Simplify the tax code, eliminate all the deductions and loopholes politicians have snuck in there to benefit certain interest groups and their buddies, and take a seat to admire your glorious creation.Unless someone has prepared (or had their accountant prepare) a tax return for a corporation, subchapter S, LLC, or even a 501(c)(3), they would have no idea how easy it is to manipulate tax scenarios based on the need for that year. For instance, if a huge CapEx outlay was made, profits can be minimized and therefore reduce taxes on the reinvestment. Likewise, if a huge CapEx outlay needed to be made, the books can be tilted the other way to show maximum EBITDA in order to earn the financing and thus take a tax hit that year.
As complicated as federal tax laws are, they are complicated because they are so stupid. It's easy to beat them when you know how.