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To: Jonty30

Capital gains is a reduced rate, not a deduction, so it’s not really a question of “keeping” it. And you probably need something in there that takes family size into account — a flat $15,000 exemption won’t do it.


10 posted on 11/09/2011 7:27:34 AM PST by mdwakeup
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To: mdwakeup

The purpose of a flat tax is that it’s the same, there is no differentiation in the rate paid for anybody.

If you re-invest your money, you have not drawn an income from it, so there isn’t anything to tax, which is what I mean.

When you change the tax system, somebody is going to take a hit, but the hit needs to be taken in order to effect a positive change in the end.

But I would be fine with deducting dependents.


12 posted on 11/09/2011 7:32:05 AM PST by Jonty30
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