Subject: Federal Income Tax System Comment: The areas of the income tax preparation that seems too complex are the sections on handling Ordinary Dividends & Capital Gains and Losses. Generally, tax preparation is too complex and the detail is excessive. Also, the use of the Capital Gain (Loss) Carryover should be liberized so that a loss can be "used" quicker. That will stimulate investment and trading and hopefully enable people to have higher earnings. |