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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: Taikun who wrote (50047)	5/15/2004 6:33:54 PM
From: Elroy Jetson	Read Replies (1) \| Respond to of 74559

The Treasury has calculated a revenue neutral Flat Tax at somewhere between 23% and 24%. As mortgage interest is not tax-deductible under this proposal, this would mean a huge tax increase for almost all home owners. Those in the lowest income tax bracket, currently 15%, would experience a tax increase of 53% to 60%. It sure would be a good deal for Steve Forbes though. With a net worth of $1.4 billion he'd love a tax reduction paid for by others.