Re: Very scary.....

["Dennis Henderson" <hendomatic () gmail com>]

On 9/28/07, rms () computerbytesman com <rms () computerbytesman com> wrote:
> One of the worst government welfare programs around is allowing folks to
> deduct their mortgage interest and property taxes from their federal tax
> returns.  Another bad program is excusing capital gain taxes on the first
> $500K of profits when a married couple sells their house.
>
> Richard



Nah earned income credit is actually a fed "welfare program". You can
actually get back more money from the govt, than you paid in.

The govt goes to great lengths to make sure that people who actually earn a
lot of money pay "their fair share".

The annual means test that limits how much I can put in my 401k is another
"screw the wealthy" limitation.

And how would you compare deductible mortgage interest to the child credit
that comes right off the tax bill? Who does that benefit?

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