Our current, 67,204-page tax code is a monstrosity.
And, simplification is the answer.
But the solution does not lie in the recommendations of President Bush's 2005 Federal Tax Reform Panel, as the paper suggests. That panel was chaired by former Senators John Breaux of Louisiana and Connie Mack of Florida, but many of the staffers--who came up with the "solutions"--were tax attorneys, CPAs and former IRS officials. Yep, the same folks who've given us our current system. Think they're interested in real tax reform?
However, there is a way to fix the tax code, get rid of the IRS, make our country a global tax haven, and set the stage for the greatest economic boom in the history of the world.
The Fair Tax.