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Maxprop Maxprop is offline
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First recorded activity by BoatBanter: Jul 2006
Posts: 2,058
Default OT / My pet peeve *fatties*... more VAT


"Walt" wrote in message

With the right exemptions, it can be. Say, a flat X percent with the
first Y dollars exempt. By adjusting X and Y one can make it as
progressive or regressive as you want.


How, then, would that be a "flat tax?"

Max