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Professional Analysis of the New Tax Bill
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solohawks Online
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Post: #21
RE: Professional Analysis of the New Tax Bill
(01-09-2018 04:22 PM)arkstfan Wrote:  
(01-09-2018 03:33 PM)solohawks Wrote:  The more people taking the standard deduction, the less easy it is to create impactful tax laws favoring certain people/groups

And fewer people need paid assistance to file so not only is it more fair, it's citizen friendly.

Exactly great point!

Take the mortgage interest deduction. Getting rid of that would be very difficult politically. However, it's gets easier if more of the middle class takes the standard deduction
01-09-2018 06:51 PM
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Post: #22
RE: Professional Analysis of the New Tax Bill
(01-09-2018 06:51 PM)solohawks Wrote:  
(01-09-2018 04:22 PM)arkstfan Wrote:  
(01-09-2018 03:33 PM)solohawks Wrote:  The more people taking the standard deduction, the less easy it is to create impactful tax laws favoring certain people/groups

And fewer people need paid assistance to file so not only is it more fair, it's citizen friendly.

Exactly great point!

Take the mortgage interest deduction. Getting rid of that would be very difficult politically. However, it's gets easier if more of the middle class takes the standard deduction

Spot on.
The mortgage interest deduction is a bust, designed to increase home ownership our numbers are quite similar to Europe. All it has accomplished is to artificially inflate home prices.

But you'd never get the political will to repeal it. Raising the standard deduction moots it for a vast portion of the country.
01-10-2018 11:57 AM
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