Diana Furchgott-Roth, MarketWatch

We Need Tax Reform More Than Ever

Our tax system has three fundamental weaknesses: (1) marginal tax rates are too high; (2) the structure of both personal and corporate taxes are much too complicated; and (3) the incentives for political mischief at the IRS are high while the likelihood of detection is low. It turns out, all three of these weaknesses are related, and they have one simple solution: tax simplification.

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