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#14
12-12-2006, 10:23 AM
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As to the flat tax debate, it might be worth noting that when Malcolm Forbes was running for president and touting the idea, he was using a figure of a 17% flat tax.
Some independent groups did some math checking and stated that for the flat tax to produce the revenue the current system does, the flat tax rate would need to be about 34%. That seemed to dash a lot of the enthusiasm for a flat tax.
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