We can keep tax rates lower by reducing deductions that wealthy taxpayers use a lot like business travel and lodging by disallowing 10%-20%. Another is mortgage interest deductions when over $10,000 per taxpayer. Just disallowing 10% of the amount over this would not hurt any taxpayer a lot, but would be a way to keep tax rates down and encourage hiring.
We can keep tax rates lower by reducing deductions that wealthy taxpayers use a lot like business travel and lodging by disallowing 10%-20%. Another is mortgage interest deductions when over $10,000 per taxpayer. Just disallowing 10% of the amount over this would not hurt any taxpayer a lot, but would be a way to keep tax rates down and encourage hiring.
CPAsheldon 4 hours ago
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Where's my violin?
Kflash3782 1 day ago
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