Sunday, June 29, 2008

Sound Idea
Here is a post on the flat tax that makes sense. Every income classification needs to get taxed, whether its dividend income, capital gains or wages. I heard that Steve Forbes, under his tax plan, would not have to pay any taxes. If I get taxed, Steve Forbes gets taxed. The only deduction that should be kept is the deduction for interest on a home. If this was eliminated the price of home would drop by an amount that would approximate the deduction. This would be tough on a weak housing market.

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