galenrox

I'd say repeal it, and then go back over the tax code and make sure all of the potential deductions are warranted. In making a potential tax deduction, you're acknowledging that we receive a social benefit from your money going there, and you are thusly compensated for that social benefit by paying less in taxes. If all potential deductions are as they should be, then we shouldn't have a problem with a billionaire doing enough to get enough deductions to not pay a dime in taxes, since in doing what's necessary to receive said deductions s/he already paid what s/he owes.

But in the real world, tax law isn't that well written, but I'd question the logic of passing new laws to take off the pressure to write them well. Stop ****ing up and it won't be a problem, and thus you should still repeal it.

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