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To: michael97123 who wrote (12332)11/4/2003 3:17:36 PM
From: BWAC  Respond to of 95541
 
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.



To: michael97123 who wrote (12332)11/4/2003 4:08:38 PM
From: robert b furman  Respond to of 95541
 
Hi Mike,

I worked my way thru college(6 years).

I saved and invested in stocks till I had enough to buy 20% of a dealership.

I then bought 2 others with my 2 partners.

I never had the time to do children right -so I never had them.

I always wanted to be successful in the market - stocks and cars.

I made it and it was hard.

Those were my decisions and I'm not regretful, in fact I'm very proud.

I stand by those call.

Had I chosen children I wouldn't be doing what I am now - so I'm very rewarded by my past calls.

That doesn't mean someone should tax me more,because I gave up the average lifestyle(children) in leau of a more successful (financial) lifestyle.

If you choose kids you get that lifestyle and it doesn't ok someone to transfer my wealth to their lifestlye cause it is "hard".

JMHO

Bob

No hard feelings we'll just agree to have a different perspective.

EDIT

Sorry Don read your post after I'd already published Bob over and out.GG