Monday, April 14, 2014

Why we cannot simplify federal income tax

What makes federal income tax such a bear to fill out?  It's all the special interest benefits built in thru out the law.   Mortgage interest deduction, the darling of realtors, home builders, and mortgage banksters.  Special deduction for school teachers who buy their kids pencils.  Capital gains to benefit stock holders.  Medical expenses deductions, favorite of the ill, and the medical industry.  A 12% tax break for manufacturing inside the United States.  And the liberal's favorite ploy, the variable tax loophole,  the wealthy have to pay more.  For instance social security benefits used to be non taxable.  Then some slippery democrats  added stuff making them taxable to the wealthy.  The incomprehensible Earned Income Tax Credit.  And on and on and on.
  And we are doomed.  Each special interest will fight to the death to keep their special tax benefit.  Us ordinary tax payers have to wade thru the special little worksheets, the gobble-de-gook instructions, and the never ending new tax forms.  We never get up on our hind feet and demand "Drop all this malarkey, give me one straight percentage to pay and be done with it".
 We should not have to purchase $80 software packages to do our taxes.   It didn't used to be this bad.  I can remember a time BC (before computers) when I did my own taxes with a ball point pen.  I couldn't do that now.
  Those special interests ought to to be hunted down and tarred and feathered. 

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