As regular readers of this blog know, there is no bigger an animal lover than your humble blogger.
Our family has had one dog for almost 15 years and now have had a puppy since this past Super Bowl Sunday.
But this from An Unmarried Man literally made by blood boil.
Unfrickingbelievably, members of congress are really considering legislation creating a new $3,500 tax deduction.
According to this from Money Magazine, H. R. 3501, known by the acronym the HAPPY act, a pet owner could get a tax deduction for up to the above amount for such things as food and medical expenses.
Gee, can't we all deduct expenses for food?! I mean with non-reported high food prices and all, I think we could use a tax deduction for that.
I have joked that having two dogs would be a great tax deduction. But until now it has only been a joke.
But having an animal is a choice.
I love Scout the Wonder Dog and Cashew the Little Guy, but we chose to have them as a part of our family. Expenses and all. We have never really thought of them as possible tax breaks.
But what this once again proves is the total absurdity and break down in the so-called "progressive" tax code.
Yes, the federal government needs our tax dollars. No, it should not be as large as it is. But what is the best way to raise revenue and be fair to all taxpayers?
Once again, it is time to advocate a federal flat income tax.
Your humble blogger's plan?
A flat 15% percent on all income from $25,000 and up. And no deductions. Save for a phase out of the homeowner's deduction.
I hear it now.
But where is the fairness in that? An eeeeevvvvviiiiilllll rich guy like, oh maybe a Mitt Romney would pay, well 15% of his income in taxes.
But what about someone that makes $30,000 a year? What would that person's tax be?
Try $4,500 dollars.
Yeah, a lot of money.
But the fact of the matter is that about 47% of all potential tax payers do not pay any federal income tax.
So the burden is on 53% and those are the highest-income Americans.
That person making $30,000 may not pay any taxes based on deductions that they can take.
But imagine if that taxpayer that may have got a "refund" from the IRS next year got that money that is taken out of their paycheck and it simply went to Washington? What would they do?
Well first of all, they would demand that Washington would be held accountable in how our money is spent.
But when Washington wants to hand out this goodie, many people will say what is the big deal?
The big deal is that where in the hell does this stop?
Unless we demand accountability from those we send to congress and our state houses, it will NOT stop.
And the road to a Greek-style economic disaster gets shorter and shorter.
A tax break for Fido?
I should say not.
And I should say that we need to scrap this tax structure and replace it with something easy to understand and reasonable.
HT: An Unmarried Man