To: SoJoCo
Since Cain’s 9-9-9 plan does not preserve the deduction for 401Ks Good for him. I would also eliminate the mortgage deduction. All deductions gone and all taxes lowered across the board. (note: I take the max 401 every year along with a large mortgage deduction which I would lose).
34 posted on
10/12/2011 5:03:42 PM PDT by
palmer
(Before reading this post, please send me $2.50)
To: palmer
Good for him. I would also eliminate the mortgage deduction. All deductions gone and all taxes lowered across the board. I'm with you. Why should debt be encouraged, other than to make debt slaves out of as many as possible?
I'm also tired of government bureaucrats trying to herd everyone to their predetermined correct behavior. That's really all deductions, credits, and incentives do.
41 posted on
10/12/2011 5:33:10 PM PDT by
seowulf
("If you write a whole line of zeroes, it's still---nothing"...Kira Alexandrovna Argounova)
To: palmer
Good for him. I would also eliminate the mortgage deduction. All deductions gone and all taxes lowered across the board. (note: I take the max 401 every year along with a large mortgage deduction which I would lose). Then you would be very happy under the 9-9-9 plan then.
46 posted on
10/12/2011 6:20:12 PM PDT by
SoJoCo
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