Tax Reform

You may be aware that for years there have been groups of people calling for major changes to the federal income tax system in the United States. Do you believe the current federal income tax system should be reformed? How? Why? What would you recommend changing? What impact might this have? Please consider doing a bit of research and putting some thought into your recommendations. Also, consider including your perspective on some related questions, such as: (1) whether you believe the current system is fair to all taxpayers; (2) whether you believe the system is too complex; (3) whether you believe the system is too expensive to administer; and (4) whether you believe the current system is effective at raising revenue, while not adversely impacting business, personal, and financial decisions. There may not necessarily be any "right" or "wrong" answers in this threaded discussion, but we're instead interested in your thoughts on the topic, and please remember to articulate your reasoning. These are the same issues that the courts and Congress tend to consider. What do you think and why?