Tax Code Replacement

Regarding the Tax code Reforms. If Congress would stop worrying about what the special interests want and stop taking election donations from said special interests, passing a new tax code would be a whole lot easier. A 15% tax on all income and profits over $35,000 with NO subsidies, NO deductions would be fair for everyone, individual and businesses alike. Add free repatriation for overseas profits that are used for job creation, building infrastructure, funding research and development. We also should get rid of the inheritance tax. The middle class should be able to pass on wealth to the next generation, just like the rich do. It is stupid that we have an overly complicated incomprehensible tax code that costs so much for compliance. .How many people and business have been litigated and fined because they did not understand the tax code? How many people and business have been litigated and intimidated for partisan and ideological reasons? Clearly the IRS footprint and power needs to be reduced.  It is too powerful and has been used as a political weapon against our people.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s