This Sunday LA Times opinion by Jack Shakely proposes to get rid of the charity tax deduction. He describes doing it as one of the "third rails" of politics.
It's time to write off the charitable tax deduction - latimes.com:
'via Blog this'
I agree with him! The deduction is often accompanied by fraud, and it certainly benefits the wealthy more than the average working person. I can see how it will be difficult to completely eliminate it. However I think the deduction should be "capped" and then gradually phased out. That should greatly simplify our overall tax laws as well.
No comments:
Post a Comment