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To: Reagan is King

Alot of people are going to be scared of it when they think they won't be able to deduct expenses (such as interest on house payments, having children, etc.) so how can we educate people on this?


77 posted on 11/05/2004 2:49:36 AM PST by Maigrey (Member of the semi-naked blogger Political Operative Brigade. To H#ll with pajamas!)
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To: Maigrey
Alot of people are going to be scared of it when they think they won't be able to deduct expenses (such as interest on house payments, having children, etc.) so how can we educate people on this?

Deducting expenses basically means paying for those expenses with pre-tax money. Under an NRST every purchase would be made with pre-tax money.

87 posted on 11/05/2004 9:54:20 AM PST by kevkrom (Power corrupts. Absolute power corrupts absolutely. But it rocks absolutely, too.)
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