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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club -- Ignore unavailable to you. Want to Upgrade?

To: Kirk © who wrote (3301)	2/12/1999 1:16:00 PM
From: Boca_PETE	Read Replies (1) \| Respond to of 15132

Kirk: RE:< People smart enough to work for themselves and shelter a majority of their income get special treatment! > The presupposition you state that people who work for themselves get to shelter THE MAJORITY of their income due to "special treatment" is NOT NECCESSARILY TRUE - it depends upon what kind of business a self employed person is in. For instance, a consultant whose main revenues are consulting fees could have only minor deductible expenses and therefore report a large percent of those revenues as TAXABLE INCOME. If such a consultant chose to work from their home, why should they not get a reasonable deduction for business related home expenses in lieu of a RENT EXPENSE deduction they would have taken had they decided to rent a business office elsewhere. QUESTION: You explained how you did your calculation ESTIMATE. How do you know it was the calculation intended by the authors of the book ? That's the crux of my challenge expressed in my previous post - Unless I totally missed it, the book fails to specifically define what is meant by "REALIZED HOUSEHOLD INCOME". P PS: Better to be a TRUE ACCOUNTANT, than be an UNTRUE President.