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Path: utzoo!watmath!clyde!burl!wjb
From: wjb@burl.UUCP (Bill Buie)
Newsgroups: net.politics
Subject: Re: Flat Tax
Message-ID: <435@burl.UUCP>
Date: Wed, 18-Apr-84 11:19:13 EST
Article-I.D.: burl.435
Posted: Wed Apr 18 11:19:13 1984
Date-Received: Thu, 19-Apr-84 03:18:16 EST
References: <434@burl.UUCP>, <153@ccieng2.UUCP>
Organization: AT&T Technologies; Burlington, NC
Lines: 20

--
Not being rich myself, I could be missing the point.

What kind of deductions are "the rich" using?  I had figured that the
overwhelming majority of them were business-related stuff like Joe,
miscellanneous charitable deductions, and interest.  I am under the
impression that it is possible to make earn untaxable money with the
business angle.  Somebody once explained to me how I could use the
tax situation to my advantage to buy a house to lease, "lose money"
on it by using legitimate business deductions, while earning real,
spendable cash (for those interested, I think the trick was
something about depreciation techniques allowed on business
purchases even when the property was increasing in market value).  I
assumed that it was this sort of thing that has everybody bent out
of shape.

So, what *is* the point?
-- 

				--Bill Buie