Quote:
Originally posted by Captain
While I happen to generally agree that the AMT is a kludge and I'm not particularly married to the mortgage interest deduction, isn't it inevitable that the code will be an exercise in "social engineering" and just a question of choosing your poison?
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Sure, but one can minimize the degree of social engineering by to the maximum extent possible eliminating specific exceptions and different treatment of income and expenses.
Reagan was reasonably successful at reducing the social engineering. But all the junk crept back in.
