77 Simplified Tax Plan


77 Simplified Tax Plan
The Issue
Simplify the tax code, reduce all government tax defined deductions to the maximum of 7 for each bracket. Single, Married Filing Jointly or Qualified Widow(er), Married Filing Separately, Head of Household, Corporations etc. To be clearer for each bracket Government can have only seven tax deductions defined.
1.) Main goal reduces politics hiding tax deductions in the code for their favored interest and creates transparency.
2.) Large corporations and wealthy have a much less chance of dodging paying there share of the taxes.
3.) Will Drastically reduces complication -- reducing the average number of hours tax preparation.
4.) With maximum possible 7 deductions defined per bracket, spread the money saved into reduceing all the percentage rates through out the tiers, greater at the lowest tier, to less at the highest tier, the other half of savings will go to -- paying the deficit.

The Issue
Simplify the tax code, reduce all government tax defined deductions to the maximum of 7 for each bracket. Single, Married Filing Jointly or Qualified Widow(er), Married Filing Separately, Head of Household, Corporations etc. To be clearer for each bracket Government can have only seven tax deductions defined.
1.) Main goal reduces politics hiding tax deductions in the code for their favored interest and creates transparency.
2.) Large corporations and wealthy have a much less chance of dodging paying there share of the taxes.
3.) Will Drastically reduces complication -- reducing the average number of hours tax preparation.
4.) With maximum possible 7 deductions defined per bracket, spread the money saved into reduceing all the percentage rates through out the tiers, greater at the lowest tier, to less at the highest tier, the other half of savings will go to -- paying the deficit.

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Petition created on August 27, 2012

