| Comment Number: | 522418-11329 |
| Received: | 7/17/2006 10:28:49 AM |
| Organization: | Brown Enterprises International |
| Commenter: | J. Michael Brown |
| State: | TX |
| Subject: | Business Opportunity Rule |
| Title: | Notice of Proposed Rulemaking |
| CFR Citation: | 16 CFR Part 437 |
| No Attachments |
Comments:
Ladies and Gentlemen: The proposed new rule (16 CFR Part 4370), if passed, would have a severe negative impact on the network marketing industry. The companies affected might decide to move outside of our borders. This would result in a loss of tax revenue for the United States. -- In addition, it the new rule were passed, it would deter members in the Multi-level Marketing industry from achieving financial gain. Their income tax deductions would remain the same, but their income would be placed in a disadvantaged position. Ergo, passage of the new rule would result in a NET LOSS of income tax revenue for individual states of the union as well as for the United States. -- Since passage of rule 16 CFR Part 4370 would result in a LOSS of tax revenue for the states and for the States, therefore, a vote AGAINST THE NEW RULE is a vote for the United States of America. -- Sincerely, -- J. Michael Brown, MA -- President/CEO, Brown Enterprises International