Ok, I am throwing out my 2 cents. $0-$10000 - $0 $10000- 20000 -$2 $20000- 40000_ $ 500 $40001-$80000 - - $ 2000 $80001- $125000 - $2500 $125001- $250000 - $18750 $250001 - $500000 - 15% no deductions $5000000- $2,500,500 25% no deductions 2,500,001 on up 30% no deductions I'll offer for business, and eliminate the various levels...ie llc, corp s etc. One id for business. Tax rate of 20%, no deductions, no reason to hire lawyers, CPA's etc. A point of discussion. Give me the reasons why this is wrong. CPA's and a few lawyers lose their jobs but overall I see employment improving. Why not? I see no reason why I get a credit for having kids, but Oh yea I will take it. I have no mortgage, but if you do take the deductions good for you. The stupidity of deductions is a fallacy. The short term pain would go away quickly other than for the executives who justify their incomes on the falsehood of our current tax code.