[ExTxMarine]

So, exceptions for businesses ARE allowed - the costs to generate revenue such as mortgages, building improvements, etc...!

But, to the average American, they are just going to get screwed at a flat 10% - regardless of their need and necessity to have a mortgage, make building improvements, etc...!

Once again, we are opening the door to loopholes, interpretations, and other ways to avoid taxes and allow the government to once again start building a million-page tax code - one lobbyist at a time.

[thackney]

So, exceptions for businesses ARE allowed - the costs to generate revenue such as mortgages, building improvements, etc...!

But, to the average American, they are just going to get screwed at a flat 10% - regardless of their need and necessity to have a mortgage, make building improvements, etc...!

- - - - - -

So the landlord is a business and gets to deduct taxes as an expense, the renter doesn’t have that tax on tax built into his rent. However the homeown does receive that tax on tax.

And so you see one of many reasons this won’t work and will not be passed.