Question: What one regulation would you like to see changed in your selected federal department or agency?
Bob’s answer: IRS
Individuals and businesses should have both lower and more simplified taxes. The effective tax rate for individuals, when including the Obamacare tax can be as high as 43.4 percent. For businesses, the rate is 35 percent. Both of these are far too high; just as important are the complexities that make it impossible to accurately calculate the amount owed. These must be simplified. Further, tax on overseas profits and the death tax need revision.