A Good Idea From Obama

[Jackie S]

Originally Posted by satexasguy

Fuck cutting the mortgage interest deduction. I am in the WORST tax bracket possible. I am single and have no kids. Cutting the mortgage deduction will make it worse for me. Fuck it, I'm going to start claiming my dogs as children.

I am a widower, so I am single and no dependents as well. I short form a 1040.

I think dropping ALL income tax deductions is a great idea. If something is such a good idea, (buying a house or giving to a charity), then do it strictly on it's own merits.

[joe bloe]

Originally Posted by KCJoe

Never said to replace charity spending with government spending. Just don't make the government subsidize your giving. Give because you want to, not because it only costs $.70 for each dollar. Eliminate the deduction, and lower the tax rates.

And there is no exemption for charitable contributions. You get a deduction, but only if you itemize.

If the DEDUCTION for charitable contributions is removed, less money will be given to charity; that's reality. This will cause charitable organizations to be less able to provide for the poor. The government will be forced to fill the vacuum. That's exactly what liberals want. The higher the percentage of people who depend on the government for survival, the higher the percentage of Democrat voters.