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URL:  http://boards.fool.com/it-is-time-to-make-a-simple-tax-system-with-no-28821678.aspx

Subject:  Re: AMT patch for 2010 Date:  10/14/2010  11:55 AM
Author:  TMFPMarti Number:  111277 of 127753

It is time to make a simple tax system with no loop holes and no Congressionally directed expenditures.

Not exactly what I wanted, but close enough. I've been waiting for someone to bring up flat tax, and it's almost time for my nap, so you'll do.

AMT is basically the flat tax system many people are in love with. A generous personal exemption, extremely limited preferences/deductions, and only two brackets.

Like Mama said, be careful what you wish for.

Phil
Rule Your Retirement Home Fool
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