 26, 2013, 07:07 PM
May 2013

and people make financial decisions based on those deductions. Whether it's the mortgage deduction or student loan interest deduction.

Additionally tax deductions can encourage certain policies that better the country as a whole. For example, the deductions for buying electric cars or solar panels. Without that, it's hard for the government to encourage good social policies.

What we would be better off doing is blocking corporations from getting tax deductions. They can far better afford the cost of an unexpected expense, where as an individual would have trouble if their mortgage deduction went away suddenly.

Latest Discussions»General Discussion»About That Apple Tax Dodg...»Reply #11