I personally favor using an assumed income on wealth and taxiing that as income. I would favor treating all income as ordinary income and adjusting tax rates to

I personally favor using an assumed income on wealth and taxiing that as income. I would favor treating all income as ordinary income and adjusting tax rates to accommodate changes in revenue. Income is income regardless of source. Simplicity can be helpful. Remove all tax credits and deduction except a standard deduction. There is no sense in taxing the poor it's just kind of cruel.