Tax Reform
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1
. Which of the following best describes your general view regarding income tax reform?
Which of the following best describes your general view regarding income tax reform?
The current income tax system is fine but rates need to be raised to eliminate the deficit
The current income tax system is fine and rates do not need to be substantially changed
The current income tax system is fine but rates need to be reduced to stimulate the economy
Modest income tax reforms as well as rate reductions are needed to stimulate the economy
A complete overhaul of the tax code is needed to unleash our nation's economic potential
2
. NOTE: For the remainder of this survey, revenue neutrality is assumed (i.e. government revenue remains the same). Government revenue and spending levels will be more fully addressed in the next survey.
Which if any of the following income tax reform proposals should be considered? (check all that apply)
NOTE: For the remainder of this survey, revenue neutrality is assumed (i.e. government revenue remains the same). Government revenue and spending levels will be more fully addressed in the next survey. Which if any of the following income tax reform proposals should be considered? (check all that apply)
Exempt capital gains, and modify the income tax rates under the current system to favor middle class families and eliminate the marriage penalty
Exempt capital gains, and adopt a flat 20% income tax, keeping personal exemptions and deductions for mortgage interest and charitable contributions
Eliminate the income and payroll tax, and adopt a 23% national sales tax, with a fixed monthly prebate to offset the tax on necessities
Exempt capital gains, eliminate the payroll tax, and adopt a 9% national sales tax with prebate, a flat 9% business income tax, and a flat 9% personal income tax, keeping the charitable contribution deduction
Eliminate the income tax, and adopt a 9% national sales tax with prebate
3
. The foregoing flat income tax proposals all include some exemptions and deductions. Which if any of the following arguments for exemptions and deductions do you find persuasive? (check all that apply)
The foregoing flat income tax proposals all include some exemptions and deductions. Which if any of the following arguments for exemptions and deductions do you find persuasive? (check all that apply)
A personal exemption keeps basic living expenses tax free
A mortgage interest deduction promotes home ownership
A charitable contribution deduction promotes private philanthropy
An interest and dividends deduction promotes savings and investment
A capital gains exemption promotes economic growth
4
. The foregoing national sales tax proposals all include a monthly prebate. Which if any of the following arguments for a prebate do you find persuasive? (check all that apply)
The foregoing national sales tax proposals all include a monthly prebate. Which if any of the following arguments for a prebate do you find persuasive? (check all that apply)
A prebate keeps basic living expenses tax free
A prebate results in an effectively lower rate for the middle class
A prebate makes the tax non-regressive yet substantially flat
A prebate is not based on household spending or income, thus preserving financial privacy
A prebate would not be paid to illegal residents, who would thus pay the full tax rate
5
. At the risk of substantially increasing the above sales/income tax rates due to narrowing of the tax base, which if any of the following expenses should also be exempt/deductible? (check all that apply)
At the risk of substantially increasing the above sales/income tax rates due to narrowing of the tax base, which if any of the following expenses should also be exempt/deductible? (check all that apply)
Food
Gasoline
Medical services
New home sales
Internet commerce
6
. Which of the following tax reforms at the state level should be considered? (check all that apply)
Which of the following tax reforms at the state level should be considered? (check all that apply)
Similar state income tax reforms as at the federal level
Cap property tax rate and/or annual increases
Targeted business tax incentives
Statewide tax equalization/streamlining
Increase revenues from public lands
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