Absurd IRS Code Observation Project (AIRSCOP) – Feb 23, 2014

When figuring out an individual’s deductions they add one for each filer and then if any of the filers are over 65 you get another standard deduction.  Why does this make sense?  The over 65 cohort has the highest median wealth of any age group.  Why are we using the tax code to subsidize the wealthiest age cohort in the country?

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