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Reply #22: If you exempt necessities they are [View All]

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notesdev Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jun-07-11 06:18 PM
Response to Reply #16
22. If you exempt necessities they are
If you don't tax the necessities for survival, this kind of tax system scales very nicely and precisely with disposable income - and there are no favorable tax rates then for the investor class or the kinds of people who today can buy themselves custom exemptions into law.
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