tag:blogger.com,1999:blog-6318055043707993918.post7616114035604428519..comments2024-02-20T02:12:18.090-05:00Comments on THE WANDERING TAX PRO: WHY WE NEED TAX REFORMRobert D Flachhttp://www.blogger.com/profile/06034127763662917220noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-6318055043707993918.post-16691652753871643402012-12-12T01:55:02.983-05:002012-12-12T01:55:02.983-05:00You hit the nail squarely on the head: the Cash fo...You hit the nail squarely on the head: the Cash for Clunkers program was a success because it kept the IRS out of the process. Taxpayers got their government discount (the equivalent of an IRS tax credit) at the point of sale. They didn't have to wait up to a year to reap the benefit. <br><br> We have become a nation of deduction junkies. Congress has tweaked the code so much that we start to feel that every dollar we spend should be deductible. We have special deductions/credits for teachers, adoption, child care, income earned outside the US, education, student loan interest and so on. Does a teacher with out-of-pocket expenses deserve an above-the-line $250 deduction more than the school cafeteria worker who doesn't itemize and has $15 deducted out of her paycheck every week for her uniform? Does the college graduate deserve a special deduction for his student loan interest when a Hurricaine Sandy victim can't deduct interest on the credit card he's incurring while he's rebuilding his home and waiting for the insurance check? <br><br><br />Now no one said he tax code was fair. But too many perks are being handed out via the 1040 that (as you pointed out) are completely unnecessary.Dave Fazio EAhttps://www.blogger.com/profile/14090479501410544820noreply@blogger.comtag:blogger.com,1999:blog-6318055043707993918.post-10103393653182666402012-12-11T10:33:22.122-05:002012-12-11T10:33:22.122-05:00Won't happen because even though the tax messa...Won't happen because even though the tax message is screw-up it's the tax messengers fault for delivering it and in the governments infamous thinking, the tax messengers need correction not the tax message...Tomhttps://www.blogger.com/profile/16406674623634106214noreply@blogger.com