View Poll Results: Which of these things should be tax deductible?

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  • Mortgage interest

    7 36.84%
  • Personal/family medical expenses

    14 73.68%
  • Personal/family education expenses

    12 63.16%
  • State/local taxes paid

    9 47.37%
  • Work-related expenses

    12 63.16%
  • Union dues

    3 15.79%
  • Tax preparation costs

    12 63.16%
  • Non-church charitable contributions

    10 52.63%
  • Church contributions

    6 31.58%
  • None of the above

    0 0%
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Thread: Which of these things should be tax deductible?

  1. #11
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    Kandahar's Avatar
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    Re: Which of these things should be tax deductible?

    Quote Originally Posted by WI Crippler View Post
    All of it. Put money back in the hands of the citizens, and try to limit the growth and scope of government.
    I think some of you guys are missing the point of the question. It has nothing to do with whether you think overall taxes are too high or too low. You could have a complex system with lots of deductions that still taxes the **** out of people, just like you could have a simple system with few deductions where taxes are relatively low.

    My question is about the specific tax deductions listed. Do you really think that there need to be tax laws differentiating between buying safety shoes for a factory job and buying sneakers to wear around the house?

    Quote Originally Posted by WI Crippler
    I would even go so far as to give families a tax credit, rather than a tax deduction, for medical expenses that they pay out of pocket above their insurance premium, with a cap of say $5,000. Alot of family deductibles are probably around $5,000 or so anyway, so they would essentially get that money back, hospitals would still receive their payments and remain private enterprises, and we don't have to spend money on UHC. And with the cap at $5,000 it keeps uninsured patients from getting an insane amount of money back at tax time.
    I like the idea of a tax credit instead of a deduction for out-of-pocket medical expenses. I don't see why it needs to be capped though, as long as the expenses are legitimate.

    Quote Originally Posted by WI Crippler
    I'd rather see a tax code that gives citizens back their purchasing power, than give the government our purchasing power. Make it a rewarding system(within limits) rather than a punitive one.
    I agree. Which is why I don't think people should be punished for choosing to rent, or choosing to work at a non-union job, or choosing to live in a state with low income taxes, or choosing to do their taxes themselves.
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  2. #12
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    Re: Which of these things should be tax deductible?

    Quote Originally Posted by Kandahar View Post
    Which of the things listed do you think you should be able to deduct from your income taxes?
    Tax prep costs only.

    The government should not be encouraging nor discouraging any legal behavior with tax write offs.

    It's just pandering to specific groups.
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  3. #13
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    Re: Which of these things should be tax deductible?

    My question is about the specific tax deductions listed. Do you really think that there need to be tax laws differentiating between buying safety shoes for a factory job and buying sneakers to wear around the house?
    Because when you purchase safety boots, its most likely required by OSHA that you do. I can agree that prehaps a tax write off for your business suit is a bit ridiculous. I don't know if you can do that, but you shouldn't be able to.

    I like the idea of a tax credit instead of a deduction for out-of-pocket medical expenses. I don't see why it needs to be capped though, as long as the expenses are legitimate.
    Well like I said earlier, the family deductible(actually I should clarify and say out of pocket expense as these are two different things) on a policy is around $5,000-$7500 anyway. The reason for the cap, is because I think it would be too expensive regarding the uninsured, if they were to have a high cost problem. As you know, a tax credit affects the bottom line on a return. I think it would cost the government too much to pay out every penny of the uninsured medical costs in this country. People would not wory about having insurance in this case, and essentially it would become government subsidized healthcare, through tax breaks. The government paying for all healthcare would simply be too much of a burden on the economy, no matter what way you slice it. It would be a "stimulus" like amount of money every 3-5 years.

    I agree. Which is why I don't think people should be punished for choosing to rent, or choosing to work at a non-union job, or choosing to live in a state with low income taxes, or choosing to do their taxes themselves.
    They aren't punished for any of those things, they just get incentive to do the other things. Although I think it would be dumb to move to a high tax state, just to get a tax deduction on the state taxes paid.
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  4. #14
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    Re: Which of these things should be tax deductible?

    Most of all the choices I think the education and medical expenses should be tax deductible. .
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  5. #15
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    Re: Which of these things should be tax deductible?

    Quote Originally Posted by WI Crippler View Post
    Because when you purchase safety boots, its most likely required by OSHA that you do. I can agree that prehaps a tax write off for your business suit is a bit ridiculous. I don't know if you can do that, but you shouldn't be able to.
    Ya but OSHA doesn't require you to work at that job in the first place. The employees presumably know what is expected of them as employees and consented to it.

    Quote Originally Posted by WI Crippler
    Well like I said earlier, the family deductible(actually I should clarify and say out of pocket expense as these are two different things) on a policy is around $5,000-$7500 anyway. The reason for the cap, is because I think it would be too expensive regarding the uninsured, if they were to have a high cost problem. As you know, a tax credit affects the bottom line on a return. I think it would cost the government too much to pay out every penny of the uninsured medical costs in this country. People would not wory about having insurance in this case, and essentially it would become government subsidized healthcare, through tax breaks. The government paying for all healthcare would simply be too much of a burden on the economy, no matter what way you slice it. It would be a "stimulus" like amount of money every 3-5 years.
    It seems like this would be a good way to keep the government out of the matter (if one is so inclined). Since the uninsured are the ones who rely on the government the most for their medical bills anyway, it seems like allowing them to deduct their full expenses would help ease their problems without a government program.

    Quote Originally Posted by WI Crippler
    They aren't punished for any of those things, they just get incentive to do the other things. Although I think it would be dumb to move to a high tax state, just to get a tax deduction on the state taxes paid.
    Getting an incentive to do other things is the same as punishing them for doing those things. Tax policy is basically a zero-sum game. For any given amount of tax revenue, if members of Group A get a tax cut, then members of Group ~A have to pay more.
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