So when my client just bought a $66,000 US made flat bed trailer to haul finished wood products because the depreciation on his old trailer has gone to zero, that does nothing to stimulate the economy, provide jobs, and keep the economic engine of the US going? He wouldn't have purchased that equipment had there not been an incentive to do so. This is one guy with annual revenues of $190,000. That isn't net income, that is gross dollars accounted for for miles driven. He invested 35% of his gross revenues in new equipment.

Add in all of the other equipment purchased annually because of this, then deduct that from overall production. You will see unemployment go up big time.

Take away amortization and you will see the value of any going concern, also known as blue sky or good will, drop. This means a lot to the owner of a mom&pop business, folks who make a living wage, but certainly are not rich.

Yes, some items that are deductible are BS. Some are not.

In a perfect world a true flat tax would exist, but as long as there are politicians on both sides of the aisle, there will always be ass hattery.