Re:Killing TurboTax
by Rebelgecko on Wednesday March 03, 2021 @07:16PM
(#26336853)
I don't think that's true. The US has used tax laws as a way to effect policies since before Turbotax existed. I think the mortgage interest deduction goes back 100+ years
[ Parent
| on HN ]
The mortgage interest deduction was an accidental side-effect of pro-business regulation, and it doesn’t advance any reasonable societal goals. It’s effectively a regressive tax break, the richer the beneficiary the larger the tax break, up to ordinary 7-digit millionaire.
https://www.nytimes.com/2006/03/05/magazine/who-needs-the-mo...