Comment: April 15, 2005 The President's Advisory Panel on Federal Tax Reform 1440 New York Avenue NW Suite 2100 Washington, DC 20220 Ladies and Gentlemen: I appreciate the opportunity to submit my comments regarding reform of the Federal Tax Code. As you have become aware during your hearings, the current Federal Tax Code has become a giant burden to individuals and business, not only in cost but also in trying to comply with thousands of pages of code and regulations. In 2003, there were 54,846 pages to the Federal Income Tax Rules, including the tax code, tax regulations, and IRS rulings. That is many more times the pages in the Holy Bible, War and Peace, Gone with the Wind, and The Complete Works of William Shakespeare (unabridged) combined. The goal of the Tax Reform Act of 1986 was tax simplification and tax reform, but the number of pages in the tax code in 1984 was 26,300. We have more than d oubled the tax code since then! (Source: http://www.cato.org/dailys/04-15-03-3.html). In my opinion, we do not need to just tinker around with the current income tax code. We need to scrap it. The Fair Tax Act of 2005, sponsored by Rep. Linder of Ga., replaces the current individual, corporate, estate and payroll taxes with a national retail sales tax. I am sure by now you are well aware of this legislation. It has my full support. I would hope that your panel would be bold in its recommendations to the President. The President is a man of grit and determination. With his leadership and your recommendation, we can do what is right for this country and eliminate the beast that the current tax laws have become. Thank you very much. Robert W. Richards CPA I agree totally and completely with this letter and would hope that your committee willl count me in the tax payers who favor of the Fair Tax Act of 2005. Sincerely yours, Barbara J. Mackey _____ Do you Yahoo!? Yahoo! Mail |