Message:

<p>[QUOTE=&quot;10gary22, post: 1029174, member: 23626&quot;]Reagan got out of it with the biggest tax increase in US history. lol</p><p>My tax liability along with that of most individuals and many smaller businesses doubled overnight when the current deductibles were suddenly disallowed by the new IRS regulations. It was a slight of hand increase, but it went beyond what many thought possible. My accountant told me &quot;this can never last&quot;. How wrong he was. Suddenly, sales taxes were no longer deductible as well as interest with the exception being mortgages. A lot of previously deducted &quot;business expenses&quot; were gone.</p><p><br /></p><p>Nope, he only raised taxes to get out of it, history does not lie and I remember this very well. In fact, these new IRS policies actually destroyed some industries here. Yacht manufacturing was GONE ! The Horse Racing Industry took a huge hit as well as those who sold the $100 business lunches. lol</p><p>Money just went from circulation to the federal government instead. Better ? Not in my opinion.[/QUOTE]</p><p><br /></p>

Your name or email address:

Do you already have an account?

• No, create an account now.
• Yes, my password is:
• Forgot your password?

Stay logged in