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RE: It's hard to say what may make it and what won't- every tax has it's related irtneest group. I think we may see the mortgage deduction reduced to $300-500K. Do $1M+ home buyers really need a deduction? But I have no doubt taxes will be going up- we have to pay that irtneest on the debt one way or another.I'm in favor of a flat tax, say 5% of the first $50K and 20% everything over that with no deductions. I think it's important that everyone pay something, if only to keep them irtneested in how the money is being spent, and give them some skin in the game. After that, a flat tax with no exclusions/deductions offers the fewest long term distortions for the economy as a whole. Rate this comment: 0 0