Quote:
Originally Posted by harveyc
I am puzzled when people refer to the wealthy getting "breaks". They don't get any breaks that others don't get except for the lowest earners get a standard deduction which is often higher than what their itemized deductions would be.
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Not true.
Quote:
Originally Posted by harveyc
The wealthy get slammed with the alternative minimum tax. Something that would be unheard of to hit the four beer drinkers with. A flat tax would be a huge benefit to the wealthy so there is not resistance there.
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Not true.
Quote:
Originally Posted by harveyc
Resistance is mostly from Congress as politicians would lose control in shifting various benefits around to their favorite groups (supporters), etc.
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True, their supporters being the ones with the ability to pay.