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Date Posted: 05:19:41 11/13/08 Thu
Author: SleepingHare
Subject: Re: redistribution of wealth
In reply to: EJetson 's message, "Re: redistribution of wealth" on 13:45:07 11/12/08 Wed

>A flat tax could have a minimum annual salary applied
>to it, of course, and it could be higher than what the
>minimum is now. The problem with the graduated tax
>rates are that they then require thousands of
>unnecessary deduction laws, which the wealthy are able
>to take advantage of. When someone is allowed to
>purchase/own something for the sole purpose of having
>it decline in value so that a deduction can be taken
>on their taxes, that's wrong.

You can have a graduated tax system without deductions, or a flat tax system with deductions. My personal preference for personal income taxes would be a graduated tax and no deductions except for charity. It would be fairer and far more efficient.

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