Ravenwood - 11/02/05 06:00 AM
President Bush's tax advisory panel was charged with creating a simpler tax code. If their suggestions are implemented, it could mean that mortgage interest and other deductions that taxpayers have come to expect may disappear.
This isn't necessarily a bad thing. But expect howls of discontent, nonetheless.
Comments
As long as this simpler code doesn't require me to pay more taxes, I'm all for it.
Why do I get the feeling, though, that this simplification will result in a more progressive tax and ultimately be a lot more complex?
Posted by: roger at November 2, 2005 6:43 AMThis will indeed become more complicated before it is over. I'm still crossing my fingers about getting the fairtax passed.
Posted by: Joseph Gullett at November 2, 2005 12:41 PM(c) Ravenwood and Associates, 1990 - 2014
