Should tax shelters be provided to all, no matter the level of their income?
Or are the already, but some people just do not take advantage?
They are already provided to all regardless of income. Anyone can participate in a 401k plan or other employer sponsored plan as one example. There are far too many to mention. If our questions is designed to measure the need for tax shelters, than the answer is yes. The tax code is way too complex, and without these shelters the effective rates would be too high, and smother economic activity. I personally am no a believer in the gov't trying to influence behavior through tax benefits. I believe it creates distortions. I'd much prefer to see a flat tax at a much lower marginal rate, with no itemized deductions or tax shelters.
by ptosis9 months ago
federal income tax rates history, During the eight years of the Eisenhower presidency, from 1953 to 1961, the top marginal rate was 91 percent. (It was 92 percent the year he came into office.)What does it mean, though?...
by Wesley Clark5 years ago
Do the rich have a moral obligation to pay higher taxes?Saw this question in an article today and thought...that's a great question, I should ask my fellow hubbers!
by Shanna5 years ago
It's my first year doing taxes on my own and I'm a bit (actually completely) baffled.Has hubpages sent out the electronic w-2's yet? Do I just count it as part of my total income on my 1040EZ form? Was federal income...
by Putera88 years ago
How long does it take to get tax refund back?
by Sychophantastic21 months ago
Do you care?This would be the first time in modern American history that a candidate for President hasn't released his tax returns. Is this a big deal or not? If it is a big deal, what do you think Donald Trump is...
by MikeNV8 years ago
ACCORDING TO AN ASSOCIATE PRESS STORY RELEASED TODAY... THE "RICH" ARE ALREADY PAYING THE MAJORITY OF FEDERAL INCOME TAXES.I'm not sure I buy into their numbers but here is what they had to say:"The...
Copyright © 2018 HubPages Inc. and respective owners.
Other product and company names shown may be trademarks of their respective owners.
HubPages® is a registered Service Mark of HubPages, Inc.