Income Tax Simplification To Save Our Tax Revenue (Billions of Dollars)

The Issue

People and companies need simple and efficient tax systems. But our existing federal tax system is very complex*, which can be simplified by 98% to save billions of dollars.                                           

* Our existing federal tax system has complex 7 tax brackets, 28 taxable income ranges, 21-page Withholding Tables, 224 (7×4×8) formulas and 12-page Tax Table. We have researched tax simplification with 12 research papers. The existing complex federal income tax system can be matched and simplified by 2 simple linear formulas and 1 existing formula (3 brackets) at www.taxsimplecenter.net/uploads/8/3/3/9/83395216/wf_tax_bill_draft11.pdf (2 pages). Then the complex 21-page Withholding Tables, 224 formulas, and 28 taxable income ranges can be eliminated. Their tax rates are matched with neutral tax revenue change (Fig. 1) at www.academicstar.us/UploadFile/Picture/2023-5/20235518550488.pdf (Research Paper: Benefits and Values of the LG Tax Simplification for Federal Government, Companies and Taxpayers). A checking tool is provided to reduce tax calculation mistakes. Many people may file both federal and state tax returns with 1-page modifications simply (Table 3). It can simplify our existing federal tax system by more than 98% (1-3/224) reduction and save more than $10 billion for IRS, businesses, and taxpayers (Table 7). 

Please join me in signing the petition to tell Congress to save our tax revenue by simplifying tax system, increasing IRS efficiency, reducing cost, and saving billions of dollars for taxpayers and businesses. 

www.petition2congress.com/ctas/federal-income-tax-simplification-saving-billions

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John LeePetition StarterTax Researcher

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The Issue

People and companies need simple and efficient tax systems. But our existing federal tax system is very complex*, which can be simplified by 98% to save billions of dollars.                                           

* Our existing federal tax system has complex 7 tax brackets, 28 taxable income ranges, 21-page Withholding Tables, 224 (7×4×8) formulas and 12-page Tax Table. We have researched tax simplification with 12 research papers. The existing complex federal income tax system can be matched and simplified by 2 simple linear formulas and 1 existing formula (3 brackets) at www.taxsimplecenter.net/uploads/8/3/3/9/83395216/wf_tax_bill_draft11.pdf (2 pages). Then the complex 21-page Withholding Tables, 224 formulas, and 28 taxable income ranges can be eliminated. Their tax rates are matched with neutral tax revenue change (Fig. 1) at www.academicstar.us/UploadFile/Picture/2023-5/20235518550488.pdf (Research Paper: Benefits and Values of the LG Tax Simplification for Federal Government, Companies and Taxpayers). A checking tool is provided to reduce tax calculation mistakes. Many people may file both federal and state tax returns with 1-page modifications simply (Table 3). It can simplify our existing federal tax system by more than 98% (1-3/224) reduction and save more than $10 billion for IRS, businesses, and taxpayers (Table 7). 

Please join me in signing the petition to tell Congress to save our tax revenue by simplifying tax system, increasing IRS efficiency, reducing cost, and saving billions of dollars for taxpayers and businesses. 

www.petition2congress.com/ctas/federal-income-tax-simplification-saving-billions

avatar of the starter
John LeePetition StarterTax Researcher

The Decision Makers

Senate Finance Committee: www.finance.senate.gov
Senate Finance Committee: www.finance.senate.gov
House W&M Committee: https://waysandmeans.house.gov
House W&M Committee: https://waysandmeans.house.gov
www.congressweb.com/abc/legislators/
www.congressweb.com/abc/legislators/

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Petition created on December 25, 2023