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Originally Posted by Texpat And eliminate all the loopholes. No itemizing, no shelters, no charity deduction, no tax consultants, no hassle. The simple key to making this work is identifying what is income and what isn't |
I'd like a similar system- Flat tax on all income be it wages, capital gains, dividends or trust distributions. Charitable bequests and inheritance gifts OK, but after Flat Tax paid. Death taxes also at the flat rate. Corporate bodies taxed the same also.