Friedman had the right idea: Go to a proportional tax. Everyone pays 17% (Friedman’s number) of gross income. No deductions. The complete tax form could be on a post card. Indeed, for domestic income, you wouldn’t even have to file a return as you could have anyone paying someone an income pay the tax directly to the IRS. Removing all deductions means the reallocation impact of income taxes would be removed.
The current tax code is so complex, even the IRS doesn’t give the same answers to the tax owed for certain types of income. I called the IRS helpline twice for an answer to a question and got two different answers. As a result, I always ask for the person’s name if asking a question.
“Friedman had the right idea: Go to a proportional tax. Everyone pays 17%”
Flat tax
The rate should not be more than 10%. Even God only asks for 10%.
Also, the rate itself should be written directly in the Amendment itself, so that it would take another Constitutional Amendment to change it.