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Reply to "What really needs to be fixed in the tax code?"
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[quote=Anonymous][quote=Anonymous]It's seems like the talk about tax reform going on is not about fixing what's really wrong with the tax code so much as redistributing the tax burden. If you had the chance to fix the tax code, what would you fix? Here's my list: Treat carried interest as ordinary income. Treat interest and dividends as ordinary income. Index capital gains to inflation and treat as ordinary income. Eliminate the mortgage interest deduction for second homes. What else?[/quote] I 100% agree with all of these OP. I also want to get rid of the Social Security loophole allowing people to take spousal social security while delaying taking your own social security to maximize the amount. You get your own or 1/2 your spouses, and once you take it, you've made your choice, no switching.[/quote]
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