Tax Reform ATR believes that all consumed income should be taxed one time, at one low and flat rate. Link
#Obamacare's looming tax increases are a train wreck waiting to happen: http://t.co/opFkyf1guJ
taxreformer
The Internet Sales Tax Vote Breakdown: A Republican Generation Gap: http://t.co/7GpRtPZGuh #NoNetTax
taxreformer
We're just beginning to scratch the surface on this IRS thing, folks. I'm talking more about it w/ @GerriWillisFBN tonight, 6pm^ET
MDuppler
Surprise: #Obamacare Leading to Higher Health Costs: http://t.co/J6dfnKqFYZ
taxreformer
In light of the developing IRS scandal, ATR’s @RyanLEllis asks, “Are these the people you want doing your taxes?”: http://t.co/oKvpIofu7Y
taxreformer
New @Mercatus video breaks down what’s at stake for states considering expanding Medicaid under #Obamacare: http://t.co/9TH9ftOBPF
taxreformer
List of Upcoming Obamacare Tax Hikes http://t.co/yEdM94o6lw
taxreformer
ATR’s @MDuppler discusses the ramifications of the developing IRS scandal on @VarneyCo: http://t.co/ZvMvMW9fRE
taxreformer
In new @DailyCaller op-ed, @GroverNorquist urges Congress to question IRS agents involved in this scandal: http://t.co/M0gV2GpQ9G
taxreformer
Gov. Bob McDonnell Signs Largest Tax Hike in Virginia History into Law: http://t.co/iENksi7uQi
taxreformer
ATR sent the following letter today to Congressman John Fleming (R-La.) and Senator Marco Rubio (R-Fl.):
On behalf of Americans for Tax Reform, I write today in support of H.R. 38/S. 448, the “Senior Tax Simplification Act.” I would urge all Congressmen and Senators to support this common-sense, pro-senior taxpayer legislation.
This bill would instruct the IRS to create a new form in the 1040 series designed especially for senior citizens with relatively-simple tax filing situations. The most common types of income reported by seniors would be on it—interest, dividends, capital gains, Social Security benefits, pension payments, IRA distributions, wages, and unemployment compensation.
For younger taxpayers, a similar form exists today—the 1040-EZ. It only reports wages, interest, and unemployment compensation. Any (childless) single taxpayer or married couple under age 65 making less than $100,000 is eligible to file this short form. Nearly 5 million taxpayers take advantage of this convenient form every year.
There is no reason why a similar form can’t be made available to seniors. 21 million tax returns are filed every year in households where the primary taxpayer is over age 65. Many of these taxpayers could use this form easily to make tax season less complicated.
Tax compliance costs need to be lowered as a part of fundamental tax reform. This bill is a good step in that direction.
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