The New York State Society of Certified Public Accountants (NYSSCPA) yesterday unveiled a plan to overhaul and radically simplify the income tax: the Simplified Exact Transparent (SET) Tax is a reform proposal that replaces our current tax code with a simple formula:
(Income – Congressionally defined exclusions) x Rate = Tax
- NYSSCPA press release
- SET Proposal (full version)
- SET Proposal (short version)
- SET Brochure
- FAQ
