Thread: Flat Tax
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Old 04-19-2007, 08:47 AM
logosmax logosmax is offline
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Join Date: Mar 2007
Posts: 55
Re: Flat Tax

All businesses, from "Mom N' Pops Widgets" to Microsoft would take their total income, subtract total expenses and if the result is a positive amount (profit), pay tax on that amount at a rate of 17%. Expenses would include purchases of goods and services, capital equipment, structures, land, wages and contributions to retirement plans.

The question is whether your effective rate is over 17% currently I bet it is
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