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To: John Lenin
You still have to be able to write off business expenses. Fair Tax sounds great if you leave that part in it.

I don't say this to be insulting, but your statement assures me you have missed the vital point I and others are trying to communicate to you. It's the equivelent of saying, "I'm all for free groceries as long as I can still use my coupons."

Under our existing system, business expenses are TAX DEDUCTIBLE... under the FairTax they are TAX FREE. Put another way, under our current system, businesses are TAXED on their incomes, and deductions REDUCE that Tax. Under the FairTax the business PAYS NO TAX, for income OR for items purchased for business use.

631 posted on 02/05/2005 6:12:15 PM PST by OHelix
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To: OHelix

My problem is I run a business and understand what this fair tax is all about. Limiting competition.


634 posted on 02/05/2005 6:16:31 PM PST by John Lenin (Don't let them fool you)
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