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Taxing America Extreme sports Waffle Iron and moreIn the winter of 1996, Steve Forbes publisher, heir, and presidential candidate captured the American imagination with his proposal for a flat tax. But while Mr. Forbes claimed that such a tax would level the economic playing field by eliminating countless loopholes and miles of red tape, his actual proposal betrayed such claims to fairness by overtaxing workers and undertaxing financial capital. In the face of recent proposals for dramatic and far
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