Tax Losses

It comes as no surprise to any observant person in this country that there is a wide disparity in our federal income tax treatment of persons who have differing incomes and financial resources. But while much has been written on tax law complexity and inefficiency, little or nothing has been said regarding the significant, yet often subtle, discrimination against some taxpayers within the same income category. Numerous articles on tax bias have served to illustrate the inequities in the law on a vertical level, while leaving unattended that large area of discrimination which exists on a horizontal level. Within the same income category, under the present tax structure, there are those who receive more favorable treatment from the government based on weak or even questionable rationales