Originally Posted by
Slaphappy
Honestly we would all be better off getting rid of all dedications and credits.
Agreed. Close all loop holes and tax capitol gains like normal income.
You wouldn't even need to file taxes. W2's and 1099s are already sent to the IRS anyway. They know how much and by what means you make your money. That's why failing to report income is the #1 way to get flagged for audit.