Cool. Want to talk about taxing alimony?
#mepolitics
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Replying to @ChesterfieldTag @AaronRHanlon
I understand how it currently works, sort of my day job...that's not what it appeared to say in the version of the bill I read. Can you show me where I am wrong?
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Currently, we tax when value changes hands, with some exceptions. You can look at inheritance as money that was already taxed, or you can look at it as money moving to a new person. Both are true.
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Replying to @ChesterfieldTag @AaronRHanlon
What we should do is produce thoughtful, well-vetted, well-rounded legislation. There is no reason to rush tax reform and risk a hasty-made bill. The situation is neither dire nor emegent. We should have a baseline for how and what we tax, build the bill around that.
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Any tax code will have winners and losers. We aren't really suggesting different things here. I think we should determine philosophy why, what and when we should tax, then figure out the rate and any exemptions and deductions. That is not what the tax bill did.
#mepolitics
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