OnePercenter
Gold Member
- Apr 10, 2013
- 23,667
- 1,880
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Our government is so screwed up. We need to just scrap our entire tax code and start over. Get rid of all the loopholes, credits, deductions, etc. Combine income and capital gains into one number, and base brackets off of that. Let taxes be lower but progressive. Cap it at 30%. That way if you are rich and you make a ton of money from capital gains, it wont mean you get to avoid taxes and pay a lower effective rate than those in lower brackets.
Eliminate all business deductions/subsides except for employee expenses and allow a 1 to 1 deduction from Federal tax.