Thursday, November 9, 2017

What If Taxes Could Make Divorce Even More Painful? - Bloomberg

What If Taxes Could Make Divorce Even More Painful? - Bloomberg



my comment:





Interesting piece. I'd take it a bit further re: income and expense. Why not let all salary income people deduct the expense of domestic labor? As a financial advisor, I saw lots of women stop working because 2 high incomes were too highly taxed and with children, elderly parents, whatever, this would be a way to provide lots of low skilled jobs. What do you think?

Cheers

"The tax code says that income should be taxed -- and in order to keep us from taxing the same bit of income over and over until the entire economy collapses into dust, it also says that whoever provides that income should be allowed an offsetting expense."

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