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November 12, 2010 at 2:50 PM #18182November 12, 2010 at 3:08 PM #630260temeculaguyParticipant
It’s the third rail, they will never touch it.
It’s also the main reason we cannot move towards a flat tax, because it changes the game too much, too quickly. The government has no intention of reducing everyone’s net worth by a percentage, if they need more money they will just increase the percentage they take or make their own, not target a particular crowd if that crowd is middle class and that crowd drives the economy. They have spent billions to do the opposite, to create tax incentives above and beyond the mortgage interest deduction.
They’ve actually been going the opposite direction, allowing mortgage insurance premiums to become deductable.
PBS has a specific audience, so does Rush Limbaugh, neither are good at making predictions but they are both good at telling their audience what they want to hear.
November 12, 2010 at 3:08 PM #630337temeculaguyParticipantIt’s the third rail, they will never touch it.
It’s also the main reason we cannot move towards a flat tax, because it changes the game too much, too quickly. The government has no intention of reducing everyone’s net worth by a percentage, if they need more money they will just increase the percentage they take or make their own, not target a particular crowd if that crowd is middle class and that crowd drives the economy. They have spent billions to do the opposite, to create tax incentives above and beyond the mortgage interest deduction.
They’ve actually been going the opposite direction, allowing mortgage insurance premiums to become deductable.
PBS has a specific audience, so does Rush Limbaugh, neither are good at making predictions but they are both good at telling their audience what they want to hear.
November 12, 2010 at 3:08 PM #631357temeculaguyParticipantIt’s the third rail, they will never touch it.
It’s also the main reason we cannot move towards a flat tax, because it changes the game too much, too quickly. The government has no intention of reducing everyone’s net worth by a percentage, if they need more money they will just increase the percentage they take or make their own, not target a particular crowd if that crowd is middle class and that crowd drives the economy. They have spent billions to do the opposite, to create tax incentives above and beyond the mortgage interest deduction.
They’ve actually been going the opposite direction, allowing mortgage insurance premiums to become deductable.
PBS has a specific audience, so does Rush Limbaugh, neither are good at making predictions but they are both good at telling their audience what they want to hear.
November 12, 2010 at 3:08 PM #631039temeculaguyParticipantIt’s the third rail, they will never touch it.
It’s also the main reason we cannot move towards a flat tax, because it changes the game too much, too quickly. The government has no intention of reducing everyone’s net worth by a percentage, if they need more money they will just increase the percentage they take or make their own, not target a particular crowd if that crowd is middle class and that crowd drives the economy. They have spent billions to do the opposite, to create tax incentives above and beyond the mortgage interest deduction.
They’ve actually been going the opposite direction, allowing mortgage insurance premiums to become deductable.
PBS has a specific audience, so does Rush Limbaugh, neither are good at making predictions but they are both good at telling their audience what they want to hear.
November 12, 2010 at 3:08 PM #630912temeculaguyParticipantIt’s the third rail, they will never touch it.
It’s also the main reason we cannot move towards a flat tax, because it changes the game too much, too quickly. The government has no intention of reducing everyone’s net worth by a percentage, if they need more money they will just increase the percentage they take or make their own, not target a particular crowd if that crowd is middle class and that crowd drives the economy. They have spent billions to do the opposite, to create tax incentives above and beyond the mortgage interest deduction.
They’ve actually been going the opposite direction, allowing mortgage insurance premiums to become deductable.
PBS has a specific audience, so does Rush Limbaugh, neither are good at making predictions but they are both good at telling their audience what they want to hear.
November 12, 2010 at 4:05 PM #630310jameswennParticipantKPBS is a poor man’s KCRW and KPCC
November 12, 2010 at 4:05 PM #631407jameswennParticipantKPBS is a poor man’s KCRW and KPCC
November 12, 2010 at 4:05 PM #630387jameswennParticipantKPBS is a poor man’s KCRW and KPCC
November 12, 2010 at 4:05 PM #631089jameswennParticipantKPBS is a poor man’s KCRW and KPCC
November 12, 2010 at 4:05 PM #630962jameswennParticipantKPBS is a poor man’s KCRW and KPCC
November 12, 2010 at 5:13 PM #630985jpinpbParticipantWell, the reason they were discussing it is b/c they were interviewing the Chairman of the Government Accountability Office who is the one who proposed it, from what I understand.
However, IHB also is discussing it: President Obama created the bipartisan commission in February to provide options on overhauling the tax system and reducing the national deficit. According to a November report, one option excludes citizens from deducting interest payments on second residences, home equity loans or mortgages over $500,000.
November 12, 2010 at 5:13 PM #631432jpinpbParticipantWell, the reason they were discussing it is b/c they were interviewing the Chairman of the Government Accountability Office who is the one who proposed it, from what I understand.
However, IHB also is discussing it: President Obama created the bipartisan commission in February to provide options on overhauling the tax system and reducing the national deficit. According to a November report, one option excludes citizens from deducting interest payments on second residences, home equity loans or mortgages over $500,000.
November 12, 2010 at 5:13 PM #631113jpinpbParticipantWell, the reason they were discussing it is b/c they were interviewing the Chairman of the Government Accountability Office who is the one who proposed it, from what I understand.
However, IHB also is discussing it: President Obama created the bipartisan commission in February to provide options on overhauling the tax system and reducing the national deficit. According to a November report, one option excludes citizens from deducting interest payments on second residences, home equity loans or mortgages over $500,000.
November 12, 2010 at 5:13 PM #630334jpinpbParticipantWell, the reason they were discussing it is b/c they were interviewing the Chairman of the Government Accountability Office who is the one who proposed it, from what I understand.
However, IHB also is discussing it: President Obama created the bipartisan commission in February to provide options on overhauling the tax system and reducing the national deficit. According to a November report, one option excludes citizens from deducting interest payments on second residences, home equity loans or mortgages over $500,000.
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