This thread has gone wild, but if we are talking about how to fix the tax loopholes and laws, here is my take:

Eliminate the current method of trying to legislate the morals of the people and giving benefits to your friends though the tax laws. If you truly want a fair tax system, make it the same for everybody.

For personal taxes: the first $20K of income is tax exempt. Then all income over that amount is taxed at 20%. This takes care of the taxes on the poor, but keeps the incentive to make more.

For corporate taxes: The first $100K of net income (gross income less cost of sales) is exempt from corporate taxes. Then all net income over that amount is taxed at 25%. This gives the small companies a chance to grow, and keeps the larger companies on an even footing, since there will be no beneficial treatment with loopholes specifically written for them.

Advantages: The tax forms would be no more than 10 lines long. The IRS department would be reduced by about 50%, since there would be no "interpretation" of the law. The truly needy are taken care of. Tax accountants and lawyers would no longer be needed (my personal favorite!).

Disadvantages: The Congress would no longer be able to reward those that pay off to them with tax benefits or appeal for votes by the needy with promises of lower taxes. But is that really a disadvantage?

Analysis: Will this system ever be put into place? No. Why? See "Disadvantages" as listed above.

Fix #2: Term limits on all government officials. Government service was never supposed to be a lifetime career The President can only be in office for 8 years. Why can Congressmen and Senators be allowed to be there for ever? Makes no sense to me.....

I could keep going, but you get the idea!

If you want to start the write-in campaign for me as President and Stovebolt for Vice-President, let me know..... ;-)

I promise to run a non mud slinging campaign.

Yea, right....