Reply to We're doing a mortgage refi at 3.75% -- someone tell me why that interest should be deductible?

Forum Index » Political Discussion

Reply to "We're doing a mortgage refi at 3.75% -- someone tell me why that interest should be deductible?"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous]I think that the previous poster does not believe there is a meaningful difference between payroll tax and income tax.  It still affects your disposable income, regardless of what it is called.  I think she adequately acknowledged the technical distinction when she called these taxes "de facto" income taxes.  She just does not believe it is meaningful.

You might argue that it does not matter whether Mitt Romney paid tax on earned income vs. capital gains, as long as he pays taxes.  Same logic.[/quote]

Everyone who is an employee pays payroll taxes. Most people, additionally, pay income taxes, while some don't. And funding for many public goods depends on income, not payroll, taxes. So, the distinction is pretty important. If we're talking income taxes, that's what we are talking about, and mixing that with payroll taxes is not that fruitful.

Btw, I do agree that there's more important fish to fry, but we can not ignore significant parts of reality.[/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics