tag:blogger.com,1999:blog-38606399.post4791105246724854196..comments2023-09-23T00:38:53.296-07:00Comments on Money and Such: This is What's Wrong with the Tax CodeUnknownnoreply@blogger.comBlogger4125tag:blogger.com,1999:blog-38606399.post-29213476435448970792011-08-08T10:22:32.507-07:002011-08-08T10:22:32.507-07:00If what you say were possible, that would make the...If what you say were possible, that would make the tax code more fair in my opinion and the country would be better off from it. I wonder when anything like tax code reform will take place. and no worries, I completely get it about the lobbying industry. Thanks for the post again.The Gentlemanhttps://www.blogger.com/profile/15510455050237942772noreply@blogger.comtag:blogger.com,1999:blog-38606399.post-84997853517183654412011-08-07T23:06:21.033-07:002011-08-07T23:06:21.033-07:00Gentleman - well, a good place to start would be t...Gentleman - well, a good place to start would be to have all income, regardless of source, be taxed at the same level (e.g. Capital gains, dividends and income all taxed at the individual's marginal rate). Forget about things like carried interest. Then forget about all sorts of unfair deductions, e.g. Mortgage interest deduction, deduction for health care spending and so on. Next, get rid of all corporate loopholes - from agricultural subsidies to oil exploration subsidies. <br /><br />What can I tell you. It seems like pretty simple stuff if people are willing to do the right thing. Unfortunately, that is rarely, if ever, the case.<br /><br />BTW I am not blaming you as individual lobbyist. Youre making a living and providing for your family. If that was my job I would do e same. That's not to say that your industry is one I like. I think a fair analogy would be the tobacco industry - individuals providing for their family and doing the right thing, while the industry as a whole should be scrapped. Just my personal opinion.Shadoxhttps://www.blogger.com/profile/11742366461186295248noreply@blogger.comtag:blogger.com,1999:blog-38606399.post-17279797628194029092011-08-07T18:54:45.292-07:002011-08-07T18:54:45.292-07:00I thank you for the post, but do you have any more...I thank you for the post, but do you have any more information about what a new tax code would look like? How do we avoid loop holes when the people in charge of the tax code itself are looking at their own self interests? Also, I work for a lobbying firm and it isn't so much us who control policy, but our wealthy clients who expect us to lobby on their behalf. Unfortunately it is a business like any other and when work comes we take it, good or bad. Thanks again for the post.The Gentlemanhttps://www.blogger.com/profile/15510455050237942772noreply@blogger.comtag:blogger.com,1999:blog-38606399.post-7936893435147961532007-06-29T12:09:00.000-07:002007-06-29T12:09:00.000-07:00Having had the misfortune to have to once file a 1...Having had the misfortune to have to once file a 1040NR EZ, I can tell you that the problem with your tax system is that its too complicated and all the forms and notes are badly written. This means that tax loopholes can only be taken advantage of by the rich.Anonymousnoreply@blogger.com