Subject: tax reform 2005 Comment: Suggestion to be consider fo reform. Dividends/do away with qualified,unqualified dividends and delete dividend/capitol gain worksheet……………….. Replace line 9a/1040 with line 9b Report 75 +/- percent etc as income………………………… Social Security; Line 20a/1040 :Report S.S. income Line 20b/1040: Report 85 percent of line 20a Adjust gross income Add credit for low income tax payers Pretax IRAs(401k) Delete form 8606(non-deductible IRAs) Allow 1 to 5 years to zero account and not be part of taxable IRAs yearly with draw. edpalis@msn.com |