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Comment by ptero

I suspect most of those strategies are perfectly legal under the current (insanely complex) US tax laws. Instead of trying to further complicate those laws to outlaw a few arcane tax strategies (likely in vain; more complexity likely leads to more arcane loopholes) we should be simplifying our laws. It should be dead simple to determine legality and IRS should be left with simple enforcing function.

I would be much in favor of flat rates with negative tax rates on first $X to help bridge the gap from minimum wage to living wage. And a better safety net for those who cannot work. My 2c.

parent ptero 7 years ago

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