Below you'll find a list of all posts that have been tagged as “Tax deduction”
The mortgage interest tax deduction is a garbage policy. It’s hugely regressive: 52 percent of the benefit goes to the richest 10 percent of Americans, and only 0.1 percent of the benefit goes to the poorest 20 percent. The deduction is supposed to encourage homeownership, but economists Edward Glaeser and Jesse Shapiro have found that it overwhelmingly goes to rich …
Including the professional class, perhaps 3% of the workforce is truly independent. Being self-employed (i.e. owning your own small business that does not require employees) is an integral part of the American Dream. Many start out dreaming of a corner office in Corporate America, but as they move up the ladder, many become disillusioned by the process and the goal: do …
