Taxes credit and tax deductions are also known as income redistribution schemes. Paul is going to make up for Peter's $7500 tax credit for buying an electric car.
Mortgage interest deductions only allow realtors and home builders to raise the asking prices of home.
state and local deductions allow those states to continue to raise taxes and cause taxpayers in other states to make up the deficit created by the deduction
Why we can't get to a simplified tax system with no carve outs is no surprise all one has to do is look toward K Street.
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