21 July 2019

Simplify the U.S. Tax Code to Grow the Economy

Share This Story

The modern income tax was passed 100 years ago on a simple premise — it would apply only to the top one-half of 1 percent of the population and it would be easy to fill out — just one page.

The income tax would raise revenue necessary to provide for the common defense and operate the government. Most Americans would vote for that proposal now. No one would vote for the tax system we currently have.

So tax reform talk is in the air and it’s time to hold on to your wallet. Whenever the discussion turns to taxes, it’s always, Tax someone else — they have more. The American tax code is a mess — something both parties actually agree on. The question is, “What can we do about it?”

Click here for the original column in Deseret News.

Join Our Online Community
Join the Better Way To Retire community and get access to applications, relevant research, groups and blogs. Let us help you Retire Better™
FamilyWealth Social News
Follow Us