[kls]

The tax code is filled with loopholes that require complex accounting to achieve, amounting to a huge regressive tax on those who do not have personal accountants.

As a person that broke the mark about 6 years ago, I have to agree. The first year that I "made it" was the first year that I could afford a real CPA. The loopholes where amazing. I ended up paying slightly less taxes than the year before and earned twice as much.

As much as I take advantage of the system (anyone in their right mind would). It is unfair, I feel that I pay enough, but it is ridiculous that we have to use loop holes in the first place.

The politicians raise taxes on the rich to win some points with the voting mass, they create some loopholes with a wink, wink to the rich who go along because in the end it is the same net. Meanwhile the taxes are not spread even, the rich and middle class end up bearing the brunt of taxation while it hurts the middle class far worse.

[api]

I've experienced this a little bit too.

The richer you are, the bigger the loopholes get. When you get really rich, you can do offshore accounting and all kinds of big-ticket tax-dodging that results in you paying less taxes as a percentage of your income than the person who makes your lattes.

I'm actually in favor of a flat tax (maybe trailing off to zero at the extreme low end of the scale) with absolutely no loopholes. Everyone pays X percent on all income, period. You might have a few deductions, but they would be for things like healthcare, child care, and education and would be strictly monitored.

That would actually raise taxes on the rich dramatically.