What percentage of your income can you legally write off under the income tax?
And how does the FairTax “screw you” (or anyone else)?
Please offer some specifics.
Anyone who can write off an immense amount of mileage at forty-eight and a half cents a mile...
Your average courier in cities like Philadelphia, Chicago, Kansas City, Oklahoma City (spread out cities with multiple major business districts), etc., who make 40-50K a year and drive 70K miles to do it.
There are those in the transportation industry writing off eighty percent of their income because of the mileage exemption.
The transportation industry is in somewaht of a glut, where anyone thinks they can operate/own one...particularly the courier industry.