Blaster34 wrote:
But either one is far better than the totally complex, incomprehensible and unfair current system in place now. However, if you want to change the current code, eliminate ALL loopholes then reduce the effective tax rate on everyone and ensure ALL citizens pay federal income taxes. If they can tax Social Security, they can tax welfare, child support, workers comp, disaster relief payments and many others.
Eliminating ALL business deductions will have profound impact on the economy. And shift more wealth from working Americans to the wealthy.