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Old 09-28-2007, 12:07 AM   #15
blankall
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Quote:
Originally Posted by Mccree View Post
If there is profit is should be taxed.

I once had a tax prof tell us that that if people just play follow the rules then everyone tax rate would drop 5-10 %. Not sure if that is true or not.
Well technically you get taxed on income and not profit, but that distinction is for tax geeks....
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