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Financial Planning / Tax Strategies


Subject:  Flat tax can NEVER work Date:  3/2/2000  9:54 PM
Author:  qwerty1999 Number:  30750 of 127549

Correct me if I am wrong, but the hard part about doing your tax return is coming up with the taxable income. Once you have your taxable income it is a piece of cake to look up the tax you owe in a table.

A large part of the reason the IRC is so big is that many people choose to lead complicated lives. You need a complicated tax code to catch people who lead complicated financial lives. It might not be the answer that you want, but it is a law that can't be violated. (I don't mean a law of man, I mean a law of nature.)

So I would like to challange all of the flat tax proponents to define "taxable income" in 10,000 words or less.

ANY definition of taxable income that you come up with I will easily find a way to turn my 'receipt of cash' into something that doesn't fit under your definition of taxable income.

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