Don't do it you make to much to deduct the interst. I can't even deduct the (close to) 250.00 in college application fees for my kid.
The whole thing is crazy. There is a real problem when the average person finds paying taxes confusing. Wouldn't it be simpler to simply have a flat tax or a national sales tax or something?
When the Liberal "porkulus" package was in the house the Republicans suggested a 5% across the board reduction in Income Tax for individuals and a reduction in Capital Gains of 10% for business (35% to 25%). This stimulates business and the consumer.
No, said Pelosi, Ried and other Liberal pinheads. Not an option. The "porkulus" bill stands as is. You can "hope for change" but it ain't gonna happen.
r8
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