The best way to use tax law to improve the economy is simplification and fairness. Tax all income the same! For corporations, get rid of tax "brackets" instead, tax at one corporate rate; then eliminate Chapter S status; Personal Service Corporations status; and consolidation of multiple companies on one return. This would increase revenue by disallowing the offset of one company's income with a loss from a money-losing one, while decreasing the tax-dodging moves inspired by having more than one tax bracket.

For more simplification, change the definition of "taxable income." Try eliminating tax loss carry-back, but make tax loss carry-forward go on until offset by profit. Also eliminate deductions for meals & entertainment. And delete deductions for state and local taxes; income should not be treated differently based upon the residence of the person (or location of entity) earning the income.

See more ideas at www.ComingTogether.info

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