I have also found the Tax Reform Panel's report useful, especially the VAT/Simplifeid Income Tax Option that was layed out but not recommended. Michael Graetz's proposal is also good. I would have a higher floor for income tax filing than both the Tax Panel and Graetz, with $75K individual and $150K family (the Tax Panel had no floor, while Graetz proposes $50K individual, $100K family). I would also expand the base of the Corporate Income Tax to include all business types and end wage deductibility and have all non-retirement savings payroll taxes (Medicare, Unemployment, Disability, worker Survivors) be merged into that tax. Any personal income tax subsidies, such as the Child Tax Credit, the EITC, the Mortgage Credit, a charitable contributions credit as designated by employees and education/student loan credits would be married into the Business Income Tax as well, with benefits transferred to employees. Many income transfer programs could also be merged with the Child Credit. Like everyone else who commented, I think the limitation of only increasing taxes on those making over $250,000 is counter-productive. I would drop that by about $100,000 to $150,000. Restoring the old 31% tax bracket seems reasonable and will raise a lot of money. Lastly, the societal purpose of encouraging home ownership for families with children is clear. It is not clear at all for the wealthy or for families without children. Favoring owned housing versus rental housing is also less clear, so an argument can be made for ending the deduction altogether and rechanneling those tax savings to families with children by beefing up the refundable child tax credit.