Comment: 4/22/05 Presidents Advisory Panel I would like to weigh-in for the middle class on tax reform as serious defects exist and serious threats to Americans are being proposed. 1. No flat tax or VAT tax, as both of these are regressive taxes requiring those who make the least to pay the highest percentage of their disposal income on taxes. 2. Fix "alternate minimum" tax to restore its original purpose and not an extra burden on the middle class. It should be indexed to avoid future problems. 3. Extend the IRC 125 rule to retired people so that they too may pay their medical benefits pre tax. Require pension funds to provide this feature. John Mitchell __________________________________________________ Do You Yahoo!? Tired of spam? Yahoo! Mail has the best spam protection around http://mail.yahoo.com |