Tax Deductions Quotes
With most of the able bodied males in the military, women were the mainstay of American industry. Therefore the recruiting campaigns were targeted to them. And women tended to value health care and insurance more so than men. Therefore it was offered and maintained. The labor unions and many workers themselves realized that health insurance was a tax free benefit and so the returning male veterans not only entered the workforce where health insurance was a part of compensation, but where it was not, it was a collective bargaining objective as it was worth more than the cash raise of wages. More health insurance should be provided than the employees could be after paying his taxes.
For many years, the interest on home mortages have been deductible from Federal Income tax and most state income taxes. Originally, this tax subsidy was instituted to promote the idea of personal home ownership and help the real estate industry which has always had a great deal of political clout. See {634700}.
This is a classic example of one of the many politicians of the 20th and 21st century who would call anyone a communist who opposed anything that he regarded as American. In actuality, there were some very conservative economists and shareholders who did not think that the funding of celebrations had little or no value for shareholders. Many on the left were concerned that the celebration was in great part paid for by all Americans because of the tax deduction that was allowed. However none were communists.
This is the basis for the difference between tax evasion which is illegal and tax avoidance which is legal—made so by this Supreme Court decision.
