Of Course Our Tax Code Sucks, They Like It That Way
Congress writes the tax code. It is beyond complex and simply ridiculous. It hoses the middle class because we don't make enough to qualify for big exemptions and loopholes. I kind of giggle when I hear people talk about the mortgage deduction. At 4% interest- the standard deduction provides more tax relief than itemizing. For me, the mortgage interest deduction is a waste of time. It has been that way for years. It doesn't change because Congress and their cronies- like it just the way it is. Check out this list of government assisted tax dodgers. Don't expect it to change with Obama or Romney in. It won't. I don't call these folks tax dodgers- tax cheats per se- because Congress created these loopholes for their corporate benefit. I am trying to fact check this list. Please don't be confused by the inclusion of CEO names...these are not individual returns, they are corporate. OCT 25, 2012 2:18 AM UTC 1). 1. Bank of America CEO Brian