August 2013 Blog Posts (3)

Tinkering with the Code Can’t Fix this Problem

by Daniel J. Pilla

As the current IRS scandal continues to unfold, cries are rising from quarters throughout Washington for “reforming the IRS.” I have said many times that tax reform cannot solve the problem of IRS abuse. The system is built on an unsound foundation. And when the foundation of a structure is not sound, the only solution is to bulldoze it and start over again.…

   FTN  puts the pressure on Ways and Means with pdf's for a phone tree.  Watch the home page.  We really need everyone.  Take a look.  It's simple!

One of the linchpins of the arguments against the FairTax is the supposed loss of the mortgage interest deduction for middle-income homeowners. The answer should look like this:

Not only are the benefits of the mortgage interest deduction (MID) still in place, the FairTax adds a mortgage principle deduction as well. That's something that the current system just doesn't offer. Let's take a look...

Under the current system, a taxpayer deducts personal exemptions for him/herself…