New Simplified Tax Plan Unveiled

by Rodney Forbes on April 15, 2009

The first rough draft of President Obama’s simplified tax plan has been leaked to the press. The details are highlighted at the end of the article.

The following excerpt courtesy of Liz Sidoti

The president noted that he’s asked his economic advisers to thoroughly review how to simplify the tax code and report back to him by year’s end.

“We need to simplify a monstrous tax code that is far too complicated for most Americans to understand, but just complicated enough for the insiders who know how to game the system,” Obama said.

He added: “It will take time to undo the damage of years of carve-outs and loopholes. But I want every American to know that we will rewrite the tax code so that it puts your interests over any special interest. And we will make it quicker, easier, and less expensive for you to file a return, so that April 15 is not a date that is approached with dread each year.”

line 1 Total Income $_____________

line 2 Pay This Amount $_____________ enter line 1 on line 2.

Seems simple enough to me.

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