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We could simplify the tax code. That doesn't mean a flat tax because the marginal rates are the simplest part of our current tax code. Get rid of most (all?) de
by brewdad 4y ago
We could simplify the tax code. That doesn't mean a flat tax because the marginal rates are the simplest part of our current tax code. Get rid of most (all?) deductions and tax income at the resulting appropriate level. There's no good reason capital gains should be taxed at a different level than other income. The tax changes under Trump mean that 90% of filers take the standard deduction. The remaining 10% can pay the same as everyone else and adjust their future behavior accordingly.