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

To: michael97123 who wrote (467902)	4/1/2009 6:05:32 PM
From: Joe NYC	Respond to of 1578011

Michael, 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). True, in short run, but in long run, it would be better if people make decisions based on merit, rather than based on the tax code. Joe