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by cook2712 from Triad......North Car

Last Post 7 days Ago


Do Members of Congress Pay Income Taxes?
Jul 23, 2008 | 1:36 PM
Category: Political
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Members do pay taxes on their Congressional salaries, but they have given themselves some extra perks that elevate them above normal taxpayers.

For example, they wrote into the law a $3,000 annual income tax deduction for maintaining a second residence. Normally, a taxpayer in a lawmaker's income bracket could be subject to reductions in the value of his or her mortgage interest write-off for residences. The typical American who uses an additional residence for business or rental purposes may qualify for certain expense deductions, but only by filing complex forms.

In addition the IRS maintains two "customer service centers" to assist lawmakers and Capitol Hill employees in filling out their tax forms at a cost to taxpayers of $100,000. In 1993 Money Magazine determined that 60 percent of the Members of the House Ways and Means and Senate Finance Committees, who are responsible for our tax laws, didn't even prepare their own tax returns. (For more on the advantages of holding office, see "NTUF Policy Paper 131: Congressional Perks: How the Trappings of Office Trap Taxpayers)

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cook2712

Being concerned about public opinion can bring you much grief and misery . even shorten your life... So be yourself and enjoy life.....................
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"We could certainly slow the aging process down if it had to work its way through Congress". Will Rogers www.windomnet.com/web/nls
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Member Since: 9/23/2007


 

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