Last night the Republicans rode what was being called “a wave” to now control the US Senate beginning in January. It is the first time in two legislative sessions that both houses of the Congress were controlled by the same party. The last time both houses were controlled the Democrats were able to make a huge change in the lives of everyone in this country by passing Obamacare. This morning I wake up to a new US Senator-elect. While I was not a huge supporter I did vote for him. Pleasantly surprised, this morning I hear him saying he wants to lead the debate in the new senate on reforming the tax code. It is about time! Is it time for a new tax code?
Have you ever looked at the US Tax Code and tried to make sense of it? Pages upon pages of legal twisting and loop holes make it almost impossible for the average person to comply and follow. As taxpayers we are constantly looking for the right path to make sure we pay no more than we have to, but all that we have to. Why does it have to be so hard? Why do people dread April 15? Why do so may extend there deadline until October?
It is too burdensome.
I am just writing about the personal side. The whole situation is amplified with the corporate mess that is required to be followed.
Have you ever looked at the fair tax? It is a very interesting solution that seems very easy to follow, viable, and not punitive to any one economic class.
Some of the most successful and prosperous states in our union are those who have no personal state tax. I wonder how that can be? Could a simpler, fairer, tax code be what is needed to jumpstart our economy?
What are your thoughts? Keep what we have? Make more changes and add more lines of code? What about the fair tax? What about a flat tax?