Comment: Ronald Karam rgkaram@earthilnk.net As an accountant I can think of several ideas but will only cover a few of them. 1. Do you remember when a tax deduction for a dependent was $600.00? At the same time so was the amount you could earn without having to file a 1099. Today the deduction for a dependent is $2,000 and the cutoff for a 1099 is still $600. Raising the amount you could earn without a 1099 should be raised at least up to a $1,000. This would save a lot of paperwork for companies for what doesn't amount to much plus the people earning those amounts don't make very much so they could earn a little more. 2. Have a deduction of $1,000 for interest income. This would be an incentive for people to save and reduce taxes for people in the average tax brackets. 3. Have a deduction of $1,000 for dividends. Same reason as number 2. Ron Karam rgkaram@earthlink.net |