Message Font: Serif | Sans-Serif
No. of Recommendations: 3
I’m hoping some expert will do the fact check. IF you limit deductions to 17k, how much do you raise ? Romney blew it, he should have said if I was limited to 17k in deductions I would have paid an additional X millions in tax in 2010 and 2011. Buffett would have paid an additional 5-10 million in tax per year, who knows what the numbers are ? I think we should limit deductions to say 75k - 100k so that lower income people can still write off mortgage interest or they might kill the housing recovery. If Romney adds in a 20 % tax on unrealized gains donated and sold by foundations , tax owed at the time of sale , he can still win this election. Looking forward to the latest polls, it might be a dead heat again, the most important election of our lives.
Print the post  


When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.