If everyone pays the same flat tax%, to (1) 4 mortgage deduction at home the average cost by zip code?
Could this be the the most air to tax people? Go beyond the ability of people with money to use itemized deductions to subsidize their lifestyles and pay less tax, the best idea? Maybe keep deductions for how many people in the family, and interest mortgage only to the value of the average cost of a house in your area. The elimination of withholding of luxury and the perception that the deductions Luxury is detailed welfare for the rich, and allows the rich to pay very few taxes.
while a flat tax is not exactly how I would cope – I think you're on track – especially for companies. These huge corporations that are subsidized by our taxes either by TARP or tax breaks – are setting up dozens of offshore companies to protect themselves from paying their fair share. if you're wondering why there is no money – that's why. Exxon Walmart GE Bank of America are all large highly profitable firms that have paid tax ZERO last year. Tax dodges need to be banned and outlawed and some of these high-level criminals need to be put in prison for pass the point that you can not rip off Uncle Sam more. You know, Chuck Berry spent most of his adult life in prison because he had a bad book, but those rabbity, liars than usual lead companies are honored and really get govt contracts, bailouts or direct tax relief. It is not fair and should be stopped.
How to Eliminate your Second Mortgage