Re: Flat Tax?
I pretty much agree, ptmusic, but at the risk of a tangent my take on the following is a bit different:
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Also, not taxing income made outside of the U.S. is asking for trouble - it is setting up a loophole.
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I am under the impression that other countries do not tax their own companies on profits made abroad. The USA may be the only country (or only major country, at least) with such rules which leaves us at a significant competitive disadvantage on the international front. I could be wrong and I'm sure there is more to it than just this, but perhaps another thread would be merited so that I don't hijack my own thread. Heh.
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