It's election silly season, and I would like to know what people on the site from all spots on the political spectrum think would be an ideal federal tax system. If you had a magic wand and could transform the US tax code into an ideal system, what would it be? What percentage of income would someone making $1 million/year, or $100,000/year, or $25,000/year pay? What would corporations pay? Would gains on capital investment be treated differently than income? What deductions or exemptions would be eliminated or created? How would you ask our citizenry to pay for the US government?