I'm more a fan of replacing income tax with a flat sales tax on all goods. Basically, the more you spend, the more tax you pay.
Of course, this can unjustly effect lower income brackets, given they are forced to spend a much higher portion of their income on essential goods, and thus arguably pay an unfair percentage of taxes. To solve this problem, I would forgo sales tax on certain essential goods, namely food and non-alcoholic drinks bought via typical retail methods. For gasoline and other energy sources, I would at least limit the tax, and I would also limit the tax for the rest of the food industry, given paying a 20-30% tax on a burger at Burger King sounds outrageous.
So basically, something like this:
Food and non-alcoholic beverages bought via retail - no tax
Food bought wholesale and from restaurants - low tax
Gasoline/Energy - low tax
Everything else - high tax
I don't really know how that would work out numbers wise, but it seems like it'd get the job done, and in a much simpler and fairer way than the horrible system we have implemented currently.












