What are YOUR ideas on Tax Reform?

[Skill and Chance]

Raise taxes on the rich and lower taxes on the poor/middle class. Eliminate SS/MC payroll tax cap and use that money to increase benefit amounts.

This is a far better way to handle payroll taxes than eliminating them and raising income/estate taxes to fund SS/Medicare.  SS and Medicare will inevitably go the way of Medicaid within 12 years if you do the latter.

[Skill and Chance]

1. Drop the estate tax exemption from $10M to $500K.  Allow an additional $1M for equity in a bona fide, actively managed farm/ranch or small business with fewer than 50 W-2 or 1099 employees.  Assets left to surviving spouses are entirely exempt.  This would apply to gifts given to children, etc. over a lifetime.  The only exemptions are paying another's medical or educational expenses.

2. Abolish federal income taxes on W-2 earned income, at all income levels.

3.  Create a federal sales tax or VAT set at 25-30% and raise the federal income tax on dividends, capital gains, rents, and all other forms of passive income to match the level of the VAT.

4.  Everyone receives a basic income equal to the average VAT burden in the previous year on the spending of a family at 2X the poverty line for a household of their size

5.  Keep payroll taxes, but remove the cap and lower the total rate to about 5% per employee for the employee's half.  The self-employed only have to pay their half and the rest is covered by the government.  SS/Medicare will be much more likely to remain funded and solvent if everyone in the country who is employed is always contributing something to them.

Thoughts?  The idea is to be neutral between saving and spending (the current system heavily favors spending in the current year), promote entrepreneurship, and encourage everyone who can to pursue W-2 work.

[Skill and Chance]

Dramatically cut payroll taxes.

95% tax on income about $5 million.

100% estate tax on anything above $1 million.

Make student loan repayments tax deductible.

You realize that is going to utterly destroy a bunch of rural landowning families that only actually make like $30-50K/yr, right?

[Skill and Chance]

Eliminate corporate, capital gains, and estate taxes. Remove wage income cap on Social Security tax.

Are you really OK with an 18 year old who inherits a $100M investment portfolio outside of retirement accounts and never needs to do any W-2 work never paying any federal taxes at all in their lifetime?  IMO, the reverse scenario where W-2 work is untaxed other than for social insurance and passive income is taxed heavily at 25% or even 50% from the 1st dollar is far more just and efficient at promoting work.

*I presume you are including taxation of stock dividends and (non-municipal) bond coupon payments in "capital gains."  My apologies if you are not.