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Politics : Formerly About Advanced Micro Devices
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To: Joe NYC who wrote (467851)4/1/2009 7:54:58 AM
From: michael97123  Read Replies (1) of 1578095
 
Problem with flat tax which with large personal exemptions could be more progressive than the current income tax, is that exemptions for mortgage interest, and charitable donations are key to the housing industry and charities. Not to mention the accountants lobby. With flat tax accountants might be out of business and charities might fail and housing might falter more (g).
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