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CI Carlson's avatar

Stay well, Jordan.

Tyler P. Harwell's avatar

The zero bracket should be raised to $50K. The capital gains on sale of principle residence exemption should be made extended to all gains up to $1M reinvested in replacement housing including assisted living and nursing home or family care. Trump's give aways to businesses shoukd be taken back.

Then a Universal value added tax on all business transaction including those by "non-profits" covering services as well as goods and equipment should be instituted in a revenue neutral fashion to be offset by income rate reductions and reforms involving simplification and the elimination of preferences other than force earned income over passive income

The FIT is an abomination. It should not be the workhorse of the US Treasury. A broadbase consumption tax should be. A flat tax on GNP.

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