Why are the itemized deductions what they are? why allow, Ask an Expert

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Why are the itemized deductions what they are? Why allow home mortgage interest, not credit card interest? Why allow medical expense deductions, not school expense deductions? Why allow state and local income and property taxes, but not state and local sales taxes? Why, oh why, oh why? What are your thoughts, any itemized deductions you think should not be included, or not there that should be, and why? Can you make sense out of the present scheme and the six major groups (medical, local taxes, some interest, casualty, contributions, miscellaneous)?

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Financial Accounting, Accounting

Category:- Financial Accounting
Reference No.:- M9432068

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