Rand Paul Tax Plan

[*michaelsean*]

(06-22-2015, 06:21 PM)fredtoast Wrote: You can't be serious with this argument, can you?  We have to give the rich bigger tax breaks because they are so rich that small tax breaks don't matter?

Really?





Bottom line is that by removing the $70 billion tax break that benefits the rich more than the lower and middle classes we can adjust the tax brackets so that EVERYONE benefits instead of just the people wealthy enough to have a mortgage large enough to be a tax deduction.

I never came close to saying that. When you are talking about benefiting people,  the 2500 is more beneficial than the 4000.  And you cant have it bith ways.  You want richer people to have a higher tax rate, but then complain that a deductiion favors them more because of it.  Or complain that tax breaks favor only people who pay taxes.

Ok so you eliminate the mortgage deduction altogether.  Is the savings from what the rich pay enough to counter what the middle class loses?  And when you say help everybody, there is a nice chunk of people dont benefit now, but did previously.  I will be one of those soon.  I'll be in the 42% who do not itemize in the next couple of years, but I got to for many years.