Daniel J. Mitchell. Enjoy your audit.
1. Eliminate ALL corporate tax.
1a. Eliminate ALL depletion allowances and depreciation allowances.
2. Eliminate ALL current IRS regulations.
3. Set the individual tax rate at 10% regardless of income.
3a. Perquisites at taxed at 10% of cost.
3b. Withhold at the rate of 11%, to get a refund you have to file taxes, but there is no legal imperative to file.
4. Tax ALL money coming into the country at 0% (yes, ZERO%).
5. Tax ALL money leaving the country at 10%.
One of the keys to COMPLETE tax reform is to remove ‘gaming’ from the system which is a significant factor currently. Today’s system is chock-a-block full of government approved subsidies and penalties with enforcement, both civil and criminal, by the IRS using the “guilty until you PROVE your innocence” standard!
As a paid seasonal tax preparer, I am cognizant of all of the vagaries in income manipulation and how it innately advantages the rich who have the ability to time income as opposed to the merely middle-class and below who live much closer to the line. (This, to me, is a ready explanation why many of the truly wealthy have no difficulty being liberal as they face no great danger from tax increases.)
Heck, here if you buy whole leaf there is no tax! I have been doing it for years. I roll my own. I call them “Patrick Henry’s”.