The current U.S tax code is overly complicated and is an unnecessary burden upon all Americans. The annual compliance cost is estimated to be $365 Billion. Our tax code is inherently unfair, as deductions and exemptions exist for many special interests, life situations and it promotes certain life decisions over others. The progressive tax structure means that many Americans pay a higher rate simply because they are more successful and must therefore pay their "fair share"
I propose that we institute a flat income tax, with no deduction, exemptions, or loopholes. The tax rate to match our current system’s revenue could be as low as 6.5%. Tax returns would be simple and quick, and we could cut the IRS budget significantly. Furthermore, such a tax system would treat all Americans equally.