Originally Posted by
Slaphappy
Honestly we would all be better off getting rid of all dedications and credits.
Originally Posted by
LumberJack
Agreed. Close all loop holes and tax capitol gains like normal income.
The politicians would never do that.... why?
Because that's how they buy votes.
The wealthy pay to get the loopholes in, because if they didn't, then their wealth would be expatriated pretty quickly.
And making exemptions for the poor, elderly, disabled, etc helps them win elections. Closing those loopholes would be politically untenable.