It's a great way to increase Taxes with out passing legislation. As Salaries and deductible expenses go up the deductibility of the expenses phase out and the Taxpayer pays more. The "Tax and spend" lovers (aren't they all?) could not have thought of a better system. Think of the Bonus Taxes the Gov gets from all the IRA etc deferments taken at 15% then taxed at 28% when with drawn at retirement etc.. CBS Nichols
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