Here's part 7 of a piece from Money Central that lists the seven tax changes they would like to see:
Raise the personal income-tax exemption. Then, tax income above that level at 25%. I would boost the personal exemption to $50,000 for singles and $100,000 for couples. This great idea from Michael Graetz, a Yale University tax expert, would eliminate 100 million tax returns.
Sounds great -- for lower income individuals. But sounds like the rest of us would have to pick up the slack. This doesn't seem too exciting to me.
Click here to read part 8 of this series.
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