What Is a Furnace Draft Inducer Blower? I'll tell you what it is ...

[krw]

Funny, you never sounded like a Democrat before.

[krw]

A tax is a tax, whether it's paid today or tomorrow.

That depends on the deduction, obviously. The mortgage deduction is similar, yes.

[Kurt Ullman]

Nah a tax is a tax when it is a tax. Not when it is inflation, which can and have happened in high(er) tax environments too. All taxes have to come from Congress, inflation comes from the actions of the Fed (among others), and the reactions of the economy.

Find one that isn't a manipulation of some sort. Heck, the deduction by the employer of the healthcare insurance is the number 1 cause that we are in the current trouble there. Even the deduction for some some state taxes is to manipulate the tax code. THere is no earthly reason for the Feds to give deductions for state taxes. I'd have to spend more time than it is worth to look it up, but at least according to an accountant who was also a lawyer, the only true deduction might be that for municipal bond interest, if you buy his reading of the constitutional requirment.

[Kurt Ullman]

Geez disagree with you once and you start hurling the personal attacks (grin).

[Michael Dobony]

A deduction is a reduction in income. A nonrefundable credit is a reduction of tax owed up to the amount on line 44 on Form 1040 (Child Tax Credit). These are on lines 47 to 53 on Fomr 1040. Refundable tax credits are the ones your neighbor pays you, such as the Making Work Pay, the EIC, the Advanced Child Tax Credit. These are the line 61 through line 70 credits.

[krw]

Inflation is a side issue. The loan still has to be repaid, some day. ...maybe.

"Manipulation"? The entire tax code is a manipulation. That's got nothing to do with it. The personal exemption is one that's not at all similar. Everyone (who pays taxes) gets it.

Neither of those are direct transfers from the treasury to individuals.

What does that have to do with the price of oats in China?