If you were given the responsibility of changing laws, and the government and people of the United States had no choice but to uphold your laws (other than being thrown in jail), how would you reform the tax code?
Do you think that either the “flat tax” or the “fair tax” would be appropriate for the country? Is a consumption tax the best path? Should the tax system be regressive? What about wealth redistribution through taxation? Do different economic times call for modifications to the tax code or does one tax code fit all economic situations?
If you think that the tax system in the United States is perfect the way it, then please feel free to say so in the comments below.
Please share your thoughts: How would you reform the tax code?
Updated April 17, 2008 and originally published April 15, 2008. If you enjoyed this article, subscribe to the RSS feed or receive daily emails. Follow @flexo on Twitter and visit our Facebook page for more updates.