On 7/24/11 8:37 AM, Florida Jim wrote:
On 7/24/2011 6:39 AM, Wayne B wrote:
On Sat, 23 Jul 2011 20:01:05 -0700 (PDT), North Star
wrote:

What the 'ell are you whining about??
We don't get a mortgage interest deduction on our income taxes for our
principal home.. let alone cottages or boats.
No wonder the USA is in such deep debt.... no one wants to pay their
fair share of taxes.
It's not that simple. Actually I think that most people do want to
pay their fair share but it gets complicated when the rules change in
mid-stream. People make long term financial decisions based on the
tax structure in place at that time, and then they have to live with
that decision expecting the rules to stay the same.


It should be that simple. The tax code is a quagmire that needs to be
simplified, not expanded. Same with legislation.

It's a quagmire because the people with money pay lobbyists big bucks to
have exemptions written into the tax code for them. The rich simply do
not want to pay their fair share of taxes.