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Path: utzoo!linus!decvax!harpo!floyd!clyde!ihnp4!inuxc!inuxa!claus
From: claus@inuxa.UUCP (David Claus)
Newsgroups: net.taxes
Subject: A New Tax Deduction?
Message-ID: <233@inuxa.UUCP>
Date: Mon, 14-Nov-83 08:14:20 EST
Article-I.D.: inuxa.233
Posted: Mon Nov 14 08:14:20 1983
Date-Received: Tue, 15-Nov-83 06:02:49 EST
Organization: AT&T Consumer Products Div., Indianapolis
Lines: 14

Over the weekend I was thinking about taxes and the current deficit spending
and had an idea for a new tax deduction.  Since last year's government
budget was ~ $800 billion of which $128.8 billion went to pay interest on
the National Debt, I should be allowed to deduct 128.8/800 or 16% of all
the tax I paid as an interest expense.  Of course it would take a recursive
procedure to determine my final tax and therefore my allowed deduction, but
I think this deduction is as fair as any other interest deduction, in fact
possibly fairer since I've had no say so over the majority of the Debt.(I'm
only 25)  Does anyone have any ideas on whether this is already legal, would
help control deficit spending, or just make taxes even more complex.

Dave Claus
ATTCP Indy