Doing your own personal income tax is a zoo. Took me a couple of days, with computer assistance. It's all the damn loopholes, exemptions, deductions, and tax credits that make it a mess. If we got rid of ALL the loopholes, doing your taxes would be simple, just use a calculator to figure a straight percent of your income. Get rid of all the picky definitions of who's a child, single, married, married filing separate returns, head of household. Pay the same whether you are married, single, divorced, what ever. Get rid of deductions for mortgages, medical, state and local taxes, the works. Get rid of credits for electric cars, energy saving furnaces, foreign taxes paid. children raised, tuition paid, houses bought, and money earned if you have children.
Just tax the income, don't try to give tax breaks depending upon how you spent it. If we dropped all the loopholes, we could drop the rates down to 15% for the average taxpayer. Charge the wealthy a little more, charge the poor a little less.
Put H&R Block out of business.
No comments:
Post a Comment