Everyone hates taxes, right? I know I certainly do. You may not think so based on the title of this post, but I get it. As every American probably knows, the big move right now is to reform taxes. The President wants to cut taxes. The Republican House and Senate seem to be moving forward. I guess I’m just not sure: Why cut taxes? At least right now.
Does Anything Get Fixed With The New Proposals?
My biggest concern with what I’m reading is that things don’t seem to get fixed. When I look at taxes, the problem I have is how arbitrary things are. You have, as an example, a $3,000 limit if you lose money on stocks. That’s the most you can write off in a year. This is completely arbitrary.