Credits. Deductions. Exemptions. Phase-Ins. Phase-Outs. Exclusions. These are but some of the major elements that you can see in the US tax code. However, tinkering with taxes have been one of the issues raised by the Republicans and Democrats ever since 1913. Fast forward to 2008—I can see that the tax code will definitely get more complex with the proposed tax initiatives of Barack Obama and John McCain. If you want to get the inside story, then better read this article. (proposing major tax initiatives.)
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on Tuesday, June 10th, 2008 at 3:56 pm
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