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Strategies & Market Trends : Income Taxes and Record Keeping ( tax ) -- Ignore unavailable to you. Want to Upgrade?

To: Colin Cody who wrote (1066)	4/26/1998 2:17:00 PM
From: Spots	Read Replies (1) \| Respond to of 5810

>>Take a trip to HAWAII and spend some time on Oahu and get a feel for what such a system has done Been there, done that. However, I don't think your conclusion follows. You been reading The Rich and the Super Rich lately? <g> I understand some of your points under the 43% heading, but I still don't see why a good deal of it doesn't go away under a genuine flat tax. Guess I'm tax illiterate at that level (thank goodness!). Although I would certainly like the complexities of the tax code to go away, and I think you understate the economic direct savings from that considerably (in the long run), I'm MUCH more interested in, first, fairness, by which I mean everybody pays the same rate on any kind of income (I do NOT mean that you should transfer some of your wealth to me just because you got more, which is the effect of graduated scales, or vice-versa, which is often the effect of tax preferences), and second removing the tax code as an implement of social engineering and economic distortion. Boy, you can spend a lot of time arguing moot points, can't you? You are one hard guy to get into a good scrap with, though <G>. BTW, just who is this "THEY" fellow? Spots