Let’s eliminate:
1. The double deduction for marriage so that we single folks are not forced to subsidize that. Single adults are now a majority.
2. EITC for the “working poor”.
3. The Child Tax Credit whereby all taxpayers subsidize those who choose to have children. Breeders are a minority. If you can’t afford to support your own children, don’t have them.
4. All education deductions and credits like the 529 savings plan. There is no good reason for every taxpayer to subsidize the university indoctrination of your children.
1 posted on 11/19/2017, 1:20:05 PM by Mariner
Look, I have no problem with eliminating the deduction of local and state taxes. High tax states should get no cover from the Feds. If it makes their (politicians from high tax states) jobs tougher, fine with me.
I want the first round to be simple. Drop Corp rate to 20%, everyone over 50k drop existing rate by 5%, get rid of death tax and double taxation on investment and pay for it by getting rid of 900 billion Obamacare tax.
Look at it again next year and tweak as needed.
Breeders? Concern troll is very concerned.
We Freepers aren’t all as gullible as some others.
Gee, what protected class uses that term?
OOOOHHHHH Single adults are in the majority.
So lets subsidize the most useless group in the USA, single adults.
Because God forbid there actually be taxpayers in the next generation for you to leach off of with Social Security.
I will agree to getting rid of the deduction as long as we can get rid of the Social Security tax too.
the marriage penalty is real....
Texas does not have a state income tax and California has a very large state income tax. Under present law the California resident can deduct state income taxes from their adjusted gross income.
If the California resident and I have an identical tax return with the exception of his deduction for state income tax I will pay more in Federal Taxes than the Californian. In effect I am subsidizing California Tax Payers and the government of California. If that resident of California is in a 25% tax category and paid 10,000 dollars in state income taxes his Federal Taxes are 2,500 dollars less than mine in Texas.
This is not right!
Hi.
#1 I don’t support the Federal government income tax system,
it is un-Constitutional, and I pay taxes to them only because they threaten to destroy my life if I don’t.
The last time I checked each person in a marriage gets a standard deduction of $6300 which is the same as a single standard deduction per person.
Now if you are talking about the tax rates you may have a point. Taxes are designed to tax you on what you have left over after paying for what it costs to live a “normal” life.
I agree with you on the EITC, that is just income re-distribution. I have a child and never qualified for the ETIC and believe you me, I paid dearly to raise her.
I agree with you, if you can’t afford your kids don’t have them.
As for education we should subsidize that, but the Federal government should not be in the education loan business. I told my daughter I would support her through college, but only for STEM or medical degrees, at affordable universities. She went a different way and is doing fine, with no student loan debt.
If more parents held that line, fewer non-breeders would be picking up the public university tab.
Lastly consider this, Children are our future. They will pay for your medicare, social security, work to enrich the portfolios you hold, take over paying the taxes you no longer pay, et al. Even if you had no offspring, you owe “our children a chance”.
So me and the wife both work. Are you saying we should only have a $12,000 standard deduction? That sounds like a marriage penalty, not a subsidy.