The better dictionaries -- Webster's Collegiate before 1960, e.g. -- are handy guides.
"Business Concern" meant a Company, for example .

Concern can mean to "have an interest in" or to "trouble/worry." I would have chose a word without negative connotations.

Concern can mean to "have an interest in" or to "trouble/worry." I would have chose a word without negative connotations.

Yes -- I am EXTREMELY concerned -- with making more money.
Making more money is an important concern .

You're concerned that you may end up with more money?

Philosophically I completely agree with getting rid of income tax altogether and moving towards consumption taxes instead, but there is little popular support for this proposition.

The entrenched system will not give way easily.

The mortgage deduction is so interwoven into household budgets, to remove it without reforming the entire tax code, would severely harm some families and probably bankrupt others. This is especially true in a soft real estate market.

All tax rates need to be lowered before the so called "loopholes" are reduced or eliminated. The other solution might be to give renters a proportional deduction for what they pay.

The argument for the fairness of deductions or for any generally applied tax is a subjective one. As long as you have any tax, someone is going to pay a disproportionate amount from what they receive. The theory is that since everyone receive more or less of each service, it all balances out in end.

Of course it never does.

I agree with your statement on the economy, Nietzsche.
The original link I saw showed the entire article. Sorry this link is behind a pay wall.

That's a nice article for educating people about how the math works. But when he says he would prefer to keep all the deductions but limit the benefits people can get from them, Dr. Feldstein seems to side with the planners and against liberty. The main reason to simplify the tax code is to take away one of the most powerful means by which people in Washington exercise influence over us. And, inevitably, the looters win. The home mortgage interest deduction has the effect of making working-class renters subsidize second homes at the beach. How is that just?

(have NOT yet read the WSJ article) --
My concern -- that Mr. Romney's Tax Plan can raise MY OWN revenue,
by omission (of tax) .

Let's talk about the looter nature of the income tax, not this or that "tax plan."

Unfortunately, to read these WSJ links beyond the first paragraph, you have to subscribe to the Journal.

The best way to raise revenue is by growing the economy.