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They're not loopholes, they're legitimate deductions and structures. How much does imputation cost the federal budget? Should that be binned too?Tax for the sake of not being one of the lowest taxing countries in the world seems a fairly pointless goal. A government will always find ways to spend money. The last decade has shown neither side is immune from profligate waste and pork barreling. The hard part will be rolling back things like the baby bonus, and the various family tax benefits. Taking from the rich is always easier, because they only get one vote.
They're not loopholes, they're legitimate deductions and structures. How much does imputation cost the federal budget? Should that be binned too?
Tax for the sake of not being one of the lowest taxing countries in the world seems a fairly pointless goal. A government will always find ways to spend money. The last decade has shown neither side is immune from profligate waste and pork barreling. The hard part will be rolling back things like the baby bonus, and the various family tax benefits. Taking from the rich is always easier, because they only get one vote.
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