And note that taxing companies is inherently a regressive tax. America would be better served by abolishing corporate tax entirely. On the individual side I w

And note that taxing companies is inherently a regressive tax. America would be better served by abolishing corporate tax entirely. On the individual side I would expand schedule C to all income-producing activities--what it cost to make the money comes off the top rather than the current mess (especially as unreimbursed business expense isn't even deductible at present.) This would include all hobby activities, the only difference being a zero floor for hobby "income"--you can't write off hobby losses against other income. Obviously, individual tax rates would have to go up, but so long as it was revenue neutral I think America would benefit.