Sunday, March 8, 2009

Tax Reform

My proposal for reforming the federal tax code:

1) The entire federal tax code shall fit on one side of a letter size 8.5 x 11 inch paper with Arial 10 (or Times Roman 12) font.

2) An individual tax return shall fit on one side of a 3 x 5 inch postcard with the same font.

3) A tax return shall be on an individual basis, i.e., no married filing jointly or similar collectivist filings.

4) There shall be no corporate income tax.

5) The tax rate shall be the same for all individuals, with no zero-bracket amount and no exempt income.

That should result in massive layoffs at the IRS -- and a better life for all productive Americans.