That’s crap. Get rid of all the deductions. Get a flat tax and I’ll file on a single page.
I’ve believed for many years any benefit provided by your employer or your business be included as income including heath benefits, gym, golf clubs etc etc
No deductions except standard and single or family and a flat tax, maybe progressive with 3 levels.
All income including capital gains should be income.
I want my tax return 1 page front only and legible enough that normal people can fill it out themselves.
“All income including capital gains should be income.”
That’s because you’re a commie with deep resentment toward those who have earned enough to be comfortable.
Assets sold need to be adjusted for the (actual, real) inflation (tax) provided by the Feds over the period the asset was held. Anything else is THEFT!
Anyone with any degree of complexity will not be able to put it all on one page. It would be good for the average tax-payer.
Those with rental property could not possibly use one page. Nor could those with stock purchases and sales and carryovers.
When you speak of one page just how many lines will that be?
Removing the property tax and interest deductions would collapse the Real Estate market just for starters.
As a Conservative stuck living in a Blue State (Illinois) I fully support a FLAT TAX that EVERYONE pays.
Stop this nonsense that anyone below a certain dollar amount a year pay NOTHING. Either EVERYONE has skin in the game or NO ONE has skin in the game.
Everyone pays, no exceptions.