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To: webboy45
used items are exempted

You're apparently confused. Used items aren't "exempted", they're simply not subject to being taxed a second (or more) time -- "used" is, in and of itself, an imperfect shorthand for "previously taxed".

13 posted on 11/02/2005 11:11:04 AM PST by kevkrom (Thank you... I'll be here all week. Don't forget to tip your waitress. (And try the veal!))
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To: kevkrom

WRT 13, how about previously taxed income that was saved or invested intended to be spent later with no tax penalty. What is your solution? Should we get a pre-index payment on $trillions in accounts. Wouldn't that be "fair" like a prebate?


15 posted on 11/02/2005 11:18:49 AM PST by Final Authority
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