We petition the United States Congress and President to undertake the following tax reforms, so as to insure simplicity of our tax code, reduction of uneven systemic loopholes, and a fair application of rates among all forms of taxation.
Allow Sole Proprietorships and Partnerships the ability to place retained earnings in separate tax structures from their personal income, such that entrepreneurs are not penalized for storing income for business growth.
Allow corporate dividends to be tax-deductible at the corporate level, to avoid double taxation. At the same time, make capital gains, dividends, and standard income one taxable item for investor taxes.
Lower the top corporate tax rate, while removing loopholes such that real corporate tax is roughly equivalent to nominal tax rates.