Subject: Federal Tax Reform Comment: It is time to implement a simplified Federal Income Tax based on our annual income reduced by an amount equal to income each individual has already paid income tax on including payroll tax on Social Security. For retirees the income from investments should also be deducted to help supplement Social Security and other retirement income. The worse thing you could do is create another layer of appointed or hired political party supporters to figure our tax for us. For one thing they would not understand the tax code as well as the individual does and there would have to be another layer of government workers to iron out the differences. |