Wednesday, July 13, 2011

If Obama thinks other should pay more in taxes should he pay for all the money he saved in fancy deductions?

huh? Everyone deduct their taxes. If there is a higher income tax rate and people deduct the same amount, they'll end up owing more taxes. If some of the tax breaks are eliminated, that's also essentially a tax increase. But I'm not sure where you're getting at. Obama wants to raise revenue. Tax deductions are just a fact of life.

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