The income tax was created by super wealthy progressives for the benefit of super wealthy progressives, and to the detriment of the middle class. If progressives don’t like it, why not go back to Constitutional taxation? Tax profits and corporations, not individuals. Tax consumption, but not private residences. Let’s do it, progressives!
((Crickets))
I guess not.
The income tax was created by super wealthy progressives for the benefit of super wealthy progressives, and to the detriment of the middle class.
Plenty of middle class persons own commercial or rental buildings that use depreciation. Having a mortgage on such buildings is normal.
The sheer ignorance of people influencing the taxpaying public is mind-blowing.