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To: redfish who wrote (17159)	11/30/2004 10:48:14 PM
From: Jim McMannis	Respond to of 116555

RE:"Another factor is the charitable gift deduction, the tax exempt industry by itself would derail the elimination of it. And that deduction creates a lot of complexity (private foundations, charitable gift annuities, ad infinitum)." Gawd yes, what would all the people that set these trusts up do for a living? Also, the tax lawyers and accountants were up in arms back when Forbes suggested the flat tax....and they have a powerful lobby. Tax lawyers and accountants would also take a hair cut.