Friday, April 29, 2005

The Beaufort Gazette: Uncle Sam casts eye to deduction

The Beaufort Gazette: Uncle Sam casts eye to deduction: "Uncle Sam casts eye to deduction
All benefits shouldn't flow uphill
Published Fri, Apr 29, 2005

Just in case anyone misunderstood the Internal Revenue Service forms -- and checks -- submitted by April 15, a presidential panel has a message: Taxpayers got off to light; they get too many deductions. Say again.
President Bush's Advisory Panel on Federal Tax Reform said in a report this week : 'We have lost sight of the fact that the fundamental purpose of our tax system is to raise revenues to fund government.'"

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