It will never be reformed.
Gross Income
x8%
equals your tax
Everyone pays....no exemptions.
Only allowable deductions are for homeownership and charitable contributions.
Step 1 repeal the 16th amendment.
Step 2 make income taxes illegal.
Step 3 Incorporate 15% import tariffs as replacement revenue generators
Step 4 National Retail sales Tax NRST of 5%
I like the Flat Tax and would set it at 17% on both corporate and personal income as suggested by Friedman. The Fair Tax scares me because politicians get to tinker with the “prebate”, which is similar to using my tax dollars to give away free cell phones to deadbeats in order to buy votes.
I would also enact the following laws:
1. If you don’t pay Federal taxes, you don’t get to vote in Federal elections. Nothin’ in the game, why should you?
2. In any year there is a deficit of more than 3%, those sitting members of Congress may not sit for reelection in the next election.
3. Congress cannot exempt itself from any law placed on the citizens it represents.
Yeah, I know it won’t happen, but I’d sure like it if it could.
It’s only hard because of a lack of leadership and principle on the part of politicians.
Funny how liberals were able to ram through something as complex and far reaching as Obamacare, but when it comes to significant tax overhaul and simplification, so-called conservatives proclaim no way, never happen, too complex, too much disagreement, you’ll just have to settle for some minor tinkering....
D.C. isn’t in business for helping it’s in it for the money.
Tax revolt.
Defund the beast.
It’s only hard to do because our politicians are whores that need loopholes for all their best contributors. It would be easy to get a tax code that’s under 100 pages, but they don’t want it, so we’ll never get it.
Doesn’t the CBO have to use dynamic scoring now? That means that tax cuts can pay for themselves over time, unlike government bailouts.