Such BS here on this bill, as well as by posters here.
How many of the wealthy actually pay 39%? Few if any.
The fact is, if you read your postings, most of you are wanting YOUR deductions/breaks/exemptions, but take from others. None of that is fair or possible for us to figure out how it plays out.
However, if all deductions/breaks/exemptions are removed, then we all know.
Simply require all money obtained to go to same progressive tax scale that starts at 1% on those making 30k, and ends at say 25% for $1+M. IOW, everything above 1M is taxed at 25%. No need for minimum tax. But applies to every penny that u get; lottery, inheritance, wage, dividends, salary, gains, etc.
Otoh, no eic so program needs to give money. Though, I prefer to see it, then hide it.
This would be most fair and easy enough to balance budget.