----- Original Message -----
From: <[EMAIL PROTECTED]>
To: <[EMAIL PROTECTED]>
Sent: Tuesday, May 22, 2001 7:04 PM
Subject: Re: Hard working? Rant mode Re: W. on the Environment
> Aren't gas and other travel expenses deductible if it's above a certain %
of income? Not that that would refund you most of the money.
>
Most expenses are deductible from profits. So, I could indeed deduct the
entire cost of travel. But that's no different than me being able to
declare my computer equipment as a bidness expense.
> >>Also taxes on goods are lower or non existent for companies.
>
> >Please cite a source on this. Particularly for the US. I'd love to >see
it, because my little company pays taxes on goods. :-)
>
> In Ca. items bought for resale are exempt from sales tax.
>
Here my wife had a very small business doing folk art. (Sales <$3000 per
year). She paid sales tax on the stuff she bought. I paid sales tax on all
my equipment. It is probably true in Texas that there is no sales tax
collected at the wholesale level for something that is to resold retail.
States have sales, not a VAT tax. To me, that's different from businesses
being able to buy retail without paying the tax. If each transaction were
taxed, then it would just double the tax to the end consumer. I don't think
that really counts as bidnesses being exempt from taxes.
Dan M.
