Comment Re:All for taxing the rich (Score 2, Interesting) 244
Personally, I would agree with you entirely.
Now, everyone has their own preference on what a "simplified" tax code would look like.
For myself, I'd use something similar to an S-curve. Maybe even use that family of curves directly. What you want is for those who earn very little to pay very little, for there to be a region where this increases substantially (because life ain't cheap, even when you can use scale efficiencies meaningfully), and for an asymptotic region for the mega-wealthy. You feed in the expected earnings for the year, you integrate over the curve, and you divide by 12. That's the tax per month for the financial year. If a person changes earnings, either due to a raise, unemployment, or whatever, you use a weighted average, recalculate, then subtract what has already been paid.
This is simple, quick, easy, and only requires that you have expected earnings reported to somewhere central, which needs to be true for taxes anyway.
No tax brackets, no deductions, just a straight calculation by a computer. And, as computers do the taxes anyway these days, that's not much of a hardship. You simply set the parameters for the curve to be such that nobody really needs anything to be deductable.
I'm sure there will be plenty of others who advocate flat taxes or other schemes, and some of those may even work out better than what I'm suggesting. I have no ego at stake here, so if others can do better, go for it. My point is not that my idea is somehow good, it's rather that we can indeed close the loopholes and simplify the tax code - enormously - without creating massive unfairness and without having to rely on naive assumptions about economies.