The Most Controversial Tax Deductions

AAA

Tax deductions help reduce your tax bill – what could possibly be wrong with that? Unfortunately, the truth is slightly more complicated than it looks. A tax deduction is a reduction in taxes for someone, but not necessarily you. Any reduction in the overall tax revenues in the era of big government means that more taxes will be taken from people who don't get the best mix of deductions. This unfortunate truth has a lot of people questioning some of the deductions and the unintended consequences they may have. In this article, we'll look at some of the most controversial tax deductions.




comments powered by Disqus
Related Articles
  1. Deferred Tax Asset
    Term

    Deferred Tax Asset

  2. Federal Tax Brackets
    Taxes

    Federal Tax Brackets

  3. What's the difference between a 401(k) and a Roth IRA?
    Retirement

    What's the difference between a 401(k) and a Roth IRA?

  4. Will I have to pay taxes on my 401(k) plan if I quit my job?
    Retirement

    Will I have to pay taxes on my 401(k) plan if I quit my job?

  5. Can real estate be depreciated?
    Taxes

    Can real estate be depreciated?

  6. After-Tax Balance Rules For Retirement Accounts
    Taxes

    After-Tax Balance Rules For Retirement Accounts

  7. Changes In Tax Legislation And Regulation
    Taxes

    Changes In Tax Legislation And Regulation

Trading Center