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Source: The Tax Policy Blog.
I think the road to tax reform lies in requiring all Congresscritters to do their tax returns via live webcasts. If they use a computer, the live screen feed should be available on the webcast. The finished product would immediately be posted for review and comment by the public. The webcast would also include a live comment window so fans could do play by play. It would make them think twice before imposing any more AGI phaseouts, at least.
Less ambitious, but also worthy, is a suggestion from one of our administrative people. She says that when she buys a new outfit, she takes an old one out of her closet and disposes of it. She suggests the same principle apply to words in the tax code.
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The items included in the Tax Update Blog are informational only and are not meant as tax advice. Consult with your tax advisor to determine how any item applies to your situation.
Joe Kristan writes the Tax Update items, and any opinions expressed or implied are not neccesarily shared by anyone else at Roth & Company, P.C. Address questions or comments on Tax Updates to