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Strategies & Market Trends : ahhaha's ahs -- Ignore unavailable to you. Want to Upgrade?

To: ahhaha who wrote (4676)	7/2/2002 1:02:32 PM
From: Ahda	Respond to of 24758

Message #4676 from ahhaha at Jul 2, 2002 12:33 PM what would it take for Bush to propose significant tax reform? taxes.yahoo.com Looking at this if there would be a reduction of taxation for lower income earners if either party moved towards a 10% flat tax. So then the war on wealth is not the issue courage to face facts would be. Then eliminating deductions working or pure income base the revenue brought in by a flat tax could then be determined. Then question is would this be more or less than revenue the government receives now?. This could be a benefit for both parties. If there is a set base additional provisions or laws would not have to be implemented nor even considered. The self interest groups and the pressure put forth on both parties due to these groups would diminish.

To: ahhaha who wrote (4676)	7/2/2002 2:25:14 PM
From: Keith Monahan	Read Replies (1) \| Respond to of 24758

Would a difference be needed between capitalized cost and expense? The purpose of recording something as capital is to ensure that costs are allocated to the correct period. For example, if you implement a supply chain system for $10 million and the system has a useful life of 10 years, it would be proper to recognize only $1 million in expense each year. I would think any changes in this methodology would be made independently of any tax considerations. Having said that, I think some type of free cash flow model that eliminated the distinction between expense and capital would be preferable to the current accounting treatment.