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Reply to "2013 Itemized deductions and HHI, why is my effective so high, what are we doing wrong?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I think that a flat tax around 18-20% across the board would be fair for everyone. No confusing deductions or credits etc... If you still need welfare or social services you can still get them.[/quote] I agree that a simpler tax code would be great. I wonder if we will ever see it[/quote] HIghly doubtful. Just like estate planning has gotten so complex you need an attorney to design a will/trust, tax returns have gone the same, complicated way. Special interests want more tax loop holes so people need to pay experts to work the system. [/quote] You forgot a couple of special interests: the IRS's 105,000+ employees and is Treasury Department's largest bureau. Corporations went the complicated system because it is easier for them to manipulate and hide their very low (and in some cases negative) effective tax break. [/quote]
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