True Federalist (진정한 연방 주의자)
Ernest
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Atlas Legend
Posts: 42,144
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« on: January 04, 2012, 09:59:13 PM » |
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Simplifying the tax code (by which I mean eliminating most, if not all, of the various loopholes, deductions, and exceptions, not a flat rate on what does get taxed) needs to be the first priority. Business income taxes need to shift from a tax on net income which can be easily fudged accounting wise by siphoning off income to various "expenses" to a tax on gross income for which such shenanigans are impossible. Also the various IRA's, MSA's 527's and other special purpose savings accounts should just be merged into a single purpose ISA (Individual Savings Account) where it doesn't matter what or when you use the money. It just gets deducted from income when it goes in, and gets counted as income when it comes out.
That would be a rough start.
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