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How U.S. Taxes could be different



QSBS could be a valuable tax exemption for owning / investing in small businesses

Gas stations / convenience stores / car washes could provide tax benefits through depreciation

Airlines could not receive government bailouts

Country / private clubs could not discriminate / receive tax benefits

Private equity could hold companies long-term / have tax advantages like Berkshire Hathaway

The IRS could be modernized

Private equity / hedge funds / venture capital / real estate / investment firms could not illegally avoid taxes

The IRS could enforce tax compliance

The top 1% (billionaires) could be taxed more

The U.S. could implement a value-added tax

Duplication, fragmentation, and overlap could be fixed across government

U.S. hospitals, universities, and other profitable organizations could have to meet requirements to be classified as nonprofits or change into for-profit

Puerto Rico's tax shelter for the rich could demonstrate economic development

Government employees could perform services instead of contractors / consultants to save taxpayer money

Companies going bankrupt could pay ahead for environmental cleanup costs

Charter schools could be more regulated and accountable

Prisons could have compassionate release

Tax-free investments could revitalize distressed economic areas

A sugar or soda tax could reduce obesity and diabetes

Taxes could be filed automatically without any work

Businesses could be certified as B Corporations and receive tax breaks

The Saver's Credit could be simplified and expanded

A Saver's Bonus could be offered to low-income tax filers

Tax refund increases could be required to be put into an IRA or other savings product

The Efficient Taxation of Income could replace the current tax system

The FairTax could replace all federal income taxes

The Alternative Minimum Tax (AMT) could be modified or repealed

Agricultural subsidies could be reformed

The EITC could be changed to minimize the distortion of incentives to work, marry, and have children

Taxpayers could receive receipts