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The Wrong Way To Sell A New Idea
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Many people would like you to believe that flat tax is so named because it will flatten your finances. That at the least is the intended conclusion. By eliminating personal deductions like mortgagee interest payments, the study claims, the flat tax would reduce housing values in this country by upwards of 10 percent. The study's methodology i ....
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....x initially would raise taxes on the middle class by 20 percent. On average, a family with between $40,000 and $50,000 in adjusted gross income would see there taxes rise about $700 to about $7.500.
The flat tax also appears to have a major fairness problem. For example consider two families. The Jones have a combined salary of $50,000 in wag.... |
| Word count: 653 |
Page count: 3 |
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