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To: HonestConservative

Are you accounting for deductibles and depreciation?


119 posted on 10/19/2011 10:21:38 AM PDT by Clint N. Suhks (You cannot help the poor by destroying the rich–-Abraham Lincoln)
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To: Clint N. Suhks

Cain wants 100% depreciation deduction off the top.


125 posted on 10/19/2011 10:27:07 AM PDT by HonestConservative (http://www.freedomradiorocks.com)
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To: Clint N. Suhks

there are no deductibles and depreciation - if i understand it correctly

9% flat corp income tax
9% flat personal income tax
9% sales tax

no ‘value added’ crap that needs a new bureaucracy to support it - if you or a corporation buys it, you pay 9%

that is my understanding - and i hope the simplicity is correct


127 posted on 10/19/2011 10:29:32 AM PDT by sloop (don't touch my junk)
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