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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: bruwin who wrote (72200)	1/29/2023 4:07:49 PM
From: robert b furman	Read Replies (2) \| Respond to of 78958

Hi bruwin, Thanks. I think that tech gets an extra tax deduction on "R&D", which I also suspect includes depreciation. If you tax something, you get less of it. Thus creating its corollary, If you give something a tax deduction, you get more of it. <smile> Pass a consumption tax and get out of the game of lobbyists and a tax code that could choke an elephant. While we're at it wipeout the IRS and its huge costs (not to mention the recent doubling of size and future costs). Let the cost of revenue collection rest on businesses, who collect it and forward it to the government for free. Monthly revenue receipts would beat quarterly estimates or annual payments on April 15th. My bet is the receipts would also go up. We had our Texas Ad Valorem tax on inventories go away and a flat fee was imposed on the sale of new and used vehicles in Texas. The state recognised a doubling of receipts. No more fun and games of hiding inventory. If you are wealthy and spend most of your money, you pay more. If you are a saver and invest it, the US will lead in innovation, investment, and capital formation. Far be it that government gives up it power, for efficiency's sake. Sigh. Bob