Janet Novack of the Forbes website, piggybacking off of the Senate's recent rejection of the Buffett Rule, discusses ten "gimmicks" that are already in the I.R.C. Among them are the "kiddie tax" and school supplies deduction, which Novack argues are doing a lot more harm than good.
See Janet Novack, "Beyond the Buffett Rule: 10 Stupid Tax Code Gimmicks," forbes.com (Apr. 17, 2012).
Posted by Matthew Evan Rappaport, Associate Editor, Wealth Strategies Journal

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