[wardaddy]

A trillion annual on IRS operating and enforcement expenses alone.

Your words precisely.

Link Please? That trillion comment is pure embellishment.

What about state and local which for entreprenuers like me is huge?

I agree we need to overhaul the tax code but what you propose would hurt folks like me worse than what I deal with now. What about interest and depreciation as costs?

It's more complicated than folks like to admit.

[Dead Corpse]

That statement was in reply to another one further up the thread. Take it out of context if you must.

Read the Bill. You are NOT going to get "hurt worse". Far from it.

[rwrcpa1]

I agree we need to overhaul the tax code but what you propose would hurt folks like me worse than what I deal with now. What about interest and depreciation as costs?

Uh, you wouldn't be filing a tax return, so there is nothing to deduct depreciation or interest from! Businesses will no longer file income tax returns, included self-employeds, partnerships, LLCs, estates, trusts, corporations, etc. Am I missing something from your question?