Revise and reform 540-EZ.
Give over 70 percent of Californian taxpayers a simple one page
tax form This common senses proposal is revenue neutral and long over
due
Bring back AB-1673 - Repeal the Inflation Tax .
This common sense proposal would treat all long term investments fairly,
stop the inflation tax on bank savings accounts, and force financial
institutions to report taxable capilal gains /losses on their every
statment.
The Congress and President have reserved the highest income
tax rate to individuals who earn twice the salary of Congressman or
Senator, while our California Legislature and Governor see fit to
apply the top CA income tax rate to individuals who earn less than
one half the salary of an Assembly Member or Senator. Conform the
California tax brackets with the Federal Tax Code would go a long
way to providing long over due relief to the middle class taxpayers.
The Standard
deduction allowed by Califormia is much less than that allowed by
the IRS. Increasing the standard decuction through the reduction/elimination
of tax credits would cost nothing and encourage the use of simpler
tax forms.
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