Posted: Apr 25, 2005 By: Todd Coordt

Comment: I hope The President's Advisory Panel on Federal Tax Reform has three goals
for the U.S. income tax system:
1. Simplify
2. Simplify
3. Simplify

I would recommend a flat tax rate (i.e. 22%) with the following
No income tax below a poverty line (i.e. $30,000)
Keep deduction in place for charitable contributions
Keep $250m/$500m capital gain elimination for sale of primary residence
Eliminate AMT
Eliminate double-taxation of dividends

Todd Coordt
Baycap, Inc.
423 S. PCH, Suite 201
Redondo Beach, CA 90277
Phone (310) 316-9202
Fax (310) 944-9947