Oprano Adult Industry Forums - Sales tax will be deductible from federal taxes

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Almighty Colin

10-15-2004 09:32 AM

I was out of town for a few days and didn't see this posted. The Senate passed a bill that will make sales tax deductible on federal income tax.

Mike AI

10-15-2004 10:22 AM

They need more reform then this.

A flat tax system, with somebased on consumption would be great.

It will never get past the CPAs and lawyers, but it would be revolutionary.

Sharpie

10-15-2004 10:52 AM

Quote:

Originally posted by Colin@Oct 15 2004, 08:33 AM
I was out of town for a few days and didn't see this posted. The Senate passed a bill that will make sales tax deductible on federal income tax.

I was out of town for a few days and didn't see this posted. The Senate passed a bill that will make sales tax deductible on federal income tax.

When does this take effect? I am so glad our government makes bookkeeping so easy.... o, yeah, that was paperwork reduction. I see tons of more receipts in the shoebox:-)

Bishop

10-15-2004 12:28 PM

A flat tax would be heaven.. probably not in our lifetime though..

Jesse_DD

10-15-2004 01:43 PM

I know I'll be taking advantage of this one. That is actually a very good one... just a pain to actually figure out.

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