CSPAN2 In Depth With Steve Forbes June 6, 2016
Guest it takes the current code, get rid of it. A couple years ago the taxwriting committee in they put together after several efforts, a bill to try to rationalize the current code. It tells you all you need to know. You were to put in a single rate. We recommend 17 . Generous exemptions so nobody gets a tax increase. For example, a family of four, the first 52800 of salary is free from federal income tax. No tax in your savings. Same thing on the corporate side. Knock the rate down to 17 . You will have immediate, you would only pay . 17 on the dollar. You could literally do your tax return ...