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To: thackney

Nope I want wages to be taxed as they should be - as an equal exchange of labor for $ without a profit.

Only profits should be taxed. So if purchased goods/services aren’t double taxed then why are wages paid by the business? Answer - because the wage double tax is born by the employee rather than the business and the taxman can get away with it.


17 posted on 12/30/2014 8:34:15 AM PST by reed13k (For evil to triumph it is only necessary for good men to do nothings)
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To: reed13k
So if purchased goods/services aren’t double taxed then why are wages paid by the business?

But they are not double taxed. The business does not pay taxes on the wages, they are deducted from the revenue and not part of the taxes on their profit.

If I work for a large business and drive their truck, they get to deduct the cost of their truck. If I own my own business and drive a truck for work purposes, I also should be able to deduct the cost of the truck.

I see income tax existence as a separate issue from the topic. I can agree with eliminating income tax, but that is not the issue here.

If a small business owner is deducting a personal use vehicle as a business expense, that is a separate issue as well.

18 posted on 12/30/2014 8:48:39 AM PST by thackney (life is fragile, handle with prayer.)
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