Posted by Mike (WA) on March 22, 2013 at 08:34:09 from (69.10.199.246):
In Reply to: Re: Real Estate taxes posted by George Marsh on March 21, 2013 at 19:03:51:
Its the latest trend on "spreading the wealth around"- certain tax items don't "kick in" unless your income is above a certain level (or conversely, you are exempt if your income is below a certain level). Next phase is capping deductions if your income is above a certain level. Reducing a deduction results in the same bottom line for IRS as does imposing a tax, and its a whole lot easier to sell to the public.
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