Federal Income Tax Simplification To Save Our Tax Revenue (Billions of Dollars)
People and companies need a simple and efficient federal tax system. But our existing tax system has 7 tax brackets, 21-page Withholding Tables, 224 (7×4×8) formulas, 28 taxable income ranges, and 12-page Tax Table, which is too complex.
We are tax researchers and have spent 10 years to research tax simplification with 12 research papers. The existing complex federal income tax system can be matched and simplified by simple 3 brackets with 2 simple linear formulas and 1 existing formula at www.taxsimplecenter.net/uploads/8/3/3/9/83395216/wf_tax_bill_draft11.pdf (2 pages). Then the complex 21-page Withholding Tables, 224 formulas, and 28 taxable income ranges can be eliminated. Their tax rates are matched without tax revenue change (Fig. 1) at www.academicstar.us/UploadFile/Picture/2023-5/20235518550488.pdf (Research Paper: Benefits and Values of the LG Tax Simplification for Federal Government, Companies and Taxpayers). A checking tool is provided to reduce tax calculation mistakes. Many people may file their federal and state tax returns with 1-page modifications (Table 3). It can simplify our existing tax system by more than 98% (1-3/224) and save $10 billion for IRS, businesses, and taxpayers (Table 7).
Please join me in signing the petition to tell Congress to save our tax revenue by simplifying tax system, increasing IRS efficiency, reducing cost, and saving billions of dollars for taxpayers and businesses.
Decision Maker:
Senate Finance Committee: www.finance.senate.gov/about/subcommittees#taxation
House W&M Committee: https://waysandmeans.house.gov
www.congressweb.com/abc/legislators/
We are tax researchers and have spent 10 years to research tax simplification with 12 research papers. The existing complex federal income tax system can be matched and simplified by simple 3 brackets with 2 simple linear formulas and 1 existing formula at www.taxsimplecenter.net/uploads/8/3/3/9/83395216/wf_tax_bill_draft11.pdf (2 pages). Then the complex 21-page Withholding Tables, 224 formulas, and 28 taxable income ranges can be eliminated. Their tax rates are matched without tax revenue change (Fig. 1) at www.academicstar.us/UploadFile/Picture/2023-5/20235518550488.pdf (Research Paper: Benefits and Values of the LG Tax Simplification for Federal Government, Companies and Taxpayers). A checking tool is provided to reduce tax calculation mistakes. Many people may file their federal and state tax returns with 1-page modifications (Table 3). It can simplify our existing tax system by more than 98% (1-3/224) and save $10 billion for IRS, businesses, and taxpayers (Table 7).
Please join me in signing the petition to tell Congress to save our tax revenue by simplifying tax system, increasing IRS efficiency, reducing cost, and saving billions of dollars for taxpayers and businesses.
Decision Maker:
Senate Finance Committee: www.finance.senate.gov/about/subcommittees#taxation
House W&M Committee: https://waysandmeans.house.gov
www.congressweb.com/abc/legislators/
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