Tax Reform Anyone?

Here’s an interesting article on a recent court decision that could affect our tax code.

I think the article is sort of wishful thinking, and am not sure that the Legislative branch will have the commitment to really follow through with a TRUE reform of the tax code. Neither am I convinced that a PURE consumption tax is the way to go…always been more of a flat tax kind of guy.

However, it’s interesting to see–given how the “income” tax has been instituted twice for a “temporary” purpose (and just happened to “stick” the second time)–what the goverment deems to be true income and what it doesn’t…or shouldn’t.


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