[templar]

Reduce the corporate tax rate to 0%.

It's a fairly simple matter for a person (particularly a self employed person or any person conducting anything other than straight wage earning) to incorporate. There are a number of disadvantages to this now if you earn less than about double the average wage. This should remove all of the disadvantages for most people and allow them to reduce their effective tax rate to only a few percent at most (Arianna Huffington style). It should also provide a tremendous boost for accountants, lawyers, etc. to handle the details. Laywers in particular, I think, as they would be setting up the corporations and giving advice on how to make best legal use of them. Accountants would also get a big boost although many people would probably elect to do their own accounting via computer accounting programs.

[cpst12]

>>Reduce the corporate tax rate to 0%.

Right, incoporate, have the company pay most your living expenses...retain all your earnings, invest those retained earnings and the small one-person coporations can become worth millions of dollars in a few years without ever paying a single cent of taxes....somehow that doesn't exactly seem fair to me. Meanwhile, lets screw the income earner to make up for those "lost" taxes...why not make the coroporations pay all the taxes and let the wage earners keep 100%? That way, only corps need to file with the IRS and the other 100Million wage earners don't even need to file each year?