General Discussion
In reply to the discussion: What 3 major things would you change, if you could, about America ? [View all]joeglow3
(6,228 posts)Our local governments still do not have enough money for infrastructure, even with all the money they are able to get through the federal government's subsidization of their bonds. Your decision is to do away with that, have the Federal government collect the additional taxes, incur all the added administrative costs and then distribute 50 cents on the dollar back to the local governments for infrastructure and local job creation. Essentially, you just created a worse job market so you can feel better. Again, people need to do more research than read a single article.
Oh, and you are right, I did forget about those who, after all limitations on the deductibility of medical costs, still incurred enough medical costs to wipe out all their income (meaning they incurred medical costs WELL IN EXCESS of their income). Again, we are talking about a fraction of a fraction here and I am not too concered with those whose tax planning means getting sick as shit to the tune of needing to spend in excess of a million dollars in medical care.