Thursday, January 7, 2016

Flat tax anyone..............

Megan McArdle riffs on tax "expenditures":

Paying for new spending by “closing the loopholes” is a favorite rallying cry of almost everyone. But rarely are those people picturing giving up their own deductions for mortgage interest, employer-sponsored health insurance, dependent children, or retirement accounts. Why, no! Those aren't loopholes. Those are just the basics of a decent middle-class life. Loopholes are the deductions used by other, richer people who can afford crooked lawyers.

Full post is here.

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