The Most Controversial Tax Deductions

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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.




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