You always Knew that IRS Income Tax Calculations had to be a Rip-Off

All you hear about these days when you open the papers or turn on the news is how the country has a terrible federal budget deficit and how something has to be done to bring it under control. One of the solutions that is suggested from time to time is that the government should think of initiating IRS reform for a better way in which to collect revenues and to do away with inefficiencies. IRS income tax reform should occur for other reasons as well though. As disgruntled taxpayers have noted for ages, there is so much about the laws that the IRS runs on that can be unfair to the taxpayer. Should reform ever come about, these are what the IRS should correct before anything else.

Renting a home to live in as opposed to buying, has become far more popular today ever since the housing crisis started. If you own a home, you can claim a tax deduction for your property taxes and for your mortgage interest. If you sell your home, you don't pay any income tax for up to a half-million dollars. If you make any green improvements to your home, you get tax credits. Now renters get no IRS income tax breaks whatsoever. Which, if you think about it, is unfair. Either renters should get the kinds of tax breaks that homeowners do, or homeowners should lose their tax breaks as well.

Let's say that you have a job where you don't get health insurance coverage. You have no choice but to get coverage by buying it on the open market. With your after-tax salary. There are no tax write offs that you can claim then. To employees who have health coverage at work though it's tax-free. Even people who run their own business have permission to write off whatever they pay in premiums. It's just the poor people who work jobs that don't offer coverage who get nothing. This kind of IRS income tax discrimination has to stop.

Most people hate being taxed once; how about paying the IRS income tax three times for the same income? That's what happens when your Social Security benefits are taxed. You'll notice this when you first start receiving your benefits. About 85% of your check is taxable. The problem with that being taxable, is this. Social Security benefits aren't free; they are technically supposed to be income you were supposed to be paid when you worked, that the government just held back for you so that you would have something to live on after retirement. So technically, that's income you've already earned. If the government has been holding onto your money for this long, they earn something on it. And anyway, Social Security is something that is considered a part of your taxable salary when you work. You've already paid taxes on them; and you've forgone interest; now when you actually get your check, you're paying taxes.

Look at it this way - the government is already completely short of money. What would they do if they didn't get you three times for the same thing?