I agree with you that the tax code is in need of a drastic restructuring.
But realize that when you argue for a simplified tax, you're saying we need to get rid of the many incentives baked into the current code. These run the gamut, including things like:
Investing (lower capital gains rate + ability to deduct losses from gains)
Education (credits/deductions for education spending + student loan interest)
Homeownership (mortgage interest deduction - just imagine home prices without it)
Alternative energy (credits for purchasing solar panels/green cars)
Charitable giving
And so on... I'm not saying that all of these credits/deductions are needed, just that their absence would cause changes to the US far bigger than your "lots of accountants +entrepreneurs would have some more free time" intended effect.
But realize that when you argue for a simplified tax, you're saying we need to get rid of the many incentives baked into the current code. These run the gamut, including things like:
Investing (lower capital gains rate + ability to deduct losses from gains)
Education (credits/deductions for education spending + student loan interest)
Homeownership (mortgage interest deduction - just imagine home prices without it)
Alternative energy (credits for purchasing solar panels/green cars)
Charitable giving
And so on... I'm not saying that all of these credits/deductions are needed, just that their absence would cause changes to the US far bigger than your "lots of accountants +entrepreneurs would have some more free time" intended effect.
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