"The actual bill chapter 1, section 2-Definitions, (14) (A) (i). Leaseholds are taxable as a service so I would say yes rents you pay are taxable. Also check the Plain English version under taxable property and it also says a leasehold or any term or…"
Replace All Federal Taxes on Income with the Fair Tax Act of 2011, HR 25 & S 13
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Bill Tidwell left a comment for Douglas L. Harris"Doug, The actual bill chapter 1, section 2-Definitions, (14) (A) (i). Leaseholds are taxable as a service so I would say yes rents are taxable. Also check the Plain English version under taxable property and it also says a leasehold or any term or…"
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- Bill Tidwell
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Comment Wall (2 comments)
- At 7:34pm on January 20, 2009,
Marilyn Rickert said… - Hi Bill!
Welcome to FairTax Nation! Please feel free to invite your FairTax friends to join us also.
FairTax Nation a site designed and managed by FairTax volunteers to serve the needs of FairTax advocates by providing a place to share ideas, find resources and create new opportunities with the goal of passing the FairTax HR 25.
Thanks!
Marilyn Rickert
- At 7:27pm on January 20, 2009,
Jim Tomasik said… - Hello Bill,
Welcome to the site. We are planning a huge year for the FairTax in 2009 so you came to the right place.
Please invite every FairTax supporter you know to join as well. We want to build an army of supporters as quickly as we can.
Thanks for Joining FairTax Nation!
Jim
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