Would Eliminating The Property Tax Deduction Be A Big Deal?
The Tax Foundation’s dynamic economic model finds that the elimination of the property tax deduction would shrink the economy by $94 billion, reduce employment by the equivalent of approximately 216,000 jobs, and decrease wages by 0.4%.
Woman CPA Sees Little Progress In A Generation
From that point of view, I do believe that Sheryl Sandberg has a point. But, it is not the main point. If we follow her recommendations, we are just submitting to the same old paradigm. She would have us totally conform to the traditional male business style.
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Over and over again courts have said that there is nothing sinister in so arranging one’s affairs as to keep taxes as low as possible. Everybody does so, rich or poor; and all do right, for nobody owes any public duty to pay more than the law demands: taxes are enforced exactions, not voluntary contributions. To demand more in the name of morals is mere cant.