Mark -
Since any significant change to the tax code puts everything in play, I don't find it productive to worry about all the remoter corners of the existing code.
While ahhaha and others have expressed a preference for a flat tax on income, a national retail sales tax would, IMO, be a better choice as it would eliminate the IRS and all the tax preparation and documentation costs, as well as expand the tax base by decimating the underground economy. It would be a real voluntary tax, and eliminate the punishment of saving and investment, as well as reduce the marginal tax rate on extra work effort to zero (existing plans include FICA, and universal rebates would re-establish an effective zero tax level), as well as eliminate virtually all multiple taxation. Of course, the real problem is not the taxes, but the effectively unlimited spending financed by taxes and mostly carried out in violation of Constitutional prohibitions.
fairtax.org
Regards, Don |
