Ping!
FairTax would catch most of this......
How so? If someone paid a painter $600 in cash under the table to paint his house, how would the FairTax catch this?
FairTax would catch most of this......
Folks would at least have to consciously go out of their way to evade a retail tax.
As it stands now cash income is essentially ignored and untaxed unless the individual takes an extra effort to track and report it, Just the opposite of a retail sales tax that is collected with purchase and remitted by a certified business.
A Taxreform bump for you all.
If you would like to be added to this ping list let me know.
John Linder in the House(HR25) & Saxby Chambliss Senate(S25), offer a comprehensive bill to kill all income and SS/Medicare payroll taxes outright, and provide a IRS free replacement in the form of a retail sales tax:
H.R.25,S.25
A bill to promote freedom, fairness, and economic opportunity by repealing the income tax and other taxes, abolishing the Internal Revenue Service, and enacting a national retail sales tax to be administered primarily by the States.Refer for additional information: