Tax season always means a deluge of tax advice. Unfortunately, most of it is futile and lightweight.
Sentiment: NEGATIVE
We need to stop kicking the can down the road and rethink our entire tax system toward long-term, comprehensive tax reform.
Here's my thinking: Since tax reform only occurs once a generation, let's not tweak what we have and call it a day.
Tax reform is a once-in-a-generation opportunity.
At a certain point, you can't tax people beyond a certain level.
Now on a personal level with things like the California Tax Commission... I really think if people started banding together and saying no to this it could snowball and that could really help.
I say scrap the IRS. Let's start all over again.
What I want to do is make certain that no one's taxes go up. Let's look at cleaning up the tax code.
It's fundamentally unfair to have so much of the tax relief go to so few. And it is a 10-year tax plan rather than one, as mine, focused on the next two years, which in my opinion is the critical time to jumpstart the economy.
Tax reform is taking the taxes off things that have been taxed in the past and putting taxes on things that haven't been taxed before.
Tax time is the perfect opportunity to jumpstart your spring-cleaning by tackling your financial to-do list.