Re:Peter Thiel To Join Trump Transition Team
by smsm42 on Friday November 11, 2016 @10:40AM
(#12931568)
Well, OK, it was an imaginary example of course so yes, there are limits, but the point is when comparing tax rates as to how "fair" they are it is completely pointless if one forgets the charity donations. The outcome becomes completely wrong.
[ Parent
| on HN ]
Re:Peter Thiel To Join Trump Transition Team
by maxerickson on Friday November 11, 2016 @11:19AM
(#12931998)
"fair" without some specific discussion of a viewpoint is always pointless.
Is it somehow objectively fair that Romney can give an extra ~$1.3 million dollars to some cause other than the US government? Of course not.
(I don't think it is the largest problem with the tax code, but I'm not real certain it is a good thing, the rules for determining whether a charity qualifies to receive deductible contributions effectively add a lot of complexity to the tax code)