The Way Forward: End Tax Expenditures
Re: The Way Forward: End Tax Expenditures
by The Dharma Bum » Mon Dec 10, 2012 9:33 am
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Re: The Way Forward: End Tax Expenditures
by Hyperion » Mon Dec 10, 2012 10:53 am
This idea that the tax deduction creates even more irresponsible lending is patently ridiculous. The deduction basically does the exact same thing as a pay raise - only it focuses the money on a particular market, in this case residential property. All the deduction does is expand the opportunity to acquire a home to more people. If the deduction did not exist, there would still be risky loans. All it basically does is relieve the tax burden for an additional X% of people while shifting loan risks down a pedestal.
This thread has pretty much devolved (unwittingly) into a defense of Austrian school nonsense.
This thread has pretty much devolved (unwittingly) into a defense of Austrian school nonsense.
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Re: The Way Forward: End Tax Expenditures
by Kane » Mon Dec 10, 2012 10:58 am
....because I'm an Austrian....
That has absolutely nothing to do with my position. But nice dodges on all points presented in my last posts.
That has absolutely nothing to do with my position. But nice dodges on all points presented in my last posts.
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Re: The Way Forward: End Tax Expenditures
by Mathurin » Mon Dec 10, 2012 2:33 pm
I will defend some deductions though, deductions for children are important, and in some western states will have to be increased to incentivize babymaking or the population will drop too low.
Children are both a great cost on the parent, and a very important part of the nations future
Children are both a great cost on the parent, and a very important part of the nations future
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