Bush's tax commission (
reg required) has come up with a plan to simplify the tax code.
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a presidential commission studying the tax laws has reached the conclusion that there are too many deductions and credits.
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Hey, that may have some merit. It's common knowledge that many wealthy people and corporations can use odd tax loopholes and deductions to pay no taxes, right?
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a deduction for student loan interest and tax-advantaged savings plans. Urban and rural tax zones encourage investment and job creation. Dozens of other tax benefits help families raise children and save for retirement, encourage adoption, nudge drivers toward hybrid cars and push businesses to invest in new equipment.
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provide health insurance to employees
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mortgage interest deduction, a capital gains break for home sales, a deduction for charitable contributions and the child tax credit.
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This, combined with an estate tax repeal, will certainly make taxes simpler - if you're poor or middle class, pay up!