OK, I see the flat tax stuff and I agree with you. What else?
My concern is that people who buy seriously expensive boats or second
homes and write off the loan. I am not very concerned that less
affluent people pay for much less expensive boats with cash.

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OK, I see the flat tax stuff and I agree with you. What else?
My concern is that people who buy seriously expensive boats or second
homes and write off the loan. I am not very concerned that less
affluent people pay for much less expensive boats with cash.


When the tax deductions for expensive boats were killed for a few years,
lots did not buy those expensive boats, and the makers laid off most the
workers. You will never see a flat tax, as government is control, and the
maximum control is via taxation. Some industries are blessed by the
controllers and others not. then a few years later, the blessed industries
change. Maybe if the government wasted less money, we could have the
deductions and more money to spend. Years ago, we had the same deductions
for interest, and also for sales taxes, and excise taxes, and an overall tax
rate of about 22%. We built highways, bridges, levees and nice
infrastructure. Our tax burden is now about 46%, and the infrastructure is
collapsing. Where is the money going? As a kid in California, the sales
tax rate was 3%, now it is 8.25-8.75%, depending on region, and they are
proposing a 1/2% boost for infrastructure rebuilding. Where is the money we
pay now going?