1. Banking on the ire of middle class homeowners, though, housing trade groups have already started to lobby against ending the deduction. 2. Fini at one point proposed ending the deduction of income taxes from monthly salaries, with employees instead paying their taxes directly at the end of the year. 3. In April, the OECD countries agreed to end tax deductions for bribes paid to advance international business. 4. Mostly, they would end tax deductions for corporations and wealthy individuals. 5. Only Forbes the nonpolitician has a tax so flat as to countenance the serious political heresy of ending the deductions for home mortgages and charitable contributions. 6. Similarly, if the flat tax ended the deduction for mortgage interest, it should do so only on new mortgages. 7. That additional burden would be imposed, Bush claims, because the proposal would end some deductions that employers now take on tax-exempt benefits. 8. The Clinton proposal would only end tax deductions for long-term securities sold after today. 9. The problem, Cole said, is that a flat tax may end the deductions that employers now receive for contributions to retirement plans. 10. Mark Spitzer, a Phoenix tax attorney, said the McCain proposal is to end the deductions employers can now take on tax-exempt benefits they give their workers. |