April 15, 2010 10:42:39 AM
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Pretty much everyone thinks the tax system could be improved, and many think it needs to be overhauled completely. How would you improve the US tax system? Whether it's a completely different structure or just a tweak to how we file, we want to hear your Tax Day Tweaks!
A few suggestions for Federal income tax:
Have a top marginal rate of an even 40% for high incomes (say over $250K for singles and $500K for couples).
Increase the capital gains tax rates to something closer to regular income rates, but allow a larger write-off per year for capital losses.
Abolish the AMT; the regular tax system is complicated enough without AMT.
