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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: steve harris who wrote (173713)	8/13/2003 8:02:31 PM
From: Jim McMannis	Respond to of 1573891

But it would mean people would have to donate to charities without getting a tax break and you couldn't deduct your mortgage interest, closing costs etc. Muni' Bonds would adjust sharply up in rates and this would hurt municipalities. The poor who pay a disproportionate amount of their income on necessities, would be hurt more than "rich folk"... Tax Lawyers & Accountants would come up with their excuses... Sales tax avoidance would become a new industry. Offshore work arounds would become commonplace. The burden of collecting it would fall on to businesses. A whole new collection system would have to be put in place. Mind you, I'm just pointing out who would be crying and lobbying. I wouldn't mind something that radical.