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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Alighieri who wrote (434904)	11/13/2008 10:00:24 PM
From: i-node	Read Replies (1) \| Respond to of 1574565

Why is this unique? When you buy anything that's taxed you likely do it with money that's already been taxed. How far do you carry the double taxation argument? I guess you're referring to the sales tax. In fact, the sales tax isn't a good analogy, as all sales taxes are subject to exemptions for items purchased for resale, specifically to eliminate the multiple taxation of a single item. Your example supports MY position, not your own. Eliminating double taxation is, of course, the entire concept behind Subchapter S of the Internal Revenue Code, as well as behind Subchapter K (to a lesser extent). For some reason, though, Congress sees fit to continue the double taxation under Subchapter C -- although, from time to time, portions of the double taxation are partially mitigated, but usually end up back in full force when Democrats get control of Congress. Sales taxes are a totally different subject for other reasons, however. Sales taxes are not taxes on income, rather, they are taxes on consumption. The basis for the tax is different. Hence, that isn't "double taxation" in the sense that the corporate income tax is. Personally, I support the implementation of a NST in lieu of all federal income and payroll taxes. But it has failed to take hold for reasons that are totally incomprehensible to me. Right...my point back to Tim F. Not at all your point, according to my reading. You were suggesting that employees were somehow treated more harshly WRT business expenses, but this isn't the case at all -- that employees are allowed ANY deduction for EBE is a gift, since they are not "in business" within the meaning of the Code.