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Tuesday, May 31, 2011

Editorial: 10 terrible tax breaks - USATODAY.com

USA today on 31 May 2011 had a great editorial that described 10 tax breaks that are provided to many different constituencies. Here is a link to the editorial:

Editorial: 10 terrible tax breaks - USATODAY.com

These tax breaks cost the country about 300 Billion in tax revenue and in many ways distort the free-market economy in ways that may hurt the overall economy. They also contribute to the terrible complexity of our income tax laws.

I think these may be the "top 10" breaks -- but I believe there probably a hundred or more "lower value" tax breaks that hide "under the radar" and benefit some small groups of special interest groups.

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