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To: FlatTaxMan who wrote (15327)4/15/1999 7:13:00 PM
From: Warren A. Wilbur, Jr.  Read Replies (2) | Respond to of 40688
 
Tell you what FTM, when I pass through Vail or Aspen and see the corporate jets there on a tax write off ski trip, that's a bunch of
BS, IMO they should shut down the IRS (big savings right there) and
take say 10% from EVERYBODY, and I mean EVERY corporation as well. This tax filling system is so pitiful, the time one has to waste on this crap.

OK, next we'll have to do away with tax on investment profits !



To: FlatTaxMan who wrote (15327)4/15/1999 11:26:00 PM
From: Victor Lazlo  Read Replies (1) | Respond to of 40688
 
Don't we now work from Jan 1 until May 15 just to pay our taxes for the year?



To: FlatTaxMan who wrote (15327)4/16/1999 1:13:00 AM
From: Bob Willis  Read Replies (1) | Respond to of 40688
 
<<Steven Forbes, somewhere, has some great statistics about our tax structure. The first estimate that I ever heard concerning our tax liability via a flat tax structure was 17% for everyone.>>

Actually, Dick Armey's Flat Tax Proposal has been around for 10 or 15 years but can't get anywhere because of all the vested interests. His proposal would have no deductions, but would have personal exemptions whereby a family of 4 would be taxed at 17% ON EARNED INCOME OVER $38,000.. The first $38,000 is tax free and you pay no taxes on interest, dividends, capital gains.

It would take less than TWO MINUTES to subtract 38,000 from your income and multiply by .17 to calculate your taxes.

Can you see why vested interests don't want the flat tax to go through - tax accountants, investment advisors, tax attorneys, etc., not to mention lobbyists, the IRS, and government bureaucrats making a nice living off the complexities of the current tax code, and people who are managing to pay little or no taxes now as a result of special deductions.