To: Paul C. Jesup
I doubt that the IRS will actually be eliminated. It will probably morph from hassling individuals about their incomes to hassling businesses about their receipts. This will be a smaller group of people and depending upon how complicated the tax is for the retailers, may be rather difficult for them to cheat on.
What I like about this tax is that the companies that are going to take the biggest hit are those that import their products. The cost of production for them will be unchanged but their domestic competitors will have decreased cost of production.
36 posted on
09/22/2005 6:33:20 PM PDT by
Fraxinus
To: Fraxinus
I doubt that the IRS will actually be eliminated. It will probably morph from hassling individuals about their incomes to hassling businesses about their receipts.
Actually from what I understand, HR-25 takes the direct collect and enforcement of said collection of taxes out of the hands of the federal level and puts in state and local levels.
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