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To: Intolerant in NJ
I get it that paying taxes on taxes is insane. I also get it that Standard Deductions are already so high that anyone in the lower middle class and on down probably doesn't have to itemize anyway. I dislike it that this will probably be a garbage bill that includes a whole lot of things conservatives hate. I'm pretty disgusted that they're still calling it "middle class tax relief" and their one big reform is slashing the 401K.

The only way to solve anything is to keep it simple. 10% flat tax, no deductions for anything, and everyone would have some skin in the game. Anything else is just begging for nothing new to happen.

43 posted on 10/27/2017 2:27:48 AM PDT by grania (Deplorable and Proud of It!)
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To: grania

I don’t think the 401K limitations are a done deal yet - certainly Trump keeps pushing back against them - unfortunately the federal tax system has been pretty much from the start one of compromises, tradeoffs, and inequalities - I would sure like a flat tax instituted, where everyone would have some skin in the game and the “rich” who now pay an inordinately high share of the taxes would finally get to pay a fair share, but I doubt it will ever happen and in the meantime we’ll always be dealing with balancing the interests of all sorts of constituents to try to get anything passed.....


55 posted on 10/27/2017 4:22:26 PM PDT by Intolerant in NJ
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