Simplify Tax Options Plan (S.T.O.P) Lets create a tax plan which evens the field for everyone.

1 Eliminate cap on taxable social security wages
2 Double ALL income tax level brackets & reduce all rates by 2%
3 Eliminate the Capital Gains Tax
4 Eliminate Alternative Minimum Tax (AMT)
5 Double Standard deduction & personal exemption amount
6 Change Itemized deductions to include educational expenses, childcare and all interest paid (credit card, automobile, student loans, etc)
7 Eliminate the provision which limits deductibility of itemized medical expenses
8 Limit Itemized deductions to 25% of AGI
9 Cap tax exempt interest to 30% of total AGI
10 Raise estate tax exclusion to $5M / person and 15% tax
11 Allow corporations to deduct cash dividends paid
12 Simply retirement contributions to be $10K or 25% of AGI
13 Set Sec 179 to be lessor of $100 or 25% of income
14 Index number by CPI