We need serious tax reform. Simplified and easy to understand. A flat tax with a maximum tax rate of 10% would be great. No taxes on investment income generated by money previously taxed such as in a CD or taxable investment account.
People would be amazed how much that would help the economy by increasing disposable income and increasing the incentive to invest.
It will not happen because the creation of tax loopholes are lucrative for those we elect to political office.
Just my 2 cents.
Robbie aka Big Hutch
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