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Re: Time for a flat tax
Wow. Is the Parking Lot getting political or what?
Actually, I don't mind.
Problem with a luxury tax is that the smart people who have made a lot of money will always find a way around it.
The government tried the same thing with luxury yachts several years ago. They put a ridiculous tax on multi-million dollar yachts and the rich simply went to foreign countries and bought them cheaper.
Result? That put thousands of people who make their living building yachts in the United States out of work.
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