Tax Rant

[HoneyBadger]

We're not "wealthy", but make too much according to the IRS to deduct losses from a rental property.

You're a 1 percenter, aren't you?

I really don't think deductions should exist. You should not get a "bonus" at tax time because you invested poorly, have student loans, lived on food stamps, and are a single mom with 8 kids. There should be no deductions at all.

Then again, there should be no income tax. There shouldn't be single moms with 8 kids living on food stamps, and the federal welfare programs shouldn't be growing by 30-50% every year. If federal assistance programs actually worked, every year we should see a decrease in the number of beneficiaries, right?