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To: Alex Murphy
-- Over twenty years ago, I had someone tell me the US Tax Code is a textbook example of our government engaging in social engineering. --

I don't think anybody in the government is trying to hide that. The Congress has engineered us into the current fiscal situation. This is Congress's baby. Power to coin money and regulate the value thereof, to tax, and to spend. All Congressional powers.

The power has been used to transfer wealth from makers to takers, for, oh, a good 80 years - accelerated under Johnson, and enabled by the Mandarin class that manages to obtain elected office in the federal government.

21 posted on 11/09/2012 7:49:21 AM PST by Cboldt
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To: Cboldt

My interest payments on my note are so low that when I itemize, the standard deduction is higher. Concerned about the loss of the mortgage interest deduction? Add to the principle payment and pay the sucker off in less time.

I am in real estate, but I firmly oppose the mortgage interest deduction. It only subsidizes homes in high-priced areas by my tax dollars. Why should I subsidize your house payment?


22 posted on 11/09/2012 8:13:02 AM PST by rstrahan
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