All of your tax plans suck, it needs to be a simple system that people canât play. Income above some amount (have a base that slides based on dependents) is taxed at X% with progressive increases as income goes up, all income is just income for tax purposes, get rid of the deductions because it shouldnât matter where you live or who you donate to, incentivize retirement savings, and on down the list of shit that makes sense and keeps it easy. All trusts and assets go through estates, minimal exemption set of $X, sliding scale on tax based on asset valuations with a much lower rate than the current 40%. Business pay same sliding scale as individuals, Section 179 and bonus depreciation go away, options are taxed as earned not exercised, etc.
None of this is going to happen so this whole discussion is a waste, but we need a simple system with limited variability. There is entirely too much money spent gaming the system where if we were more reasonable we could probably bring the rate structure down substantially.