icd:
My thought is every man ,woman and child, rich or poor should have a standard deduction. How much, I didn't know.
After the standard deduction, A flat tax. I didn't know how much. No deductions of any kind.
Do away with all the give-a-ways like child tax credits, education credits, and all the drains on this country.
This is federal welfare. Welfare should be done at a local level, maybe at the county level where the recipients can better be assessed .
I don't think there should be a separate tax on capital gains.
Even if they keep our crappy tax system I don't believe there should be any tax on capital gains.
I don't know about unlimited loss deductions on capital gains. I prefer not to have any.
I anxiously await your thoughts on my comments.