Annette Nellen I ideas To Improve Tax Policy

I started 21st Century Taxation Blog 14 years ago today as a way to share ideas and hopefully engage discussion on how to improve our tax systems to meet principles of good tax policy and reflect the ways we live and do business today. It’s been enjoyable and I appreciate everyone who reads and comments on my posts!

A few thoughts of areas that need attention that we don’t hear enough about (some I have blogged on):

  • Repeal the kiddie tax – too much complexity and not needed. When an asset is truly given to someone else, that person pays taxes on it at their own tax rate.
  • Repeal the rental revenue exclusion for renting out your home for less than 15 days (§280A(g)). Not needed and mostly benefits higher income with the home by the nice golf course where some tournaments will be played.
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