[goldstategop]

Beautifully put! We don't need several layers of taxes. Or a complicated tax code with rules no one understands. Or the IRS.

(Denny Crane: "Sometimes you can only look for answers from God and failing that... and Fox News".)

[Gvl_M3]

Here is a question about depreciation/embedded costs.

I work for a large corporation. Here is how the current system affects our decisions.

We own 3000 acres with several buildings/roads used for research. From what the accountants have shown, our biggest portion of our capital budget is the depreciation of this land. Why do we have to "PAY" twice for the land (or any capital item). We could cut our costs for each test almost in half if we didn't have to depreciate all of our capital. We even started leasing vehicles so we wouldn't have to depreciate them. The fair tax would allow us to buy the equipment outright instead of leasing it.

Under the Fair Tax, all of this depreciation would go away correct? Allowing us to make decisions that most benefit our company, instead of avoiding the current tax code.

Another thought, this might encourage our headquarters in europe to send more business to us since it would be cheaper than in europe.