You are elected POTUS. What is your income tax plan?

[Torie]

A plan that raises the appropriate amount of revenue, carefully balancing "fairness," while minimizing the economic inefficiencies and distortions, that come with higher rates, but more loopholes and deductions and tax incentives and artificial distinctions, that are not accompanied by real economic distinctions, such as between ordinary income and capital gains (all profit in the end is fungible - the less dividends paid, the more capital gain later, etc.). I have put up in more detail how I think to get there, but doing it again, would be one bridge too many perhaps at this point. Oh, and a relatively high estate tax. That is a little bias of mine against trust fund babies I admit - based on personal experience.