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Most Americans believe that the current Federal Income Tax needs to be reformed. There is less agreement over what the reform should look like.  For example, some  believe that wealthy people pay too little tax while others would further reduce all tax rates or only those of the middle and upper classes. It has even been proposed that we scrap the Income Tax and replace it with a tax on consumption. Other people simply want to reduce the complexity of the income tax code in various ways. The problem with all of these plans is that every tax savings has a Special Interest Lobby dedicated to saving it and all of the other complexities in the code were put there to stop what was perceived as abusive employment of one or more of the tax saving complexities. What do you believe would constitute real tax reform?

Tags: Business Interests, Federal, General Information, Individual Interests, Tax Reform //