I started the 21st Century Taxation blog on May 14, 2007. I'll keep blogging because it's fun and, well, our tax system has still not moved into the 21st century! In most states, particularly California, the sales tax applies to consumption of 20th century items (tangible personal property) rather than also 21st century items (digital goods, entertainment and personal services). Tax rules for retirement plans assume people stay at jobs for long times and that all workers can afford a retirement plan. Our federal income tax still operates mostly like it did when the US did not face much competition from foreign companies.
Tax reform is on the congressional agenda now. Whether the parties will reach some type of compromise on the needed reforms? Will they be able to make appropriate change in a revenue neutral way? Will some special rules be ended only to create new special rules? Will a reformed system be simpler than our current system?
We'll see.
What do you think? Any particular tax reform topics you'd like to see in future blog posts?
Thanks for reading!
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