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Thread: Play the budget game

  1. #21
    Registered User DraftBoy's Avatar
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    Re: Play the budget game

    Quote Originally Posted by chernobylwraiths View Post
    I'm sure many people don't, especially because you have to itemize. But the people that DO itemize, and DO give large sums to charity to use as a tax write off would stop giving as much.
    Doesn't that say more about the individual that they have to be given money back from the government in order to donate? I give every year and itemize every year, if I lose those deductions it won't change my donations. Im not sure how you quantify large sums, Im not giving a ton, but Im doing more than the Catholic Church used to try and rob me of.
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  2. #22
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    Re: Play the budget game

    I limited tax deductions to 17,000
    Closed the Carried interest loophole
    Eliminated tax preference for investment income
    abolished the private jet credit
    Tax financial institutions
    Narrow value added tax
    Adopt Clinton Era estate tax rates
    Increased alcohol tax
    Carbon tax

    and hey since I'd be a politician, I'd pocket the .1 billion in change

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