Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: RobFromGa
Right how when I spend money on business right now I get to deduct it as a business expense, and never pay taxes on it.

What do you deduct it from?... income taxes. That is, you pay the business expense with untaxed dollars.

Fair Tax allows business expenses to be paid with untaxed dollars. Business purchases are not taxed under fair tax at all.

Fair Tax doesn't withhold any self employment taxes. Fair Tax has no withholding from your paycheck.

51 posted on 08/03/2005 5:53:00 PM PDT by Principled
[ Post Reply | Private Reply | To 45 | View Replies ]


To: Principled
Fair Tax allows business expenses to be paid with untaxed dollars. Business purchases are not taxed under fair tax at all.

I understand this. How will they be able to enforce what is and what is not a business expense?

54 posted on 08/03/2005 5:55:36 PM PDT by RobFromGa (This tagline is on August recess...)
[ Post Reply | Private Reply | To 51 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson