Since the Income Tax was instituted to cap the excesses of extreme wealth and was never sold to the American people as a general resourse to be explioted, we should reconsider the structure of taxes in general.
Personally I believe that only the wealthy shoud pay any taxes at all since they are the ones who have benifited from the infrastructure we as a people have built with our hands and minds.
Of course the influence of money has perverted the concept of equality and have, as usual, turned it againts the ones who are the targets of the silent war to use our labor and common resources to enslave us.
My view is this; if wealth wishes to do business here in the US they should be taxed against all the trusts, foundations and off shore accounts or be deported and their assets siezed for the general public fund.