April 16, 2010 10:08:10 AM
:
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!
When will people realize that you can't treat someone with $250k income the same as someone at $1million and that the millionaire shouldn't pay the same as the guy who makes $50 or even $500 million? When looking at the highest 5% of earners there should be about 5 or 6 brackets from 250k up to 10million or so. Someone who makes $50k doesn't want to pay the same rate as someone who makes $100k. Why should I pay the same rate as a hedge manager who makes hundreds of millions of dollars?
