Tuesday, February 3, 2015

What would you change about the tax code?

The first five things I would eliminate from the tax code are:
  1. The ACA/Obamacare penalty.
  2. The taxes on tips.
  3. The taxes on gifts, no matter the size.
  4. The estate tax.
  5. The refundable tax credits - if you don't pay it in, you do not get it back.
    • I would be OK with these being converted to non-refundable.
Remember that all individuals are already taxed on their income. Taxing a gift (to a person or to an organization) is double taxing that income. Fuck that. And the same for the estate tax. I get taxed all of my life, and at the end of my life they want to confiscate more? Fuck that and fuck them.

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