I am a CPA, I represent many small business and many individuals. I see and understand the tax code and how it helps and hurts. The people are getting screwed. We pay 28% interest on credit cards and can't write it off. Day care expense is limited to $6,000 dollars a year. The same amount for the last 30 yrs. You lose money in the stock market and you can deduct only $3,000 the same amount for the last 30 plus yrs.
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Oct. 12, 2011