Quote:
Originally Posted by Antitrust32
I think there should be a cut off poverty line. say 25k
Everything above 25k should be taxed at a flat rate of 15%, maybe 20%. Including business profits.
no deductions, no loopholes.
|
No tax deduction for Mortgage Interest will further Savage the housing market. I would allow writeoff of interest on up to 1 million of mortgage principal.