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To: dogbyte12
Interest on the debt accrued from people taking this tax break is paid off by all of us taxpayers.

Well, that's a good enough reason to me to chuck the system and go to a flat tax or sales tax. Or, better yet, just take the tax burden then divide it by the population and send everyone a bill:)

BTW, if you consider this money out of "your pocket" then you are getting hit from all sorts of areas. Whenever there is a deduction you can't take advantage of. If I agree with your premise then so am I. And I don't agree with your premise since when someone takes advantage of this deduction YOUR taxes don't increase because of that. I don't see where someone says "isthisnickcool just purchased another huge box on wheels! Call dogbyte12 and tell him/her their tax bill is going up".

But I do get your point and I'll agree with it long enough to take the time to thank you for my new wheels. Just kidding:)

53 posted on 01/21/2003 7:36:48 AM PST by isthisnickcool
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To: isthisnickcool
Well, that's a good enough reason to me to chuck the system and go to a flat tax or sales tax. Or, better yet, just take the tax burden then divide it by the population and send everyone a bill:)

How would that change anything? Tax all businesses on their total gross, not on the profit made? So a flat tax on a business making 1 or 2 percent over costs would be taxed at a rate of 30 or so percent of their gross resulting in a loss of 28 percent? Only the rich and stupid could operate a business that way (and they wouldn't be both for long).

A flat tax would only apply to profits after costs of doing business. Vehicles, equipment, supplies, etc. are a part of the cost of doing business. A flat tax would change nothing, just make it a tiny bit easier to calculate the final total due.

Sending everyone a bill for their yearly share and making them pay it might be a nice step toward fiscal responsibility though.

61 posted on 01/21/2003 7:59:28 AM PST by templar
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