The governor and his select invitees to his closed tax conference last month praised simplifying Indiana’s tax code. It is an idea better loved by Americans than baseball, apple pie or motherhood.
There is no question that our national and state tax codes are enormous tomes when printed, complex and detailed beyond belief. How did they get that way? Blame the legislators who give special privileges to people and businesses willing to plead their arguments (in person or in cash).
For example, Indiana exempts $1,000 from taxation for each person in your household. Then, if the taxpayer and the spouse are 65 or older, they each get an additional $500 exemption. Plus, if the taxpayer or the spouse is blind, there is another $1,000 income exemption.