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Gillespie On Bundy, Officer Shootings
Reno: News From The North
Columnist: No Way Any Convention Is Coming To Las Vegas
Bundyfest: It Could Happen
Life In Baker, California
Bryce Harper Benched In Washington
The HOA: Help Or Headache?
Is The Cosmopolitan Of Las Vegas For Sale?
Reno A Frontrunner For Tesla Plant
Reid Vs. Heller On Bundy Standoff
Lowden Embraces Changing Senate Elections
The State Of The Clark County School District
States Look At Marijuana Laws
Gut Feeling: What We Learned From The Hadza About Digestion
Missing Out On A High School Diploma
Las Vegas City Council Votes For Horse-Drawn Carriages
The Good Foods Of Lent
Utah Keeps 'Utes' As Mascot
Why Don't We Know Who's Behind the Kelly Cheating Scandal?
The Progressive Bluegrass Sounds Of The Infamous Stringdusters
Castro And Patrick Spar Over Immigration
Boycott Las Vegas Say Social Conservatives
How Safe Is Your Food?
Robert Coover And The Return Of The Brunists
Behind The Bundy Ranch Standoff
Can 'Serious' Reading Happen Online?
Lynne Jasames On Why 'It's Okay To Cry'
BASE Jumping: The Allure And The Danger

What Would You Give Up To Reduce The Deficit?
What Would You Give Up To Reduce The Deficit?

AIR DATE: December 5, 2012

Whether it comes with the fiscal cliff or a longer-term deal to restructure the income tax code, Congress will be looking at "closing loopholes" in the tax code. That also means it will be looking at popular deductions many of us use - the deduction for mortgage interest, tax-free health insurance and possibly even the charitable deductions. You'll probably be shocked to hear the hundreds of billions these popular deductions cost. So what tax deductions would you give up to help reduce the federal deficit?
David Cay Johnston, author of "Free Lunch" and "The Fine Print"
Kolleen Kelley, President, Greater Las Vegas Association of Realtors
Cassie Palmer, President, United Way of Southern Nevada


    comments powered by Disqus
    Deductions make our ridiculous, inefficient, unjust tax system even worse, but to eliminate them would just add fuel to the fire of big government spending. Now, if I could somehow give up paying *taxes* in general, I'd be willing to give up a lot, nearly everything actually, if only because I don't think government provides much that I want or need anyway. Indeed, most tax money is either spent on crap, bureaucracy, things that don't need to be done, or is given to people that didn't earn it. So, let's go with a flat $1000/year head tax to pay for a modest defensive military and a few courts of law, and then call it done. Right now, I'm paying taxes for all sorts of unnecessary and ridiculous goods and services that by and large are consumed by others, and that is not just, deductions or no.
    Tom HurstDec 3, 2012 19:06:41 PM
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