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Sunday November 22, 2009 11:41 PM ET
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The 5 Best Tax Changes We Won't See
Our tax code needs to be cleaned up. Here are changes you should demand.
 
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posted 12:43 PM EST May 23, 2009
Posted by: Robert D Flach on THE WANDERING TAX PRO

WP- You do make a good point. Credits should be allowed against "other taxes" like the self-employment tax. But nobody should "make a profit" by simply filing a tax return. TWTP

posted 2:46 AM EST May 23, 2009
Posted by: William Perez on THE WANDERING TAX PRO

Thanks for the kind comments. I agree with you that FICA/SECA taxes should be "pretax" for the income tax. That makes total sense! However I disagree with the idea of refundable credits. These are very useful for self-employed people in particular, as we can use such credits to help offset the self-employment tax. Perhaps we could just move the concept of non-refundable to mean non-refundable after all the additional taxes?

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