From: "John Beamish" 

Ain't gonna happen.

How do you treat capital gains from stocks?  from selling a house?

Do you treat earned income, interest income, dividend income the same?

Do you treat the first dollar the same as the last dollar?  Do you allow
income splitting?

How do you treat foreign income with tax already deducted?  Suppose the tax
already paid is less than the equivalent tax in the US -- are you going to
rebate the difference or are you going to charge US tax on the remitted
portion?

There are a lot of things you can say about tax code but  "simplify
it" is the easiest to say and the hardest to do.

"Monte Davis"  wrote in message
news:33a470teum1utjhfbr9p2a5jj7i9d86uoo{at}4ax.com...
> "Mark"  wrote:
>
> >They could still build in less complicated breaks to encourage
homeownership
> >and for other social engineering initiatives i.e. once all the gay
marriage
> >shit is out of the way and they can marry too, they could do a combined
18%
> >rate for couples and say a 1% cut per kid - unless they decide there are
too
> >many kids and then cut it for births more than 9 months from the change
etc.
> >etc.  >instances>
>
> I'm all for simplification, but as I've said before I'd go further: NO
> tax breaks for social engineering. If Congress wants to encourage X,
> subsidize X. We can have all the fights we want over the latter -- but
> keeping taxes simple is the best way to convince everyone of their
> fairness.
>
> -Monte
>

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