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To: GodBlessUSA

The flat tax won't work for several reasons. First, it keeps the income tax in the law and would not get rid of the IRS. Second, the complexity comes in determining what deductions are permitted, not in the tax rate. If deductions are "simplified" to one size fits all, then businesses will be hurt badly by being unable to deduct reasonable expenses of doing business.


87 posted on 08/27/2004 8:24:09 AM PDT by n-tres-ted (Remember November!)
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To: n-tres-ted

Didn't our current tax mess originate from a "flat tax"? If so, I see the flat taxers as just being willing to hit "ctrl-alt-delet".


89 posted on 08/27/2004 8:26:39 AM PDT by CSM (To spread the wealth the liberal is willing, he'll take YOUR dollar and keep his shilling. -albertp)
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