In article , Dave Hall wrote:

Last I looked income from a business is not computed on a 1040. Most
of the whining about deductions and most of the tax avoidance schemes
are business based and the only part that shows up on a 1040 is the
part AFTER the deductions were taken and the income shielded. Maybe
you ought to get a clue before you invest too much into your flat tax
schemes.

You're missing the point, which is that the deductions which would be
eliminated under a flat tax scheme are things that have no relationship
whatsoever to producing income: mortgage interest, medical expenses,
charitable contributions, state and local taxes, and so forth.

Income = gross revenue minus costs of producing it.

Taxable income = income minus deductions such as those listed above.

*Not* the same situation at all.

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Regards,
Doug Miller (alphageek at milmac dot com)

It's time to throw all their damned tea in the harbor again.