This is doable now, and doesn't require gimmicks that shift the tax burdens from the rich to everyone else.
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IRS could send pre-filled returns, given that employers, banks, and other entities are already required to send financial reporting.
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Then, if a taxpayer has special circumstances, they can adjust accordingly. But special interests wont let that happen.
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We could also make it simpler - impose a 40% tax on anyone making over $1M, long cap gain rate of 30%, and still capture more revenue.
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You'd be able to get rid of the AMT that way. Clean up depreciation and NOLs, etc. But that's not what the GOP wants. You want tax cuts.
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A flat tax w/ only 50% of investment income subject 2 tax? Careful, because rich ppl might take your joke seriously. So whats ur real plan?
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@RepKevinBrady and they will help the rich get richer because your tax reform will cost 9/10 Americans more.Thanks. Twitter will use this to make your timeline better. UndoUndo
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Except that's missing all of the forms that you need to figure out how to calculate all of those fields. Which is in today's tax
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And for Americans abroad that should be 0, zero, zilch, net, ling! TTFI is the way to go!
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Does smaller tax form = smaller tax burden 4 middle-class class? Or does smaller tax form= less deductions 4 middle-class ?
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Um nothing passes until Trump shows his tax returns period amen end of story so post all you want!!!
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I bet we would rather do more paperwork and pay a lower rate than the rich who stand to benefit the most from your new tax policy.
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Ahh yes the promise of simplicity. You guys are dealing the same trickle down deck. It's 40 years old. It doesn't work. Consensus will.
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Poor dear. Did you somehow miss mad dog Maddows display? Trump paid 38m.
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Thanks for making it so much easier for you people to take our hard earned money to spend on crap we don't support while gutting good things
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