I have a pretty complex tax reform, but one that might work

[TexasBushwhacker]

6. Address capital gains as well

In the interest of senior citizens, the first $50K in long term capital gains income ($100K for couples) will be taxed at 15%, after deductions and exemptions. Beyond those amounts, and for people under 65, long term capital gains will be taxed at the same rate as wages. It makes no sense for someone who has the good fortune to have significant capital gains to pay a lower tax rate than someone who pays taxes on wages earned by the sweat of their brow.

It also makes no sense that a trust fund kid gets to pay 15% for winning the genetic lottery. Hedge fund managers and others that use the capital gains loophole should have to pay the same rates on their income as everyone else.

We must reinstate inheritance taxes. America was not built on the idea of supporting dynasties. Of course, some of the estate will be tax free off the top, and it will continue to be a tax free transfer to a spouse. But Sheldon Adelson should not be able to leave billions to his kids tax free. That's just nuts.