Showing 2 ideas for tag "tax code"

Department of the Treasury

Function-based tax equation eliminates loopholes

Anyone else look at a continuous function in algebra class and wonder why on earth with all we know that our taxes are computed using large brackets? Seems to me a linear function would do one better. Any contributions or deductions would then affect your rate (however slightly) as well as your lower taxable income, and not just for the handful who are close enough to try to jump brackets. So there's more incentive for... more »

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Department of Defense

Restructure the US Tax code and revenue collection systems

Restructure the US Tax code and revenue collection systems The Obamacare health care bill alone added some 30,000 IRS agents; their salaries alone would be millions of dollars per year and that is just the tip of the iceberg. While it is important for taxes to be collected, our current system is a drain on time, economic resources, and complicates social issues. The government should switch to a flat tax of 18%. Filing... more »

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