EdwardBaiamonte
Platinum Member
- Nov 23, 2011
- 34,612
- 2,153
- 1,100
Why should "capital equipment" be tax exempt? Who decided that was a sound idea?
I asked you how it was a rip off. Please explain. Why would a business need to pay a tax on items it purchases to do business?
dear, when a business purchases something for a penny or $1 million it incurs a expense that is subtracted from revenue to yield profit.
It then pays taxes as a % of that profit. There is no dispute on the matter.