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


To: Joe NYC who wrote (467851)4/1/2009 7:54:58 AM
From: michael97123  Read Replies (1) | Respond to of 1577985
 
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).