Semi Equipment Analysis Message Board

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Technology Stocks : Semi Equipment Analysis

SOXX 314.52

-0.6%

Dec 11 4:00 PM EST

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To: michael97123 who wrote (12332)	11/4/2003 3:17:36 PM
From: BWAC	of 95572

A flat tax ranks about as high on the foolishness scale as the current convoluted tax code does. What you want is a flat tax with a certain special interest exclusion? Which will be followed by someone else's desired special interest exclusion. Which will be followed by someone else's. And so on. Soon to complete the circle right back to something very near the current code. A total waste of time. Fact is that 60% (I forget the exact figure but this is close) file a 1040 EZ form. How the heck much simpler does taxation need to be? Another 30% file the long 1040 form only cause they need to itemize their mortgage or other deductions, or have capital gains. The remaining 10% get soaked at the accountant cause they have 100 schedules to file to claim their various special situation deductions and exclusions.

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