To: drt1
Removing the personal interest deduction in the late 1980s was horrible.
10 posted on
10/11/2005 8:01:51 PM PDT by
HitmanLV
To: HitmanNY
Yep. That was the first step in the process I described. Not much later they tied Medical and other Schedule A deductions to the Adjusted Gross Income, effectively reducing these. They then capped it off with the AMT. Just another gradual, stealth way of increasing the overall tax burden to support the inexorable growth of Gov't at all levels.
19 posted on
10/11/2005 8:09:02 PM PDT by
drt1
To: HitmanNY
Removing the personal interest deduction in the late 1980s was horrible. Tom DeLay got that reinstituted for us in Texas, and the other two states with no state income tax. Got to give us something to deduct.
22 posted on
10/11/2005 8:10:15 PM PDT by
sinkspur
(If you're not willing to give Harriett Miers a hearing, I don't give a damn what you think.)
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