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Xwxx Tax Forms

Xwxx Tax Forms

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alen in a nutshell can you help explain what the X Tax is and how it might work for those of us who pay taxes the X Tax is a two-part tax there's a tax on individuals and families and there's also a tax on business firms tax on individuals and families is a tax that applies only to wages it does not apply to any income from saving whether it be interest dividends or Capital the second part is a tax on business firms corporations Partnerships sole proprietorships the tax apply to all of them tax would not apply to their income as it's understood today but instead to their business cash flow the difference is that any investment that the firm makes would be immediately deducted from their tax base in full whether it be a building equipment or anything else today most of those things have to be depreciated over a period of years that sounds like a minor difference but it's actually very important because allowing that investment to be deducted up front to b

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