Tax Deductions verse Tax Credits: Which is Better

Tax Deductions verse Tax Credits: Which is Better

If something is to be done in this country, chances are it will involve the tax code. What do I mean? If you want more people to use public transportation, we don’t make driving car illegal, we make it expensive with punitive taxes.And then we create steep discounts and give huge incentives to public transportation via tax subsidies. And voila - Now we have public transportation few people actually want, but boy does it make for great press releases and complicated tax returns. This type of Approach is so American — We don’t seem to be able to do anything directly, but rather are obsessed with the passive aggressive machinations of the tax code. Which could be the primary explanation of why the income tax is a such a mess — Americans fully demand it!Now in order to execute this delightful Tyranny over everyone’s life, the primary tools the tax code uses are tax deductions and tax credits. So what’s the difference? Which one is better? https://youtu.be/V0o05KSFXMo IRS Medic