Tax Guy: 5 big tax rip-offs that should be repealed

With a new president and a new Congress, much-needed tax reform may finally be possible. Here are five tax rip-offs that should be reformed out of existence.

Employees can’t deduct health premiums

If you’re an employee who has to pay for your own health insurance, you don’t get any tax write-off unless your company provides a cafeteria benefit plan. Many small and medium-size companies don’t. So you have to pay health premiums with after-tax dollars. Meanwhile, employees with better benefit packages get tax-free company-paid health coverage, and self-employed folks are allowed to write off their health insurance premiums. Unfair!

Renters get no tax breaks

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