Our tax code's system of individual taxation is based on the typical American family of the 1950s. Significant simplification could be achieved by replacing the current four individual filing statuses with one and replacing personal and depedency exemptions with a single freely transferable credit.
Details
1. One filing status for individuals
2. No deductions for dependents
3. A freely transferable credit designed to achieve revenue neutrality with the current system. Credits of dependent children allocated by agreement of custodial parents, but defaulting to the mother if no agreement is reached.
4. Earned income taxed to person who earned it regardless of state community property laws.